U.S. Hot Stocks: Hot Stocks to Watch
June 30 2016 - 9:39AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Newmont Mining Corp. (NEM), McCormick &
Co. (MKC) and InterOil Corp. (IOC).
Newmont Mining Corp. said Thursday that it would sell its stake
in an Indonesian copper and gold mine for $920 million and
contingent payments of up to $403 million. Shares rose 0.93% to
$38.04 in premarket trading.
Spice maker McCormick & Co. said profit climbed 11% in the
latest period as sales were again helped by acquisitions. Shares
fell 2.54% to $100.10 premarket.
InterOil Corp. said Thursday that it has received a third party
offer, potentially disrupting Oil Search Ltd.'s deal to acquire the
midsize energy company. Share rose 7.63% to $45.27 premarket.
Darden Restaurants Inc. (DRI) on Thursday said profit climbed
33% in the latest period as same-store sales rose, but the company
gave a soft forecast for earnings in its new year. Shares fell
4.17% to $63.21 premarket.
ConAgra Foods Inc. (CAG) reported a steeper-than-expected sales
decline in its latest quarter, dragged by weakness in consumer
brands as it continues to reshape its business. Shares fell 3.36%
to $46.00 premarket.
Constellation Brands Inc. (STZ) on Thursday posted profit and
revenue as a number of acquisitions continue to boost the beer and
wine distributor. Shares rose 1.7% to $162.10 premarket.
All but two of 33 big U.S. banks won permission from regulators
on Wednesday to boost dividends and buybacks as they passed the
Federal Reserve's annual "stress tests," a gauge of how the banks
would fare during a financial crisis. U.S. banking units of
Deutsche Bank AG and Banco Santander SA failed, due to Fed concerns
about their ability to measure risks, while Morgan Stanley (MS)
received a conditional approval and was asked to submit a revised
capital plan.
Alliant Energy Corp. (LNT) will replace AGL Resources Inc. (GAS)
in the S&P 500 index after the close of trading on June 30,
according to S&P Dow Jones Indices. With Madison, Wis.-based
Alliant Energy moving to the S&P 500, Southwest Gas Corp. (SWX)
will take its spot in the S&P MidCap 400 and Shutterstock Inc.
(SSTK) will replace Southwest Gas in the S&P SmallCap 600.
Federal regulators on Wednesday accused BancorpSouth Bank (BXS)
of discriminatory mortgage lending practices, or "redlining,"
against African-Americans and other minority borrowers.
A private-equity fund backed by Google parent company Alphabet
Inc. has invested $46.4 million in Care.com Inc., making Alphabet
its largest shareholder, Care.com said Wednesday.
U.S. health regulators on Wednesday approved Cepheid's (CPHD)
screening test to help detect bacteria resistant to a common
antibiotic used to treat severe infections.
CIT Group Inc. (CIT) is selling its Canadian business to
Laurentian Bank of Canada as part of a turnaround plan to focus on
domestic banking. The latest deal, expected to close in the fourth
quarter, involves CIT's Canadian equipment finance and corporate
finance portfolio, with more than $700 million in assets. Financial
terms weren't disclosed, but Laurentian Bank said it would
partially finance the deal through a 135 million Canadian dollar
offering of subscription receipts.
Pier 1 Imports Inc. (PIR) swung to a deeper-than-projected loss
in the first quarter on a sales slowdown that is projected to
contract annual sales 1% to 3%. The retailer warned on Wednesday
that the sales contraction and higher spending may push it into
another loss in the current quarter.
Progress Software Corp.'s (PRGS) second-quarter results beat
projections as higher sales offset the impact of currency
fluctuations. Still, Progress cut further its revenue projection
for the year that ends in November.
Seagate Technology PLC (STX) plans to eliminate some 1,600 jobs,
or about 3% of its workforce, targeting about $100 million in
savings a year. The latest cuts follow disappointing results in the
most recent quarter.
Tractor Supply Co. (TSCO) on Wednesday gave downbeat
second-quarter guidance and lowered its outlook for the year citing
weakness in many of the retailer's big-ticket and seasonal
categories.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
June 30, 2016 09:24 ET (13:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
BancorpSouth Bank (NYSE:BXS)
Historical Stock Chart
From Aug 2024 to Sep 2024
BancorpSouth Bank (NYSE:BXS)
Historical Stock Chart
From Sep 2023 to Sep 2024