U.S. Hot Stocks: Hot Stocks to Watch
March 18 2016 - 09:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Tiffany & Co. (TIF), Starwood Hotels (HOT)
and Marriott International (MAR).
Tiffany & Co. said comparable store sales and profit fell in
its fourth quarter, and the luxury jeweler warned that profit in
its current quarter would be worse than expected. Shares rose 0.26%
to $70.30 in premarket trading.
Starwood Hotels has accepted a raised $78 a share buyout offer
from a Chinese group led by Anbang Insurance over the largely stock
deal the hotelier reached in November with rival Marriott. Starwood
shares rose 4.4% to $79.75 premarket. Marriott shares rose 0.97% to
$72.50 premarket.
Adobe Systems Inc. (ADBE) on Thursday raised its projections for
the year as first-quarter profit nearly tripled driven by its
Creative Cloud business.
Cash-strapped Aéropostale Inc. (AZO) is considering strategic
alternatives, including selling itself. Thursday's announcement
came after the teen retailer posted its third straight year of
declining sales and annual losses, exacerbated by a vendor dispute
with an affiliate of Sycamore Partners.
Qualcomm Inc. (QCOM) has named technology-industry veteran Mary
Gendron as its new chief information officer, a company
spokesperson confirmed Thursday. Ms. Gendron officially took over
the post earlier this year and reports directly to George Davis,
the company's chief executive officer.
Digital-photo company Shutterfly Inc. (SFLY) said Christopher
North will join the company as chief executive on May 31. Mr. North
has been with Amazon.com Inc.'s U.K. business since 2006, most
recently as U.K. managing director.
TransCanada Corp.(TRP), the company behind the controversial
Keystone XL oil pipeline project, agreed to buy Columbia Pipeline
Group Inc. (CPGX) for $10.2 billion. The Wall Street Journal had
reported on the talks last week citing people familiar with the
matter.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
March 18, 2016 09:22 ET (13:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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