U.S. Hot Stocks: Hot Stocks to Watch
December 02 2016 - 9:50AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Starbucks Corp. (SBUX), Big Lots Inc. (BIG)
and Vascular Solutions Inc. (VASC).
Howard Schultz is stepping down as chief executive of Starbucks
Corp. so he can devote all of his time to a new strategic
initiative of opening high-end coffee shops for the 45-year-old
company. Shares fell 3.06% to $56.72 in premarket trading.
Big Lots Inc. on Friday reported flat comparable-store sales and
an unexpected revenue decline in its third quarter but raised its
profit forecast for the year. Shares rose 4.59% to $53.10
premarket.
Teleflex Inc. (TFX) said Friday it would buy Vascular Solutions
Inc. (VASC) in a deal valued at $1 billion, in a move to expand its
presence in the cardiology, radiology and other vein markets.
Vascular Solutions shares rose 1.63% to $56.00 premarket.
Xerox Corp. (XRX) on Friday named Time Warner Cable veteran
William Osbourn, Jr. finance chief following the completion of
company's planned split into two publicly traded companies at the
end of the year, replacing Leslie Varon, who will retire. Shares
fell 0.74% to $9.38 premarket.
Chip maker Ambarella Inc. (AMBA), a key supplier to
action-camera maker GoPro Inc., is poised to report its first
annual sales decline as sales are expected to remain sluggish in
the holiday quarter.
Archer Daniels Midland Co. (ADM) has agreed to sell its 19.9%
stake in Australian grain merchant GrainCorp Ltd. for about 387
million Australian dollars ($287 million).
Gap Inc.(GPS) on Thursday reported that a key sales figure fell
again in November, hurt by a fire this summer at one of its largest
distribution centers along with continued weakness in its namesake
and Old Navy brands.
Smith & Wesson Holding Corp. (SWHC), the nation's biggest
gun maker by sales, on Thursday gave a downbeat outlook for the
current quarter. Gun sales tend to be stoked by concerns of
tightening restrictions. With Donald Trump the victor of the Nov. 8
U.S. presidential election, gun controls aren't likely to be
strengthened, lessening the fear that firearms may be more
difficult to obtain.
Ulta Salon Cosmetics & Fragrance Inc. (ULTA) on Thursday
raised its projections for the year again as it posted its eighth
consecutive quarter of double-digit revenue increases.
Economic and political uncertainty are weighing on Workday
Inc.'s (WDAY) business in the fourth quarter, with several large
deals being pushed back, the cloud-based, human-resources software
company said Thursday. The fourth quarter is traditionally
Workday's highest by revenue.
Write to Chris Wack at chirs.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
December 02, 2016 09:35 ET (14:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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