U.S. Hot Stocks: Hot Stocks to Watch
September 08 2016 - 9:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Supervalu Inc. (SVU), Navistar International
Corp. (NAV) and Science Applications International Corp.
(SAIC).
Supermarket chain Supervalu Inc. cut its profit guidance for the
year, citing softer-than-expected results in its traditional and
discount grocery segments. Shares fell 8.23% to $5.02 in premarket
trading.
Navistar International Corp. posted a greater loss and its
revenue decreased in its third quarter as the company continued to
face declining heavy duty truck sales. Shares fell 3.26% to $18.40
premarket.
Defense contractor Science Applications International Corp.
posted better-than-anticipated profit in the latest quarter and
robust bookings, though revenue slipped unexpectedly. Shares rose
3.12% to $67.75 premarket.
Guidewire Software Inc. (GWRE) said it expects profit to
contract this year, well below analysts' projections, as it ramps
up spending to add a line of business.
Hewlett Packard Enterprise Co. (HPE) on Wednesday announced an
$8.8 billion deal to spin off and merge its software operations
with Britain's Micro Focus International PLC, the latest move by
the Silicon Valley giant to narrow its business focus. Under the
deal, HP Enterprise shareholders are expected to end up with Micro
Focus shares currently valued at about $6.3 billion. Micro Focus
will pay HP Enterprise $2.5 billion in cash.
Honeywell International Inc.'s (HON) shareholders will receive a
stake in AdvanSix next month, as part of Honeywell's spinoff of the
$1.3 billion resins and chemicals business. Honeywell shareholders
of record as of 5 p.m. ET on Sept. 16 will receive 25 AdvanSix
shares on Oct. 1.
Intel Corp. (INTC) agreed to sell a majority stake in its
computer-security unit to private-equity firm TPG, partly reversing
a five-year-old acquisition that has largely proved disappointing.
The business, recently called Intel Security, will use the McAfee
name originally associated with it.
Home-furnishing retailer Pier 1 Imports Inc. (PIR) on Wednesday
said its chief executive will leave the company at the end of the
year and reported weaker-than-expected preliminary results for the
second quarter.
Tailored Brands Inc. (TLRD), formerly known as Men's Wearhouse,
reported results for its latest quarter that were better than
analysts projected.
Tractor Supply Co. (TSCO) on Wednesday cut further its financial
estimates for the year, saying that weakness in the agricultural
and energy sectors is weighing on consumer spending in many of the
rural communities that the retailer serves.
Williams Cos. (WMB) took measures to simplify its structure and
reduce commodity exposure by consolidating to three operating areas
from five. Financial reporting under the new structure is expected
to take effect in early January, Williams said.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
September 08, 2016 09:22 ET (13:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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