U.S. Hot Stocks: Hot Stocks to Watch
March 17 2016 - 9:21AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Rofin-Sinar Technologies Inc. (RSTI),
Caterpillar Inc. (CAT), and Jabil Circuit Inc. (JBL).
Rofin-Sinar Technologies, a laser-products company contending
with a harsh proxy fight, has struck a $942 million deal to be
bought by Coherent Inc. (COHR). Shares of Rofin-Sinar jumped 35% to
$31.02 in premarket trading.
Caterpillar offered a downbeat revenue and profit forecast for
its first quarter, though it backed its full-year guidance, as the
company continues to see its business challenged by falling demand.
Shares slipped 2.7% to $72.35 premarket.
Jabil Circuit on Wednesday cuts its guidance for the year and
projected downbeat results for the current quarter, warning of
weaker demand in its mobility segment. Jabil makes products for
technology companies like Apple Inc. (AAPL), which accounted for
24% of its revenue last year. Shares of Jabil Circuit fell 6.6% to
$20.52 premarket.
Guess Inc. (GES) on Wednesday warned it would swing to a
first-quarter loss as it lays off workers as part of a broader
cost-cutting effort following a steeper-than-projected profit
decline during the holiday quarter. Shares fell 12% to $18.75
premarket.
FedEx Corp. (FDX) Chief Executive Frederick Smith on Wednesday
said the cost of e-commerce must go up to help support needed
expansion to handle the flood in packages. The comments came as
FedEx reported a 19% third-quarter profit decline largely due to
legal settlements regarding its former independent
contractor-driver model at its ground segment. Shares rose 5.7% to
$152.45 premarket.
Michaels Cos. (MIK) said profit rose 17% in the latest quarter
as sales easily topped forecasts, though the company warned its
business would continue to battle unfavorable exchange rates and a
weakened Canadian dollar.
Williams-Sonoma Inc. (WSM) on Wednesday gave downbeat
projections for the current quarter and year following
disappointing results in the holiday quarter, weighed down by a
comparable-sales decline at its Pottery Barn brand.
Herman Miller Inc.'s (MLHR) third-quarter profit rose 33%, as
the office-furniture company reported continued progress in its
North American business.
Royal Dutch Shell PLC (RDSA) and Saudi Arabian Oil Co., the
state oil company of Saudi Arabia, plan to split up Motiva
Enterprises LLC, breaking up a nearly two-decade business venture
that created the biggest crude refiner in the U.S.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
March 17, 2016 09:06 ET (13:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
FedEx (NYSE:FDX)
Historical Stock Chart
From Mar 2024 to Apr 2024
FedEx (NYSE:FDX)
Historical Stock Chart
From Apr 2023 to Apr 2024
