U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

06/19/2012| 06:45am US/Eastern

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Among the companies with shares expected to actively trade in Tuesday's session are Oracle Corp. (>> Oracle Corporation), J.C. Penney Co. (>> J.C. Penney Company, Inc.) and IHS Inc. (>> IHS Inc.).

Oracle reported its fourth-quarter profit increased 7.5%, a surprise announcement three days ahead of schedule that appeared to be triggered by the departure of a top sales executive. Oracle shares were up 3.5% to $28.08 after hours.

J.C. Penney said its president, Michael R. Francis, is leaving the company, effective Monday, after eight months at the retailer. Shares slipped 5.5% to $23 after hours.

IHS's fiscal second-quarter earnings rose 11% as the market-research firm saw subscription revenue boost results. Shares sank 3.9% to $101.75 after hours, as the company disclosed that selling stockholders plan to sell 8 million shares of IHS stock.

A U.S. district court sided with video-ringtone company Vringo Inc. (>> Vringo, Inc.) regarding four out of six issues in an ongoing patent case it has against a handful of major companies. Shares jumped 12% to $4.49 after hours.

HCP Inc. (>> HCP, Inc.), a real-estate investment trust focused on health-care facilities, said it agreed to sell 7.8 million shares to Citigroup Inc. (C), using the proceeds to repay debt and for general corporate needs. Shares were off 3.3% to $42.19 after hours.

Pebblebrook Hotel Trust (>> Pebblebrook Hotel Trust) said it will offer 4.5 million shares of its stock, looking to use the proceeds for general corporate needs, which may include acquiring and investing in hotel properties. Shares slipped 2.4% to $22.04 after hours.

Western Gas Partners LP (WES), which transports and gathers natural gas for its parent Anadarko Petroleum Corp. (APC), said it will offer 5 million of its units, using the funds raised for general corporate needs. Shares slid 3.6% to $43.79 after hours.

 
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DCP Midstream Partners LP (>> DCP Midstream Partners, LP) has agreed to acquire a processing plant and gathering system from Penn Virginia Resource Partners LP (>> Penn Virginia Resource Partners L P) for approximately $63 million, as DCP Midstream looks to increase its market position in East Texas.

Hancock Holding Co. (>> Hancock Holding Company) said it started a cash tender offer for up to $75 million of its 5.875% subordinated notes due 2017, as the lender sought to lighten its borrowing burden.

KKR & Co. L.P. (>> KKR & Co. L.P.) has expanded into the fund-of-hedge-funds business by acquiring Prisma Capital Partners LP, which managed $7.8 billion of assets as of April 1.

Marriott International Inc. (MAR) said it is on track to have 4,000 hotels in 90 countries by 2014, including 100 hotels expected in China.

Microsoft Corp. (>> Microsoft Corporation) on Monday unveiled the first tablet computer it has ever made, a sign of the new tactics the company is taking as it tries to make up lost ground in the markets for tablets and smartphones.

Pep Boys-Manny Moe & Jack (>> The Pep Boys - Manny, Moe & Jack) said its chief financial officer, Ray Arthur, is resigning to pursue another business opportunity and said it will conduct a national search for his replacement.

The U.S. Food and Drug Administration refused to approve a Pfizer Inc. (>> Pfizer Inc.) experimental drug to treat a rare genetic disorder that affects the nervous system, requesting the completion of a second study involving the drug.

Standard & Poor's Ratings Services raised its outlook on Ross Stores Inc. (>> Ross Stores, Inc.) to positive from stable, as it expects the discount retailer to maintain its positive sales momentum.

-Write to Nathalie Tadena at nathalie.tadena@dowjones.com

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