U.S. Hot Stocks: Hot Stocks to Watch
September 03 2015 - 9:48AM
Dow Jones News
By Chris Wack and Maria Armental
Among the companies with shares expected to trade actively in
Thursday's session are Boeing Co. (BA), Lands' End Inc. (LE) and
Medtronic PLC (MDT).
Boeing Co. has finalized an order with U.K. airliner Jet2.com
for 27 Next Generation 737-800s, to be delivered over the next two
years. Shares rose 0.86% to $131.75 in premarket trading.
Lands' End Inc. said sales slid 10% in its second quarter as the
retailer saw declines across all its markets and products. Shares
were flat at $26.12 premarket.
Medtronic PLC reported on Thursday that revenue rose 12% in its
latest quarter, helped by its recent acquisition of Covidien PLC.
Shares rose 0.63% to $72.00 premarket.
AOL, recently acquired by Verizon Communications Inc. (VZ), has
agreed to buy Millennial Media Inc. (MM) for about $250 million, a
move to grow its app monetization services. Shares of Verizon
Communications rose 0.44% to $45.55 premarket, while shares of
Millennial Media rose 29.48% to $1.74 premarket.
Campbell Soup Co. (CPB) on Thursday offered earnings guidance
for its newly started fiscal year that mostly exceeded Wall Street
expectations, though profit and revenue for its latest quarter met
consensus views. Shares rose 0.48% to $48.00 premarket.
Joy Global Inc. (JOY) on Thursday reported worse-than-expected
profit and revenue for its latest quarter as weak demand for
commodities continues to batter the mining-equipment maker.
Telecom-equipment maker Ciena Corp. (CIEN) said profit in its
latest quarter jumped, though revenue unexpectedly edged lower
because of certain customers' network-implementation timing.
L Brands Inc. (LB) said Thursday that its August sales rose from
the previous year, with same-store sales topping Wall Street
forecasts.
Five Below Inc. (FIVE) on Wednesday gave muted guidance for the
current quarter, as earnings fell and sales for the August period
came in at the low end of projections due to receipt delays and a
new marketing strategy.
Hillenbrand Inc. (HI) has agreed to buy Abel Pumps from Roper
Technologies Inc. (ROP) for EUR95 million ($107 million.)
Lannett Company Inc. (LCI) has agreed to buy UCB SA's Kremers
Urban Pharmaceuticals Inc. for $1.23 billion. The deal, with tax
benefits expected to top $100 million, also calls for potential
contingency payments under sales and timing thresholds. Lannett
said it expects the deal to close in the fourth quarter.
LogMeIn Inc. (LOGM) on Wednesday said its board has approved a
succession plan that will have William Wagner succeed co-founder
Michael Simon as chief executive at the end of the year.
Oxford Industries Inc. (OXM) swung to a second-quarter loss
largely tied to the Ben Sherman business, which it sold in
July.
Planet Fitness Inc. (PLNT) said its second-quarter earnings rose
26% in its first financial report since its initial public offering
last month. The company also issued guidance for 2015 that beats
analysts' expectations.
Mortgage insurer PMI Group said Wednesday that Blackstone Group
LP has made an investment of an undisclosed size in the
company.
Write to Chris Wack at chris.wack@wsj.com and Maria Armental at
maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 03, 2015 09:33 ET (13:33 GMT)
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