U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
08/02/2012| 01:17am US/Eastern
Among the companies with shares expected to actively trade in Thursday's session are First Solar Inc. (>> First Solar, Inc.), Aeropostale Inc. (>> Aeropostale, Inc.) and Halozyme Therapeutics Inc. (>> Halozyme Therapeutics, Inc.).
First Solar said it will boost production to meet rising demand, despite a glut in the global solar-panel market, and the company's second-quarter profit jumped 82%. Shares soared 17% to $17.33 premarket as results topped analyst expectations by a wide margin and as the company raised its full-year guidance.
Aeropostale Inc. (>> Aeropostale, Inc.) lowered its second-quarter guidance as the youth-focused apparel retailer's sales growth missed targets and comparable-store sales, which include its Internet business, were essentially flat. Shares slumped 28% to $13.94 premarket.
Baxter International Inc. (>> Baxter International Inc.) confirmed receiving a complete response letter from the U.S. Food and Drug Administration related to its investigational product HyQ, which is in development with Halozyme, after saying in April the agency was seeking additional information. Halozyme shares tumbled 56% to $3.72 premarket.
Abercrombie & Fitch Co. (>> Abercrombie & Fitch Co.) projected sharply disappointing earnings for the fiscal second quarter and lowered its outlook for the year based on softer-than-expected sales trends. Baird lowered its stock-investment rating on the teen-apparel retailer to neutral and slashed its price target. "We believe weakness is more than just the economy and can no longer justify a 'free pass' on continued execution errors," the firm said. Shares sank 16% to $29.40 premarket.
American Eagle Outfitters Inc. (>> American Eagle Outfitters) raised its second-quarter earnings outlook, citing stronger-than-expected sales as it reined in discounts. Shares were up 4.1% to $21.16 premarket.
Bristol-Myers Squibb Co. (>> Bristol Myers Squibb Co.) has suspended its study of a drug intended to treat liver disease hepatitis C after a patient suffered heart failure. Shares slid 5.1% to $33.80 premarket.
DirecTV Group Inc.'s (>> DIRECTV) second-quarter earnings edged up as the satellite television provider added a record number of net subscribers in its Latin America business, which saw double-digit revenue growth. Shares were off 6.2% to $47 premarket as earnings missed consensus estimates.
Green Mountain Coffee Roasters Inc.'s (>> Green Mountain Coffee Roasters Inc.) fiscal third-quarter income rose 30%, as the company posted stronger sales of its K-cup coffee and tea portion packs, but margins continued to contract over softer-than-anticipated demand. Shares rose 9.9% to $19.69 premarket as the company outlined a plan to better predict sales, an area where it had fallen short in the past.
Knight Capital Group Inc. (>> Knight Capital Group Inc.) said electronic-trading glitches in its system that caused price swings in dozens of stocks this week are likely to cost the brokerage firm $440 million. Shares sank 57% to $3 in premarket trading.
Lear Corp.'s (>> Lear Corporation) second-quarter profit dropped 18% as North America surpassed Europe as the auto-parts supplier's largest market amid a double-digit drop in European revenue. Shares rose 5% to $37.50 premarket as results topped analyst expectations.
LivePerson Inc.'s (>> LivePerson, Inc.) second-quarter earnings dropped 94% as accounting and legal costs weighed on the company's bottom-line results. Shares fell 6% to $16.86 after hours as the company also lowered its full-year guidance. Shares sank 13% to $15.62 premarket.
Monster Worldwide Inc.'s (>> Monster Worldwide, Inc.) second-quarter revenue fell more than analysts had expected, sending shares down 7.2% to $6.60 premarket.
Sealed Air Corp. (>> Sealed Air Corp) swung to a second-quarter loss as the maker of Bubble booked more charges tied to an acquisition, which accounted for most of the company's revenue growth. Shares fell 9.8% to $14.25 premarket as results missed analyst expectations the company lowered its earnings outlook for the year.
SM Energy Co.'s (>> SM Energy Co.) second-quarter profit fell 80% as the oil-and-gas company's operating expenses rose and revenue fell. Results missed analyst expectations, sending shares down 9% to $43.05 premarket.
Teradata Corp.'s (>> Teradata Corporation) second-quarter earnings rose 8.7% as the data-storage provider booked double-digit revenue growth on improved sales of its products and services. Shares rose 4.8% to $69.30 premarket on the better-than-expected results and the company's raised earnings forecast.
United Online Inc. (>> United Online, Inc.) said its board approved a preliminary plan to split the company into two independent, publicly traded firms, spinning off its much larger flowers business about four years after acquiring it. Shares were up 16% to $4.86 premarket.
Weight Watchers International Inc.'s (>> Weight Watchers International, Inc.) second-quarter earnings fell 11% as the provider of weight-loss services reported that revenue growth at its Internet business largely was offset by lower sales at its meeting business in North America and the U.K. Shares 5.8% to $6.70 premarket as revenue missed expectations and the company cut its 2012 earnings guidance.
Yelp Inc.'s (>> Yelp Inc) second-quarter loss widened as the local-reviews website saw surging expenses continue to outpace better-than-expected revenue. Shares jumped 6.3% to $20 premarket after the company boosted its full-year guidance and posted an upbeat forecast for third-quarter revenue.
Apache Corp.'s (>> Apache Corporation) second-quarter profit sank 72% as revenue declined and the exploration-and-production company booked a $480 million write-down on its Canada oil and gas properties amid historically low natural gas prices. Results missed expectations.
