U.S. Hot Stocks: Hot Stocks to Watch
November 18 2015 - 9:50AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are Fairchild Semiconductor International Inc.
(FCS), Target Corp. (TGT), and Lowe's Cos. (LOW).
ON Semiconductor (ON) has agreed to acquire fellow chip company
Fairchild Semiconductor for about $2.4 billion in cash, the latest
deal in the consolidating semiconductor space. Shares of Fairchild
Semiconductor rose 9.5% to $19.54 in premarket trading.
Target on Wednesday reported a better-than-expected increase in
third-quarter sales as the retailer's merchandise changes are
paying off, helping to ease concerns over spending heading into the
key holiday shopping season. Shares, however, slipped 1.3% to
$72.00 premarket.
Lowe's reported better-than-expected profit in its third
quarter, with more customers visiting the home improvement
retailer. Shares gained 2.2% to $74.43 premarket.
ConAgra Foods Inc. (CAG), which has responded to mounting
challenges in the food sector with aggressive restructuring this
year, unveiled Wednesday plans to split into two independent public
companies. Shares gained 1.6% to $40 premarket.
Wells Fargo & Co. (WFC) on Tuesday appointed Timothy J.
Sloan as chief operating officer and president, setting him up as a
potential successor to Chief Executive John G. Stumpf.
Jack in the Box Inc.'s (JACK) profit rose 43% in the September
quarter on higher comparable sales as its namesake restaurants and
Qdoba Mexican Grill.
Food-service and uniform provider Aramark Holdings Corp. (ARMK)
said profit jumped in its latest quarter, though sales slipped
10%.
CA Technologies (CA) agreed to repurchase 22 million of its
shares from its largest stockholder, Careal Holding AG, in a deal
valued at roughly $590 million, effectively completing the
company's previous $1 billion stock buyback authorization.
Hertz Global Holdings Inc. (HTZ) said it is targeting $1.17
billion in additional revenue for the three-year period ending in
2020, including $485 million for extras such as navigation system
or child seats.
Depomed Inc. (DEPO) has reached an agreement to buy the U.S. and
Canadian rights to Grunenthal GmbH's pain killer cebranopadol and a
related follow-on compound.
La-Z-Boy Inc.'s (LZB) second-quarter profit rose as the
furniture retailer continued to increase sales and improve its
margins.
Motorola Solutions Inc. (MSI) said its board raised the
communication equipment and services company's quarterly dividend
by 20%.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
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(END) Dow Jones Newswires
November 18, 2015 09:35 ET (14:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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