US HOT STOCK FUTURES: HOT STOCKS TO WATCH
07/09/2012| 09:10am US/Eastern
Among the companies with shares expected to actively trade in Monday's session are Amerigroup Corp. (>> AMERIGROUP Corporation), WellPoint Inc. (>> WellPoint, Inc.), Sirius XM Radio Inc. (>> Sirius XM Radio Inc) and FX Alliance Inc. (>> FX Alliance Inc).
Health-benefits provider WellPoint agreed to acquire the managed-care company Amerigroup in a roughly $4.46 billion cash deal in an effort to expand its presence in the Medicaid space. Amerigroup holders will receive $92 a share, a 43% premium to Friday's closing price. Amerigroup shares trading 38% higher premarket at $89.07, while WellPoint shares were trading about 4% higher at $62.30.
Sirius XM raised its full-year revenue and subscriber growth guidance as the satellite-radio operator continues to expand its subscriber base. Sirius XM now expects revenue of $3.4 billion for the year, up from the $3.3 billion it projected in May. The company also expects to grow net new subscribers by 1.6 million, versus its earlier prediction of 1.5 million new subscribers. Shares were up 3.9% premarket to $2.13.
Thomson Reuters Corp. (>> Thomson Reuters Corporation) has agreed to buy electronic currencies trading platform FX Alliance in a move that will see the two trading platforms merge to create a trading venue where the largest banks in the space will interact with corporate clients and high-frequency traders. Thomson Reuters will acquire all of FX Alliance for $22 a share in cash and the deal is expected to close in the third quarter of this year. FX Alliance shares were trading 39% higher at $21.90 premarket.
Youku Inc. (>> Youku Inc (ADR)) signed a multiple-year agreement with NBCUniversal International Television Distribution for the video-on-demand rights in China to NBCUniversal's feature films. The films will be available for on-demand viewing through Youku Premium. The China Internet television company's shares traded at $21.30 premarket, up 5%.
Boeing Co. (>> The Boeing Company) received a firm order for 60 737 Max 8 and 15 737 Max 9 airplanes from Air Lease Corp. (>> Air Lease Corp). The order, with a list-price value of $7.2 billion, represents the first 737 Max order by a leasing company. Air Lease expects to take its first Max in 2018. Boeing shares up 1.4% at $74.70 premarket.
Yahoo Inc. (>> Yahoo! Inc.) and Facebook Inc. (>> Facebook Inc) have reached a settlement ending patent litigation between the firms, drawing an end to a nasty but ultimately short-lived dispute that had roiled Silicon Valley. The agreement is intended to further expand partnership ties between the firms that predate the litigation, and doesn't involve any payments. Facebook shares trading 1.4% higher at $32.18, while Yahoo shares were up 12 cents to $15.90.
AT&T Inc. (T) said about 7,000 core wireline employees have failed to ratify a one-year contract extension and said it will continue to work with their union to reach an agreement. Shares were trading at $35.40 premarket, up four cents.
Baker Hughes Inc. (>> Baker Hughes Incorporated) said the number of drilling rigs actively exploring or developing oil in June rose 4.5% from May and for the first time since 1990 the global count included Iraq, which helped offset the month-to-month decline in U.S. rigs. The oilfield-services company said the world-wide rig count rose to 3,484 in June from 3,335 rigs in May, and increased 7% from 3,257 rigs a year earlier.
Box Ships Inc. (>> Box Ships Inc) said it is withdrawing its public offering of 700,000 units, which was part of an effort to finance the acquisition of two containerships. The Athens shipping company, which specializes in transporting containers, didn't give a reason for withdrawing the offering, which consisted of preferred shares and warrants. The company wasn't immediately available for comment.
Campbell Soup Co. (>> Campbell Soup Company) agreed to acquire natural-foods company Bolthouse Farms from Madison Dearborn Partners LLC for about $1.55 billion, expanding the Campbell's presence in the growing packaged fresh-foods category.
Johnson & Johnson's (>> Johnson & Johnson) Janssen unit said the U.S. Food and Drug Administration has assigned a priority review designation to its supplemental new drug applications filed in May for its anticoagulant Xarelto. The priority review status means the drug will likely be reviewed in six months rather than the standard 10. Janssen also said it is withdrawing its supplemental new drug application for Xarelto's use in reducing the risk of stent thrombosis in patients with acute coronary syndrome, and plans to resubmit this later.
Commodity supply chain company MFC Industrial Ltd. (>> MFC Industrial Ltd) agreed to take over Compton Petroleum Corp. (CMT.T) in a deal worth $33 million Canadian dollars (US$32.3 million) in an effort to expand its commodities platform. MFC Industrial agreed to pay $1.25 for each of Compton's 26.4 million shares outstanding. Compton is a developer and producer of natural gas, natural gas liquids and crude oil in Canada.
NiSource Inc. (>> NiSource Inc.) agreed to two joint ventures with private oil and gas exploration company Hilcorp Energy to support natural gas production and to develop the hydrocarbon potential in the Utica Shale region of northeast Ohio and western Pennsylvania. NiSource and Hilcorp will construct new gathering pipeline infrastructure and natural gas liquids processing facilities to support natural gas production. The first phase of the venture's investment program, amounting to about $300 million, is planned for later this year.
Qlik Technologies Inc. (>> Qlik Technologies Inc) cut its second-quarter revenue guidance, citing challenging macroeconomic conditions, especially in Europe. The software company now expects second-quarter revenue of $84 million to $86 million, down from its April estimate of $91 million to $96 million. Qlik also cut the high end of its earnings guidance by a penny, now projecting per-share earnings of one to two cents.
Southwest Airlines Co.'s (>> Southwest Airlines Co.) June traffic stayed flat from a year ago, moderating after three straight months of year-over-year declines. The airline said its capacity eased 0.7% in June from a year earlier and its load factor, or the percentage of seats filled, edged up to 84.4% from 83.9%. Southwest estimated that passenger revenue per available seat mile rose 6% during June.
Spectrum Pharmaceuticals Inc. (>> Spectrum Pharmaceuticals, Inc.) has again extended its tender offer for fellow biopharmaceutical company Allos Therapeutics Inc. (>> Allos Therapeutics, Inc.), so that the companies can continue cooperating with the Federal Trade Commission. It also said the European Commission has recommended against the approval of Allos's peripheral T-cell lymphoma treatment Folotyn.
Stryker Corp. (>> Stryker Corporation) has voluntarily recalled two metal devices used in hip implant surgeries, citing risks associated with corrosion.
Write to Melodie Warner at email@example.com
Stocks mentioned in the article : AMERIGROUP Corporation
, Stryker Corporation
, Spectrum Pharmaceuticals, Inc.
, Sirius XM Radio Inc
, Qlik Technologies Inc
, NiSource Inc.
, MFC Industrial Ltd
, Box Ships Inc
, Youku Inc (ADR)
, Yahoo! Inc.
, WellPoint, Inc.
, Thomson Reuters Corporation
, Millipore Corporation
, Southwest Airlines Co.
, Baker Hughes Incorporated
, The Boeing Company
, Allos Therapeutics, Inc.
, Air Lease Corp
, Johnson & Johnson
, FX Alliance Inc
, Facebook Inc
, Campbell Soup Company