U.S. Hot Stocks: Hot Stocks to Watch
November 06 2015 - 9:48AM
Dow Jones News
By Maria Armental
Among the companies with shares expected to trade actively in
Friday's session are Walt Disney Co., Iconix Brand Group Inc.,
Men's Wearhouse Inc. and Weight Watchers International Inc.
Alibaba Group Holding Ltd. (BABA) agreed to buy U.S.-traded
Chinese online video provider Youku Tudou Inc. in an all-cash deal,
giving it a platform through which it can secure a share of China's
fast-growing online video market. Alibaba shares slid 0.2% in
premarket trading.
Walt Disney Co. (DIS) said its profit rose 7.3% in the latest
quarter, bolstered by higher revenue in its media networks and
resorts businesses. Disney shares rose 0.4% in premarket
trading.
DreamWorks Animation SKG Inc. (DWA) swung to a third-quarter
loss as the studio continues to revamp operations following a
series of box-office flops. Excluding restructuring charges and
other items, however, the company reported a profit of two cents a
shared, while analsyts had projected a loss. DreamWorks shares
gained 11% in premarket trading.
EOG Resources Inc. (EOG) swung to a third-quarter loss as
revenue plunged and the energy company booked more than $4 billion
in charges amid sharply lower commodity prices brought on by a
global supply glut. EOG shares added 1.5% in premarket trading.
Horizon Pharma PLC (HZNP) on Friday posted soaring earnings and
revenue, leading the drug company to raise its annual forecast, as
sales of its arthritis-treatment Duexis powered the latest quarter.
Horizon shares surged 14% in premarket trading.
Brand manager Iconix Brand Group Inc. (ICON), which previously
said it would look into its joint-venture accounting, will restate
its financial results for 2013, 2014 and part of 2015. The company
also reduced its 2015 guidance. Shares plunged 56% in premarket
trading.
ICU Medical Inc. (ICUI) on Thursday raised its 2015 outlook as
the medical-products company posted stronger-than-expected earnings
and revenue growth for the third-quarter. ICU shares jumped 5.7% in
premarket trading.
Kraft Heinz Co. (KHC) on Thursday reported revenue and profit
dipped in the third quarter, its first quarterly report as a
combined company. Kraft Heinz shares slipped 2.2% in premarket
trading
Men's Wearhouse Inc. (MW) on Thursday warned third-quarter
profit will fall well short of its earlier projections as the
company's move away from buy-one-get-three sales at its Jos. A.
Bank division misfired. Men's Wearhouse shares plunged 38% in
premarket trading.
Monster Beverage Corp.'s (MNST) third-quarter profit rose 44% as
the energy drink maker saw some progress with its distribution
issues. Monster shares increased 8% in premarket trading.
Nvidia Corp.'s (NVDA) profit rose 42% in the October quarter as
the graphics chip maker saw strong demand for gaming and automotive
products. Nvidia also increased its dividend to 11.5 cents from
9.75 cents. Nvidia shares rose 8% in premarket trading.
Shake Shack Inc. (SHAK) on Thursday lifted its annual revenue
outlook again, as sales soared in its third quarter. Shake Shack
shares added 4.2% in premarket trading.
Take-Two Interactive Software Inc. (TTWO) on Thursday raised its
annual guidance as the videogame publisher posted
better-than-expected results for the latest quarter on continued
growth among its most popular franchises. Take-Two shares gained
4.4% in premarket trading.
TripAdvisor Inc. (TRIP) on Thursday reported
weaker-than-expected profit growth in its third quarter as expenses
continued to soar. TripAdvisor shares fell 10% in premarket
trading.
Online car-shopping site TrueCar Inc.'s (TRUE) third-quarter
loss narrowed on higher revenue, leading the company to raise its
projections for the year. TrueCar shares surged 12% in premarket
trading.
Valeant Pharmaceuticals International Inc. (VRX) said Goldman
Sachs Group Inc. sold on Thursday 1.3 million shares that had been
used as collateral for loans extended to its embattled chief
executive, Michael Pearson. Mr. Pearson said in a news release that
"it was not my desire that shares be sold now." Valeant shares
gained 3.5% in premarket trading.
Weight Watchers International Inc. (WTW) on Thursday raised its
2016 guidance and posted better-than-expected results for the third
quarter despite continued declines in subscribers. The company's
stock more than doubled in value since media mogul Oprah Winfrey
took a stake in the company and joined its board. Weight Watchers
shares jumped more than 20% in premarket trading.
Wingstop Inc. (WING) on Thursday raised its projections for the
year as third-quarter results beat Wall Street projections. It was
the company's second reporting period following its June initial
public offering and its first quarter operating as a public
company. Wingstop rose 4.8% in premarket trading.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 06, 2015 09:33 ET (14:33 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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