U.S. Hot Stocks: Hot Stocks to Watch
August 25 2016 - 9:45AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Medtronic PLC (MDT), Signet Jewelers Ltd.
(SIG) and Sears Holdings Corp. (SHLD).
Medtronic PLC said sales fell in the latest period across most
of its segments, though the medical device maker's profit grew
thanks to lower expenses, including a lower tax burden. Shares fell
2.71% to $84.30 in premarket trading.
Signet Jewelers Ltd. said sales at its stores open at least a
year unexpectedly fell for the first time in more than six years
amid concerns that the jeweler has been swapping expensive diamonds
for lesser-quality stones. Shares fell 9.69% to $86.25
premarket.
Sears Holdings Corp. reported improved core earnings in the
latest period helped in part by lower costs, though it still
recorded a loss amid sliding sales. Shares fell 1.36% to $14.50
premarket.
Mylan NV (MYL) responded Thursday to backlash over price
increases for its EpiPen emergency allergy treatment by promising
to reduce the costs that some patients pay, though the drugmaker
stopped short of saying it would roll back prices or limit future
increases. Shares rose 2.18% to $44.09 premarket.
Dollar General Corp. (DLTR) reported weaker-than-expected sales
growth hurt by declining traffic, signaling that discount retailers
are also vulnerable to the trend of dwindling consumer spending in
brick-and-mortar stores.
Tiffany & Co. (TIF) said weaker spending by tourists in the
U.S.--especially from China--and weak demand in Asia remain big
challenges, leading second quarter same-store sales lower.
Allegheny Technologies Inc. (ATI) will idle a Utah plant that
makes a key material used in its titanium products by year's end
and consolidate some titanium operations in Oregon. ATI said it
would book about $4.89 a share in charges, the bulk of it in the
third quarter, and estimated the moves would boost operating profit
by roughly $50 million a year starting in 2017.
Amgen Inc. (AMGN) said Wednesday that U.S. health regulators
have rejected its new drug application for its therapy for a
hormonal imbalance common in patients on dialysis.
Guess Inc. (GES) on Wednesday offered an optimistic profit view
for the year as the apparel maker's restructuring efforts begin to
pay off, though it signaled sales would improve at a
slower-than-expected pace.
HP Inc.'s (HPQ) revenue and profit shrank in the most recent
quarter, but revenue from its personal-computer business, the
company's largest revenue source, was flat after five quarters of
declines.
Monster Worldwide Inc. (MWW) on Wednesday affirmed its support
for a $429 million sale to Dutch recruitment firm Randstad Holding
NV and criticized MediaNews Group Inc.'s opposition to the
deal.
Retail apparel giant PVH Corp.(PVH), whose brands include Calvin
Klein and Tommy Hilfiger, on Wednesday raised its projections for
the year on strong second-quarter results as international sales
helped offset weaker retail demand in the U.S.
Williams-Sonoma Inc. (WSM) trimmed annual guidance Wednesday for
sales and profit with Chief Executive Laura Alber saying the
home-goods retailer was feeling the effects of "a more cautious
consumer."
Business software provider Workday Inc. (WDAY) on Wednesday
reported revenue rose more than a third, but its quarterly loss
widened more than expected on rising expenses.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
August 25, 2016 09:30 ET (13:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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