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US HOT STOCK FUTURES: HOT STOCKS TO WATCH

05/25/2012 | 09:05am US/Eastern
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Among the companies with shares expected to actively trade in Friday's session are Frontline Ltd. (FRO), VeriFone Systems Inc. (>> VeriFone Systems Inc) and Talbots Inc. (>> The Talbots, Inc.).

Frontline Ltd.'s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag supply. But the results topped estimates, and the company, which recently undertook a restructuring effort, said it expects its second-quarter results to be better than the first. Shares were up 8% in premarket trading to $5.38.

VeriFone's fiscal second-quarter earnings fell 43% as restructuring and acquisition-related costs continued to overshadow stronger revenue and better-than-expected core profit. Shares sank 8% to $41.38 premarket as guidance estimates were mostly below Wall Street expectations.

Talbots said its exclusivity agreement with Sycamore Partners has expired without the companies agreeing to a takeover deal at this time. The struggling women's apparel retailer and the private equity firm entered the agreement earlier this month after Sycamore Partners made a sweetened offer that valued Talbots at about $215 million. Shares slid 22% to $2 in premarket trading.

Dell Inc. (>> Dell Inc.) is in talks to buy Quest Software Inc. (>> Quest Software, Inc.), Bloomberg reported, citing people with knowledge of the matter. Bloomberg said Dell is among several companies that made offers for Quest Software after it agreed in March to be bought by private equity and venture capital firm Insight Venture Partners for about $2 billion. Shares of Quest Software jumped 3.5% to $26.05 premarket.

SemTech Corp.'s (>> Semtech Corporation) first-quarter earnings slid 90% as expenses and a purchase accounting adjustment related to the chip maker's acquisition of Gennum Corp. weighed on margins and bottom-line results. But Williams Financial upgraded its stock-investment rating on SemTech to buy from hold saying while the results were below consensus, the quarter was "fairly strong." Shares rose 3.8% to $24.60 premarket.

Delcath Systems Inc. (>> Delcath Systems, Inc.) said it plans to sell shares of its common stock and warrants to purchase shares to raise funds to develop and commercialize the specialty pharmaceutical and medical device developer's products, as well as for working capital. Shares slumped 24% to $1.80 premarket.

New York Mortgage Trust Inc. (>> New York Mortgage Trust, Inc.) plans to sell 4 million shares to raise funds to acquire assets, including commercial and residential mortgage backed securities, and for other purposes. Shares fell 5.5% to $6.55 premarket.

Rosetta Genomics Ltd. (>> Rosetta Genomics Ltd. (USA)) agreed to sell 570,755 shares to investors at a 29% discount to its Thursday closing price. The molecular diagnostics firm's shares fell 7% to $15.15 premarket, above the $11.50 offering price.

 
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America's Car-Mart Inc.'s (>> America's Car-Mart, Inc.) fiscal fourth-quarter profit jumped 15% as the used-car seller recorded stronger volume and selling prices. Earnings topped analyst expectations.

AOL. Inc. (>> AOL, Inc.) urged shareholders to vote for its slate of board nominees, saying activist investor Starboard Value LP's nominees lack a long-term strategy or relevant industry experience.

Bazaarvoice Inc. (BV) agreed to acquire privately held rival PowerReviews Inc. in a cash and stock deal valued at $151.9 million, including options, that will expand the branding and marketing information company's client base among small-to-medium sized retailers. The company also reported preliminary fourth-quarter revenue that topped analyst expectations.

Bunge Ltd.'s (>> Bunge Limited) board approved a 8% increase in the grain-processing company's quarterly dividend, the latest in a series of companies to make shareholder-friendly moves.

Exchange operator CME Group Inc. (>> CME Group Inc.) declared a five-for-one stock split, as the company said it hoped a lower share price would appeal to "a broader, more diverse mix of investor portfolios."

Delphi Automotive PLC (>> Delphi Automotive PLC) made a binding offer to acquire FCI Group's motorized vehicles division in a deal valued at EUR765 million, or $972 million, that will strengthen the parts maker's connector product portfolio. The deal is expected to be accretive to the company's 2013 earnings.

Dish Network Corp.'s (>> DISH Network Corp.) standoff with broadcasters over its new ad-skipping technology turned into a legal battle Thursday as the parties filed lawsuits against each other.

Standard & Poor's Ratings Services upgraded El Paso Pipeline Partners L.P. (>> El Paso Pipeline Partners, L.P.) into investment grade territory, citing the company's growing size and asset diversity.

Mentor Graphics Corp. (>> Mentor Graphics Corp) swung to a fiscal first-quarter profit as the chip-design software company saw its margins improve on broadly higher demand.

Rue21 Inc.'s (>> rue21, inc.) fiscal first-quarter earnings rose 21% as the value-oriented teen-apparel retailer continued to record strong sales growth.

Sealed Air Corp. (>> Sealed Air Corp) appointed Carlisle Cos. (CSL) executive Carol P. Lowe as its new chief financial officer, starting next month.

A U.S. District judge for the Eastern District of Pennsylvania found former USA Technologies Inc. (>> USA Technologies, Inc.) director Bradley Tirpak violated a nondisparagement-contractual provision in his attempted proxy battle against the company.

Watson Pharmaceuticals Inc. (WPI) confirmed Thursday it has filed an application with the U.S. Food and Drug Administration to market a generic version of Auxilium Pharmaceuticals Inc.'s (AUXL) Testim 1% gel, a testosterone replacement therapy.

 
   -Edited By Corrie Driebusch and Nathalie Tadena, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com 

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