U.S. Hot Stocks: Hot Stocks to Watch
February 10 2016 - 9:43AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are First Data Corp. (FDC), JetBlue Airways
Corp. (JBLU) and Time Warner Inc. (TWX).
First Data, which went public in October, reported Tuesday that
it swung to a loss in the final quarter of the year on debt
extinguishment and one-time IPO-related charges, though revenue
continued to grow more than expected. Shares were 8.1% higher at
$12 in premarket trading.
JetBlue Airways reported Wednesday that passenger traffic
climbed 11.7% in January from the same period a year ago. Shares
rose 0.5% to $20.18 premarket.
Time Warner offered an upbeat forecast for the year after
topping earnings expectations in its fourth quarter, thanks to
lower costs and continued gains in its HBO segment. However,
revenue fell short of estimates. Shares fell 6.98% to $58.80
premarket.
Staples Inc. (SPLS) said Wednesday that it received European
Union approval to buy Office Depot Inc. (ODP), as the merger of
office supply giants continues to face pushback from U.S. antitrust
regulators. Staples shares rose 3.45% to $8.69 premarket, and
Office Depot was up 2.54% to $5.04.
Owens Corning (OC) said profit soared in its fourth quarter,
easily beating Wall Street forecasts, as the company saw sales grow
in its insulation and roofing business.
Akamai Technologies Inc. (AKAM) on Tuesday reported lower
fourth-quarter profit, weighed down by costs tied to its
network-building push, and disclosed an organizational shakeup to
focus operations on its web and media business. In the latest
period, revenue from its media delivery segment declined 1.8%.
Anadarko Petroleum Corp. (APC) slashed its quarterly dividend by
81% to 5 cents, the latest company to cut payouts to stockholders
amid an oil rut. The move will save the company about $450 million
a year.
Computer Sciences Corp. (CSC), which recently spun off its
public-sector business, on Tuesday said it swung to a profit in its
latest quarter, though revenue fell more than expected.
Walt Disney Co. (DIS) on Tuesday reported the highest quarterly
earnings in its history as the success of the latest installment of
"Star Wars" offset continued woes at its ESPN sports network.
Canada's Algonquin Power & Utilities Corp. has struck a $2.4
billion cash deal to buy Empire District Electric Co. (EDE). The
deal, which is expected to close in the first quarter of 2017,
would expand Algonquin's regulated utility footprint in the Midwest
and shift its business mix to regulated utility operations.
Panera Bread Co. (PNRA) on Tuesday reported a sales uptick in
the December quarter, bolstered by higher prices, and said it
expected sales growth to continue this year.
SolarCity Corp. (SCTY) on Tuesday acknowledged it continues to
miss installation goals, even as it reported better-than-expected
results for its fourth quarter.
Nutritional supplement maker Usana Health Sciences Inc. (USNA)
on Tuesday gave weak projections for the year, following
fourth-quarter results that missed Wall Street projections.
Western Union Co. (WU) on Tuesday reported a 4.2% decline in
fourth-quarter profit and projected that currency rates will
continue to hurt results in 2016.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
February 10, 2016 09:28 ET (14:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Time Warner (NYSE:TWX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Time Warner (NYSE:TWX)
Historical Stock Chart
From Apr 2023 to Apr 2024