U.S. Hot Stocks: Hot Stocks to Watch
October 13 2015 - 9:39AM
Dow Jones News
By Maria Armental
Among the companies with shares expected to trade actively in
Tuesday's session are Johnson & Johnson (JNJ), Calpine Corp.
(CPN) and Dollar Tree Inc. (DLTR).
Pharmaceutical giant Johnson & Johnson on Tuesday unveiled a
plan to adjust its capital structure, buying back up to $10 billion
of its shares and issuing debt. J&J also said profit dropped in
its latest quarter as adverse exchange rates hit revenue. Shares
fell 1.84% to $94.22 in premarket trading.
Calpine Corp. agreed to acquire a New Hampshire power plant from
from Granite Ridge Holdings LLC for $500 million, expanding its
presence in New England's wholesale electricity market. Shares were
untraded premarket.
Discount-chain Dollar Tree Inc. said Tuesday that it would
rebrand stores that it has operated under the Deals store banner, a
move that comes as the company integrates Family Dollar stores.
Shares rose 0.40% to $63.30 premarket.
Yadkin Financial Corp. (YDKN) said Tuesday that it agreed to
acquire Newbridge Bancorp (NBBC) for about $456 million in stock,
strengthening its position as the largest community bank in North
Carolina. Yadkin shares rose 7.24% to $24.44 premarket, while
Newbridge shares rose 14.54% to $10.16 premarket.
Fastenal Co. (FAST) on Tuesday posted earnings that edged up
2.4% in the latest quarter, and sales rose to just below Wall
Street expectations as the downturn in oil continued to weigh on
results. Shares fell 0.80% to $38.50 premarket.
Solera Holdings Inc. (SLH) said Tuesday that antitrust
regulators have given early clearance for the insurance software
provider to be taken over by Vista Equity Partners.
Chesapeake Energy Corp. (CHK) said board director R. Brad Martin
was appointed nonexecutive chairman, succeeding Archie W. Dunham,
who will become chairman emeritus.
FMC Corp. (FMC) on Monday cut again its profit projections for
the year, citing the steep devaluation of the Brazilian real, and
said it would eliminate 800 to 850 jobs.
Ryder System Inc. (R) on Monday cut its profit projections for
the year, citing a temporary issue in its fleet-management segment
and lower-than-expected U.S. sales of used power vehicles.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 13, 2015 09:24 ET (13:24 GMT)
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