U.S. Hot Stocks: Hot Stocks to Watch
May 04 2016 - 9:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are Noble Energy Inc. (NBL), Priceline Group
Inc. (PCLN) and Humana Inc. (HUM).
Noble Energy's first-quarter loss widened as expenses climbed
and revenue continued to slide on depleted energy prices. Shares
rose 1.68% to $35.80 in premarket trading.
Priceline shares fell sharply after the company released an
outlook below analysts' expectations, as the online travel agent
begins its search for a new chief executive a week after its former
head resigned. Shares fell 7.65% to $1251.00 premarket.
Humana reported its profit tumbled 46% in the first quarter,
hurt by costs related to the Aetna Inc. merger and a rise in a key
measure of the company's medical costs. Shares fell 2% to $173.39
premarket.
Zoetis Inc.'s (ZTS) profit rose 24% in the latest quarter as
revenue also climbed, thanks in part to more days in the period due
to its accounting calendar. Shares rose 1.77% to $49.00
premarket.
Mosaic Co. (MOS) said profit and revenue fell in its first
quarter, as prices for its main fertilizer lines fell. Shares fell
0.04% to $27.50 premarket.
Avis Budget Group Inc. (CAR) on Tuesday raised its revenue
projections for the year, even as its first-quarter loss widened
sharply as the car-rental company ramps up spending.
CBS Corp.'s (CBS) first-quarter profit rose 20%, as ad sales
were boosted by the broadcast of Super Bowl 50 and revenue from TV
station-carriage deals grew sharply.
Comerica Inc., hit hard by souring energy loans, said its chief
financial officer has stepped down. The executive will also resign
as vice chairman, effective Friday. The move comes a week after
shareholders voiced concerns over the Dallas-based lender's
disappointing results.
Oil-and-gas producer Devon Energy Corp. (DVN) reported a
narrowed first-quarter loss, helped in part by a 36% decline in
expenses.
Etsy Inc. (ETSY) reported its first profit as a public company,
as it continued to add users as a strong pace and revenue rose 18%
in the first quarter.
Genetic-sequencing company Illumina Inc. (ILMN) reported a 34%
decline in first-quarter profit on higher expenses.
Live Nation Entertainment Inc. (LYV) reported a
narrower-than-expected loss for its first quarter, propelled by
double-digit revenue growth in its concerts and ticketing
businesses.
Mall owner Macerich Co.'s (MAC) profit surged in the first
quarter, largely tied to a $434 million gain from the sale of its
half-ownership stake in four malls.
Match Group Inc.(MTCH), the parent company of Tinder and other
dating sites, projected stronger direct revenue for the year, even
as dating revenue is expected to slow down. Over all, the company's
first-quarter results beat analysts' projections as average paid
members rose to 5.1 million.
Myriad Genetics Inc. (MYGN) cut its revenue projection for the
year and lowered the high-end of its profit guidance even as
third-quarter results improved.
Nutrisystem Inc. (NTRI) reported first-quarter profit and
revenue above its projections and raised its full-year guidance,
reflecting strong results for its Turbo10 program and Turbo
shakes.
Potbelly Corp.'s (PBPB) first-quarter profit rose as the
sandwich-shop chain reported higher-than-expected sales at
established stores.
Synergy Resources Corp. (SYRG) agreed to acquire assets in
Colorado from Noble Energy) for roughly $505 million, part of the
Denver oil-and-gas company's efforts to become a leading operator
in the Wattenberg field.
Under Armour Inc. (UA) said its chief merchandising officer and
chief digital officer will leave in July.
Western Union Co.'s (WU) first-quarter profit fell 8.9%,
pressured by a slide in transactions fees.
Zillow Group Inc. (Z) raised its revenue guidance for the year
as its first-quarter loss narrowed as revenue rose 25%. Zillow,
whose real-estate portals are used by house hunters and real-estate
agents, said average monthly unique users rose to about 156
million.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 04, 2016 09:22 ET (13:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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