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Stocks to Watch: 3M, Siemens Energy, GSK, CarMax

CarMax is scheduled to release earnings.

CarMax is scheduled to release earnings. (Mark Felix/Bloomberg News)

↗️ 3M (MMM): The company agreed to pay up to $12.5 billion to settle lawsuits that said drinking water was contaminated by “forever chemicals” made by 3M. Shares rose 4.2% in premarket trading.

↘️Siemens Energy (SMNEY): The spinoff of the German industrial giant withdrew its fiscal-year profit guidance and said it could cost upward of 1 billion euros, equivalent to around $1.1 billion, to fix issues related to wind-turbine component failures in its Siemens Gamesa subsidiary. Shares tumbled more than 30% in European trading, following a 14% selloff in U.S.-listed shares Thursday.

↗️ GSK (GSK): The British pharmaceutical giant has agreed to settle a Californian lawsuit over allegations that its heartburn treatment Zantac causes cancer. U.S.-listed shares rose 5% premarket; London-listed shares also jumped.

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