U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
12/06/2012| 08:57am US/Eastern
Among the companies with shares expected to actively trade in Thursday's session are Zynga Inc. (>> Zynga Inc), Men's Wearhouse Inc. (>> The Men's Wearhouse, Inc.) and Vera Bradley Inc. (>> Vera Bradley, Inc.).
Zynga took its first official step toward offering real-money gambling games in the U.S. by filing preparatory paperwork in Nevada. Many investors and analysts expect real-money games to boost the prospects of a firm that has seen its fortunes wane recently, though the U.S. regulatory environment for such games is still a major question mark. Shares rose 6% to $2.46 premarket.
Men's Wearhouse reported a 22% jump in third-quarter profit, but lowered its guidance for the year and said same-store sales in the U.S. and Canada fell last month. Shares dropped 11% to $27.83 premarket.
Vera Bradley's fiscal third-quarter earnings climbed 37%, though shares fell 9.2% to $23.80 premarket as the company predicted a disappointing fourth quarter and lowered its full-year revenue expectations.
Titan Machinery Inc.'s (>> Titan Machinery Inc.) fiscal third-quarter profit rose 9.9% as the agricultural and construction-equipment retailer easily exceeded revenue expectations for the quarter. Shares rose 7.2% to $24.80 premarket.
Align Technology Inc. (>> Align Technology, Inc.) said it is cutting jobs and shuffling management, adding it fourth-quarter profit and revenue at the lower end of its previous downbeat guidance. Shares were down 4.4% to $25 premarket.
Finisar Corp.'s (>> Finisar Corporation) fiscal second-quarter earnings fell 95% as the telecommunication-equipment provider reported weaker revenue and margins. However, shares rose 5%, to $14, premarket, as the company reported that sales improved from its fiscal first quarter and that it made progress in controlling its operating costs.
BHP Billiton (>> BHP Billiton Limited) is considering a cash bid for U.S. metallurgical coal producer Walter Energy Inc. (>> Walter Energy, Inc.) at $55 share, Britain's Daily Mail newspaper reported, without citing a source for the information. Walter shares jumped 6.6% to $33.75 in premarket trade. Rumors of a takeover have circled the company for more than a year, with BHP frequently named as a possible suitor. A spokeswoman at BHP's Melbourne headquarters said the report was "market speculation" and declined to comment further.
Ascena Retail Group Inc.'s (>> Ascena Retail Group Inc) fiscal first-quarter income fell 9.3% as the women's apparel retailer saw increased costs wipe away sharply higher revenue. Adjusted earnings beat estimates
Used-electronics seller TechForward Inc. said a federal court in California has awarded it $27 million in damages after finding that Best Buy Co. (>> Best Buy Co., Inc.) misused its trade secrets.
Broadcom Corp. (>> Broadcom Corporation) raised the lower end of its fourth-quarter revenue guidance and improved its margin outlook, as the chip maker cited slightly better-than-expected revenue in its mobile and wireless business.
Chevron Corp. (>> Chevron Corporation) said Wednesday it would spend $36.7 billion in capital projects in 2013, up 12% from 2012, an increase partially due to rising costs in a mammoth liquefied natural gas project in Australia.
Citrix Systems Inc. (>> Citrix Systems, Inc.) has agreed to purchase mobile device management company Zenprise Inc., a move that allows the software company to offer a comprehensive product line for managing mobile devices, applications and data.
Derma Sciences Inc. (>> Derma Sciences, Inc.) intends to offer shares of its common stock, but didn't say how much. The medical device and pharmaceutical company had about 13 million shares outstanding as of Nov. 8.
Delcath Systems Inc. (>> Delcath Systems, Inc.) said it is seeking Food and Drug Administration approval for a narrower use than initially anticipated for a new liver cancer drug, based on FDA guidance.
Emulex Corp. (>> Emulex Corporation) said it will acquire networking-products company Endace Ltd. (>> Endace Limited) for about $130 million, a move the networking and storage company said will place it another high-margin, high-growth market.
Standard & Poor's said it will add personal-navigation devices maker Garmin to its S&P 500 index, replacing printing company R.R. Donnelley & Sons Co. (>> R.R. Donnelley & Sons Company).
KAR Auction Services Inc. (>> KAR Auction Services Inc) said an offering of 13.5 million of its shares priced at a 3.5% discount to its Wednesday close.
Memorial Production Partners LP (>> Memorial Production Partners LP) is offering 10.5 million units representing limited partner interests as the company looks to raise funds for a pending acquisition of oil and natural gas properties.
Pacific Premier Bancorp Inc. (>> Pacific Premier Bancorp, Inc.) plans to offer about $30 million of its common stock and will use proceeds for general corporate purposes. The Southern California bank recently had a market capitalization of $106 million, according to FactSet Research.
PRGX Global Inc. (>> PRGX Global Inc) announced an offering of 6.2 million of its shares priced at $6.39 a piece, matching its Wednesday close.
Roadrunner Transportation Systems Inc. (>> Roadrunner Transportation Services Hold.) has launched an offering of 3.5 million shares. The transportation and logistics services provider is offering 3.4 million shares, while a selling stockholder is offering the remaining 100,000 shares. The company had about 31 million shares outstanding as of Nov. 7.
SAIC Inc. (>> SAIC, Inc.) swung to fiscal third-quarter profit as the government-services contractor benefited from sales growth and lower overhead expenses and the year-earlier period included a large provision related to its the CityTime contract.
Select Income REIT (>> Select Income REIT) said its upsized offering of 7 million shares priced at a slight discount to its Wednesday close.
Sigma Designs Inc.'s (>> Sigma Designs Inc) fiscal third-quarter loss narrowed as an acquisition boosted the chip manufacturer's revenue and as a significant write-down hurt year-earlier results.
Stryker Corp.'s (>> Stryker Corporation) board has increased its quarterly dividend by 25% and authorized an additional $405 million in share repurchases, as the medical-device maker looks to boost shareholder returns.
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Stocks mentioned in the article : Zynga Inc
, Sigma Designs Inc
, Roadrunner Transportation Services Hold.
, R.R. Donnelley & Sons Company
, PRGX Global Inc
, Pacific Premier Bancorp, Inc.
, The Men's Wearhouse, Inc.
, Memorial Production Partners LP
, KAR Auction Services Inc
, SAIC, Inc.
, Walter Energy, Inc.
, Vera Bradley, Inc.
, Titan Machinery Inc.
, Stryker Corporation
, Select Income REIT
, Finisar Corporation
, BHP Billiton Limited
, Best Buy Co., Inc.
, Ascena Retail Group Inc
, Broadcom Corporation
, Emulex Corporation
, Endace Limited
, Derma Sciences, Inc.
, Delcath Systems, Inc.
, Chevron Corporation
, Citrix Systems, Inc.
, Align Technology, Inc.