U.S. Hot Stocks: Hot Stocks to Watch
March 10 2016 - 9:48AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Ford Motor Co. (F), United Technologies
Corp. (UTX) and Dollar General Corp. (DG).
Ford Motor Co. said Thursday its new vehicle sales in Europe
climbed 17% in February, as the auto maker continues to pivot
toward the growing demand there for sport-utility vehicles. Shares
rose 0.83% to $13.30 in premarket trading.
In meetings with investors and analysts Thursday, United
Technologies Corp. will seek to show it can thrive as an
independent company, about a week after Honeywell International
Inc. ended its $90 billion bid for its fellow industrial giant.
Shares rose 0.89% to $97.46 premarket.
Dollar General Corp. on Thursday said profit rose 5.6% in the
final quarter of the year, easily beating Wall Street expectations,
as sales climbed. Shares rose 5.33% to $79.22 premarket.
Party City Holdco Inc. (PRTY) booked better-than-expected sales
growth at existing stores in the fourth quarter, thanks to a solid
Halloween season, though the company warned sales may slow this
year. Shares rose 5.02% to $11.50 premarket.
Propane distributor Ferrellgas Partners LP (FGP) cut its
forecast for the year, citing warmer-than-normal weather and
sustained low energy prices, as it reported profit and revenue
declines for its latest quarter.
Nuance Communications Inc. (NUAN) on Thursday said it agreed to
repurchase $500 million of its stock--about 26.32 million
shares--from activist investor Carl Icahn and affiliates.
American Eagle Outfitters Inc.'s (AEO) Chief Financial Officer
Mary M. Boland intends to retire April 1. A longtime General Motors
Co. executive, Ms. Boland was hired as CFO in 2012 by then-Chief
Executive Robert Hanson, with whom she had worked at Levi Strauss
& Co. Also, American Eagle said its board had approved buying
back an additional 25 million shares through Jan. 30, 2021.
American International Group Inc. (AIG), under pressure from
activists to improve results, said Wednesday it had reached a pact
with Swiss Re AG (SREN.EB) under which the European reinsurer will
take on some of the risk of casualty policies sold by AIG in the
U.S. to business clients. Terms weren't released but the deal is
expected to allow AIG to free capital.
Barrett Business Services Inc. (BBSI) disclosed Wednesday that
it had fired its chief financial officer and plans to restate its
results from 2012 through the first half of 2015 after learning its
CFO had "made unsupported journal entries" that changed certain
costs. The company said a "Big Four" accounting firm will do a
forensic accounting investigation for 2011 through the first
quarter of 2016.
Box Inc. (BOX) on Wednesday posted better-than-expected
quarterly results and upbeat guidance for the current year as the
seller of Internet-based data storage reported its highest
quarterly increase in billings as a public company.
Freshpet Inc. (FRPT) on Wednesday reported it had swung to a
fourth-quarter profit and that its chief executive, Richard
Thompson, plans to retire by July 1.
Nasdaq Inc. (NDAQ) has agreed to buy options-exchange operator
International Securities Exchange for $1.1 billion, in a deal that
would give it control of nearly 40% of the U.S. options market.
Omega Protein Corp. (OME) on Wednesday reported revenue fell 20%
in the most recent quarter, driven a sales decline in its nutrition
businesses.
Mortgage company PHH Corp. (PHH) said Wednesday it will review
its strategic options, citing the effects of "changing industry and
regulatory dynamics."
Mobile-payments company Square Inc. (SQ) on Wednesday reported a
49% revenue increase in the December quarter though quarterly loss
widened on higher spending.
Tailored Brands Inc. (TLRD), the former Men's Wearhouse, will
close roughly 250 stores, including all its outlet stores, seeking
to revamp operations after ending the year with a $1 billion net
loss. The loss was driven by $1.2 billion in impairment charges as
it wrote down the value of Jos. A. Bank, its one-time rival, which
Men's Wearhouse bought in 2014 for $1.8 billion.
Valeant Pharmaceuticals International Inc. (VRX) on Wednesday
said it added three new directors to its board and settled a
billing dispute with a specialty pharmacy as the drugmaker looks to
reassure investors.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 10, 2016 09:33 ET (14:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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