Hot Stocks to Watch in the U.S. and Canada
March 01 2017 - 9:46AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are Best Buy Co. (BBY), Weight Watchers
International Inc. (WTW), and Lowe's Cos. (LOW).
Best Buy posted a surprise decline in revenue in the final
quarter of the year as it struggled to make certain products
available to customers. Shares of the company dropped 3.9% to
$42.43 in premarket trading.
Weight Watchers profit more than doubled in 2016 as the
weight-loss company expanded its member rolls for the first time in
four years. Shares climbed 17% to $16.90 premarket.
Lowe's posted revenue and profit growth in the latest quarter as
an increase in same-store sales helped drive results. Shares rose
8.9% to $81.00 premarket.
Dollar Tree Inc.'s (DLTR) profit shot up 41% in the latest
quarter and margins expanded amid more shoppers coming to its
stores--and spending more while there. The company's shares rose
3.7% to $79.54 premarket.
Sarepta Therapeutics Inc. (SRPT) has dropped 6.9% to $28.96
after reporting a smaller-than-expected loss, but offering
below-consensus guidance.
Mylan NV's (MYL) profit more than doubled in the final quarter
of the year as the drug maker posted double-digit sales gains
across regions. Results easily topped expectations and shares were
up 5.7% premarket at $44.25.
United States Steel Corp. (X) has gained 3.9% after promoting
its chief financial officer to president.
Salesforce.com Inc. (CRM) posted a 29% jump in deferred revenue
for its fiscal fourth quarter, a sign the business-software company
continues to rack up customers moving computing operations to the
cloud. Because Salesforce relies on subscriptions of its web-based,
on-demand software, deferred revenue is considered a better
indicator for the company's prospects than overall revenue.
Tribune Media Co. (TRCO) swung to a profit in the fourth quarter
as political advertising during the quarter boosted its top
line.
American Eagle Outfitters Inc. (AEO) suffered a comparable-store
sales decline in for its namesake brand its latest quarter as the
company said it faced a challenging retail environment. Shares fell
5.4% in premarket trading as the company posted a revenue and
profit decline.
Office Depot Inc. (ODP) said it doesn't anticipate sales growth
this year as the office-supplies retailer reported its top line
fell 2% in the fourth quarter.
Sluggish holiday sales compounded by drone production issues
drove chip maker Ambarella Inc. (AMBA) to its first annual revenue
decline as a public company. Fourth-quarter profit, however, surged
more than threefold while sales rose 29%.
Etsy Inc.'s (ETSY) quarterly loss widened sharply on higher
expenses, even as the company continued to add users and posted
strong revenue growth.
Box-office hits and acquisitions helped AMC Entertainment
Holdings Inc. (AMC) post record-high revenue even as acquisition
costs dragged down profit in the latest period.
Ross Stores Inc.'s (ROST) fourth-quarter results beat
projections, but the retailer offered a tepid projections for the
current quarter and business year citing political and economic
uncertainty.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
March 01, 2017 09:31 ET (14:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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