U.S. Hot Stocks: Hot Stocks to Watch
April 12 2016 - 9:41AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Fastenal Co. (FAST), Legg Mason Inc. (LM) and
Perry Ellis International Inc. (PERY).
Fastenal Co. reported is profit edged 1.1% lower in the first
quarter of the year as its core fastener business weakened. Shares
fell 3.56% to $45.27 in premarket trading.
Trian Fund Management LP will sell its shares in Legg Mason
Inc., ending its years-long involvement with the money manager
which included helping to force a chief executive change. Legg
Mason shares rose 1.68% to $32.10 premarket.
Perry Ellis International Inc. said it narrowed its loss in the
fourth quarter, as the company Tuesday backed its outlook for the
year amid expanding margins. Shares were flat at $17.84
premarket.
Outerwall Inc. (OUTR), the operator of Redbox movie rental
kiosks, agreed to nominate three new directors to its board as part
of an agreement reached with its second-largest shareholder,
activist investor Engaged Capital LLC.
Alcoa Inc. (AA) on Monday reported a 92% drop in first-quarter
profit, hurt by weak aluminum prices, and said it could cut as many
as 2,000 jobs. The metals maker's results underscore the company's
motive in spinning off its more profitable aerospace and
automotive-focused business in the second half of this year.
Debit-card issuer Green Dot Corp. (GDOT), under pressure from
activist investor Harvest Capital Strategies, has added three
independent directors to its board.
Juniper Networks Inc.'s (JNPR) results for the March quarter
will miss financial targets, the company said Monday, blaming
weaker demand and the timing of customers' adopting its
products.
Marathon Oil Corp. (MRO) will sell its Wyoming upstream and
midstream assets for $870 million, as big energy producers continue
to reshape their portfolios during a severe and extended pricing
downturn.
Salesforce.com Inc. (CRM) said the value of Chief Executive Marc
Benioff's compensation was $33.4 million for the year ended Jan.
31, down from $39.9 million in the previous year. The
customer-relationship software company said it made "significant"
compensation changes, reflecting shareholder feedback, including a
shift from an option-based long-term equity plan to a greater focus
on performance-based restricted stock units.
Write to Maria Armental at maria.armental@wsj.com and Chris Wack
at chris.wack@wsj.com
(END) Dow Jones Newswires
April 12, 2016 09:26 ET (13:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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