U.S. Hot Stocks: Hot Stocks to Watch
December 14 2016 - 9:41AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are Goldman Sachs Group Inc. (GS) and Joy
Global Inc. (JOY).
Goldman Sachs will elevate David Solomon and Harvey Schwartz to
serve as top lieutenants to Chief Executive Lloyd Blankfein,
filling a void left by No. 2 executive Gary Cohn, who is leaving
the bank to join the Trump administration. Shares fell 0.65% to
$237 in premarket trading.
Joy Global, which recently agreed to be acquired by Japan's
Komatsu Ltd., said its fiscal fourth-quarter revenue plunged 24%,
missing analyst expectations, as bookings fell 9%. Joy Global
shares rose 0.29% to $28.13 premarket.
Callon Petroleum Co. (CPE) has agreed to buy roughly 16,000
acres in the Permian Basin in a $615 million cash deal. To help pay
for the deal, Callon is selling up to 39.1 million more shares.
Shares fell 4.66% to $16.59 premarket.
Hertz Global Holdings Inc.'s (HTZ) Chief Executive John Tague
will retire and the company's three longest-serving board members
will step down, a month after disappointing quarterly earnings drew
renewed interest from activist investor Carl Icahn. Shares fell
1.31%to $24.80 premarket.
Johnson & Johnson (JNJ) ended buyout talks for Swiss drug
company Actelion Pharmaceuticals Ltd. after the price got too high,
according to a person familiar with the matter.
Industrial-machinery company Nordson Corp. (NDSN) posted
better-than-expected results for its fiscal fourth quarter, boosted
by a 32% climb in sales for its advanced technology systems
segment.
Tailored Brands Inc. (TLRD), the former Men's Wearhouse, has
hired Gap Inc. veteran Jack Calandra as chief financial officer and
treasurer, the men's suit maker said.
William Ackman's Pershing Square Capital Management LP has cut
further its stake in Valeant Pharmaceuticals International Inc.
(VRX) to help generate a tax loss for investors.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
December 14, 2016 09:26 ET (14:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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