U.S. Hot Stocks: Hot Stocks to Watch
December 22 2015 - 9:40AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are General Electric Co. (GE), Express Scripts
Holding Co. (ESRX) and ConAgra Foods Inc. (CAG).
General Electric Co. said Monday it agreed to sell 23.3% of
Hyundai Capital Services to Hyundai Motor Co. and Kia Motors Corp.
and plans to sell its remaining 20% stake in the 11-year-old join
venture in the coming months. Shares were trading up 0.2% to $30.46
in premarket trading.
Express Scripts Holding Co., the largest U.S. pharmacy-benefit
manager, on Tuesday gave stronger-than-expected earnings guidance
for next year. Shares rose 3.05% to $89.81 premarket.
ConAgra Foods Inc. on Tuesday reported a dip in sales, though
cost cuts and the planned sale of its private-label business helped
drive adjusted profit above Wall Street expectations. Share rose
2.46% to $42.00 premarket.
Denbury Resources (DNR) sees its 2016 capital development
budget, excluding acquisitions, between $250 million and $300
million. Shares rose 4.23% to $1.97 premarket.
Cintas Corp. (CTAS) said its adjusted earnings rose in the
latest quarter, and the Cincinnati provider of uniform rentals and
services raised its outlook for the current fiscal year.
NetApp Inc. (NTAP) has agreed to buy data-storage startup
SolidFire Inc. for $870 million, adding a participant in a sector
that has gained prominence as many businesses turn to flash storage
rather than hard drives.
Steelcase Inc. (SCS) said its earnings soared in the latest
quarter thanks to lower one-time expenses related to a revamp of
the European segment's operations and stronger margins. However,
the office furniture and workspace systems company's adjusted
per-share earnings, revenue and guidance for the current quarter
missed expectations.
Western Refining Inc. (WNR) agreed to acquire the remaining
stake in Northern Tier Energy LP (NTI) that it doesn't already own
in a revised offer that values the master limited partnership at
$2.43 billion. Under the deal, Northern Tier unit holders would
receive $15 a unit in cash and 0.2986 Western Refining share for
each common unit held, or roughly $26.21 a unit based on Monday's
close. The offer represents a 7.9% premium to Northern Tier's
Monday close.
Write to Chris Wack at chris.wack@wsj.com and Tess Stynes at
tess.stynes@wsj.com
(END) Dow Jones Newswires
December 22, 2015 09:25 ET (14:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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