U.S. Hot Stocks: Hot Stocks to Watch
October 01 2015 - 8:44AM
Dow Jones News
By Chris Wack
Among the companies with shares expected to trade actively in
Thursday's session are McCormick & Co. (MKC), FXCM Inc. (FXCM)
and ConAgra Foods Inc. (CAG).
ConAgra said Thursday that it would cut about 1,500 jobs and
relocate its headquarters as part of a cost-reduction plan as the
company is pressured by an activist firm and the packaged-food
business experiences broad tumult. Shares were flat at $40.51 in
premarket trading
Hewlett-Packard Co.'s (HPQ) board approved the computer giant's
previously announced plan to split onto two companies, the company
said Thursday. Shares were flat at $25.61 premarket.
McCormick on Thursday reported its profit fell in its latest
quarter as currency impacts and weak results in its India business
dented the spice maker's earnings, damping the outlook for the
year. Shares fell 3.61% to $79.21 premarket.
Dave & Buster's Entertainment Inc. (PLAY) said it would
raise about $255 million in a secondary offering, as some of the
arcade and restaurant chain's shareholders look to cash in on a
stock that is sitting near its all-time high. Shares rose 1.51% to
$38.40 premarket.
Teva Pharmaceutical Industries Ltd. (TEVA) agreed to acquire
Representaciones & Investigaciones Medicas SA, or Rimsa, for
$2.3 billion, expanding the Israel-based drugmaker's presence in
Mexico. Shares rose 1.58% to $57.35 premarket.
Foreign-exchange broker FXCM said Thursday that a cybersecurity
breach led to a "small number" of unauthorized wire transfers from
customers' accounts.
BioMarin Pharmaceutical Inc. (BMRN) said Thursday that it has
bought the global rights from Merck & Co. to its oral drug to
treat genetic disorder Phenylketonuria, or PKU, a move to increase
its international market for the medicine.
Write to Chris Wack at chris.wack@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 01, 2015 09:29 ET (13:29 GMT)
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