Avis Budget Group Inc.'s (>> Avis Budget Group Inc.) second-quarter profit rose 52% as the car-rental company's top line jumped sharply, aided by the acquisition of Avis Europe and stronger domestic volume. Shares jumped 6.4% to $15 after hours as the company's adjusted profit sharply topped Wall Street's expectations, though sales growth was a bit lighter than forecast.
Boardwalk Pipeline Partners L.P. (>> Boardwalk Pipeline Partners, LP) intends to offer 10.5 million shares, planning to use the proceeds to pay down debt and for other general corporate purposes.
Clorox Co.'s (>> The Clorox Company) fiscal fourth-quarter earnings increased 3% as the consumer products company's revenue improved, though cost pressures continued to weigh on margins.
General Motors Co. (>> General Motors Company) reported a 41% decline in its net income but still managed to beat analyst expectations as slower vehicle sales in Europe eroded the bottom line.
Hartford Financial Services Group Inc. (>> The Hartford Financial Services Grup Inc) swung to a second-quarter loss amid $587 million in charges related to the retirement of debt it had issued to a German insurer.
Kellogg Co.'s (K) second-quarter earnings fell 12%, due in part to integration charges, as the cereal maker's international sales declined.
Lincoln National Corp.'s (>> Lincoln National Corporation) second-quarter earnings rose 6.6% as the life-insurance and annuity company posted stronger results in its annuity business.
MetLife Inc.'s (>> Metlife Inc) second-quarter earnings more than doubled as the life insurer reported its gains from derivatives soared, and its operating profit improved modestly.
MDU Resources Group Inc.'s (>> MDU Resources Group Inc) second-quarter earnings rose 20% as the reversal of an arbitration charge boosted the oil and natural-gas producer's bottom-line results and as revenue improved.
Murphy Oil Corp.'s (>> Murphy Oil Corporation) second-quarter earnings fell 5.2% as the oil-and-gas producer saw oil and natural gas prices drop, weakening the company's revenue.
Moody's lowered Navistar International Corp.'s (>> Navistar International Corp) rating one notch further into junk territory, noting the truck maker faces several challenges as it begins to employ a pollution-reduction method for its engines that is already used by the rest of the industry.
Second-quarter results from Prudential Financial Inc. (>> Prudential Financial Inc) missed analyst estimates on Wednesday as profit at its U.S. operations declined.
Solta Medical Inc. (>> Solta Medical Inc) plans to offer an undisclosed number of shares, as it seeks to raise funds for general corporate purposes.
Tesoro Corp.'s (>> Tesoro Corporation) second-quarter earnings improved 78% as the independent refiner's gross refining margin improved and its expenses decreased. Results beat Wall Street expectations.
Time Warner Cable Inc.'s (>> Time Warner Cable Inc) second-quarter profit rose 7.6% as the cable provider's revenue was boosted by growth in its high-speed services segment, but the company continued to lose video subscribers.
Transocean Ltd. (RIG, RIGN.VX) swung to a second-quarter loss as contingencies for the Deepwater Horizon oil spill in the U.S. Gulf of Mexico weighed on the offshore oil-driller's results, though revenue improved.
Trimble Navigation Ltd. (>> Trimble Navigation Limited) reported second-quarter earnings that were flat from a year earlier as expenses rose, but the global-positioning-system company reported better-than-expected revenue growth and core profits.
Walter Energy Inc.'s (WLT, WLT.T) second-quarter profit fell 72% as the coal producer was affected by lower selling prices, though sales of steelmaking coal grew.
Williams Cos.'s (>> Williams Companies, Inc.) second-quarter earnings fell 42%, while midstream and interstate gas-pipeline asset-holder Williams Partners LP's (>> Williams Partners L.P.) profit decreased 43%--the latest companies to feel the effects of weaker natural-gas-liquids margins.
Willis Group Holdings PLC's (>> Willis Group Holdings PLC) second-quarter earnings rose 27% on fewer charges and a special gain, masking a decline in revenue.
Zumiez Inc.'s (>> Zumiez Inc.) July same-store sales grew 7.5%, but fell short of Street expectations.
-Write to Nathalie Tadena at email@example.com
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Stocks mentioned in the article : First Solar, Inc.
, MDU Resources Group Inc
, Sealed Air Corp
, Metlife Inc
, Murphy Oil Corporation
, Monster Worldwide, Inc.
, Navistar International Corp
, Prudential Financial Inc
, Solta Medical Inc
, SM Energy Co.
, Williams Partners L.P.
, Willis Group Holdings PLC
, Weight Watchers International, Inc.
, Yelp Inc
, Williams Companies, Inc.
, United Online, Inc.
, Teradata Corporation
, Trimble Navigation Limited
, Tesoro Corporation
, Time Warner Cable Inc
, Zumiez Inc.
, American Eagle Outfitters
, Baxter International Inc.
, Bristol Myers Squibb Co.
, Boardwalk Pipeline Partners, LP
, Abercrombie & Fitch Co.
, Apache Corporation
, Aeropostale, Inc.
, Avis Budget Group Inc.
, The Hartford Financial Services Grup Inc
, Knight Capital Group Inc.
, Lear Corporation
, Lincoln National Corporation
, LivePerson, Inc.
, Halozyme Therapeutics, Inc.
, Green Mountain Coffee Roasters Inc.
, The Clorox Company
, General Motors Company