U.S. Hot Stocks: Hot Stocks to Watch
April 20 2016 - 8:45AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are EMC Corp. (EMC), Coca-Cola Co. (KO) and
U.S. Bancorp (USB).
EMC Corp., in the process of being taken private by Dell Inc.,
logged disappointing results in its latest quarter amid an excess
of unfilled orders. Shares rose 2.74% to $26.25 in premarket
trading.
Coca-Cola Co. on Tuesday said revenue and profit declined in its
latest quarter as soda volume was flat amid weakness abroad. Shares
fell 1.55% to $45.88 premarket.
U.S. Bancorp said profit in its latest quarter slipped as the
lender set aside more reserves to cover potential energy loan
losses and booked sharply lower mortgage-banking revenue amid
heightened competition. Shares fell 0.02% to $41.90 premarket.
Dish Network Corp. (DISH) posted surprise profit growth in the
first-quarter, even as revenue grew less than expected and
subscribership declined. Shares rose 2.49% to $48.50 premarket.
St. Jude Medical Inc. (STJ) on Wednesday raised its profit
forecast for 2016 and offered an upbeat view on the current
quarter, as the company reported revenue and earnings that topped
expectations. Shares rose 1.54% to $59.50 premarket.
Hansen Medical Inc. (HNSN) agreed to be acquired by Auris
Surgical Robotics Inc. in a deal with an equity value of roughly
$80 million.
Angie's List (ANGI) swung to an unexpected loss in the first
quarter, hurt by higher spending as the company works to overhaul
its business to a "freemium" model.
Barrett Business Services Inc. (BBSI) said that a forensic
accounting probe concluded that some expenses were shifted between
periods but there was no cumulative effect on pretax income, net
income or earnings per share. The company had said in November that
its workers compensation reserve for the June 2014 quarter was
being reviewed.
Discover Financial Services (DFS) topped first-quarter
expectations as the lender made good on its vow to accelerate loan
growth.
Google Chief Executive Sundar Pichai made $100.5 million in
total compensation in 2015, making him one of the world's
highest-paid executives, while parent company Alphabet Inc. (GOOG)
Executive Chairman Eric E. Schmidt's compensation dropped sharply
to $8 million, according to a regulatory filing. Mr. Schmidt, who
last year received $100.4 million in stock awards, didn't get any
stock awards this year.
Global Payments Inc. (GPN), a processor of credit- and
debit-card payments, will replace GameStop Corp. (GME) in the
S&P 500 index after the close of trading Friday.
Intel Corp. (INTC) plans to cut its global workforce by up to
12,000, or 11%, as the semiconductor giant transitions away from
its computer chips focus. Intel announced the job cuts Tuesday
along with a planned move of its chief financial officer to a new
role overseeing sales, manufacturing and operations and
first-quarter results, which included a lackluster 7.2% increase in
revenue.
Interactive Brokers Group Inc. (IBKR) on Tuesday reported
better-than-expected results for its fiscal first quarter as the
electronic broker benefited from an increase in commission and
execution fees.
Intuitive Surgical Inc.'s (ISRG) fourth-quarter profit rose 41%
amid increased use of its robotic-assisted systems for minimally
invasive surgery.
Lexmark International Inc. (LXK) agreed to be sold to a group of
buyers including China-based Apex Technology Co. and Asia-focused
PAG Asia Capital for $2.54 billion.
Linear Technology Corp. (LLTC) on Tuesday reported lower profit
and revenue in the March quarter amid a weak economic climate but
said that it is seeing signs of improvement.
VMware Inc. (VMW) on Tuesday posted better-than-expected
adjusted profit for its latest quarter and said it plans to buy
back $1.2 billion of its stock by the end of this year.
Yahoo Inc. (YHOO) on Tuesday reported revenue in the March
quarter dropped 18% to $859.4 million, excluding commissions paid
to search partners, the first time that figure has fallen below $1
billion since Chief Executive Marissa Mayer took the reins nearly
four years ago.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
April 20, 2016 09:30 ET (13:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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