U.S. Hot Stocks: Hot Stocks to Watch
November 17 2015 - 8:46AM
Dow Jones News
By Maria Armental
Among the companies with shares expected to trade actively in
Tuesday's session are Houlihan Lokey Inc. (HLI), Marathon Petroleum
Corp. (MPC) and General Electric Co. (GE).
Marathon Petroleum on Tuesday boosted its one-time cash
consideration for MarkWest Energy Partners LP again as it looks to
seal the deal. Marathon Petroleum shares were untraded in premarket
trading.
Nexstar Broadcasting Group Inc. (NXST) said Tuesday that it had
reached a deal to buy four West Virginia television stations from
West Virginia Media Holdings LLC in a deal worth $130 million.
Shares were untraded premarket.
General Electric has completed its spinoff of consumer finance
business Synchrony Financial, following a share exchange that was
more than thee times oversubscribed and marking GE's latest move to
dismantle its financial services unit. Shares rose 1.78% to $30.90
premarket.
Boutique investment bank Houlihan Lokey said Tuesday it has
acquired the investment banking operations of Leonardo & Co. NV
in Germany, the Netherlands and Spain, and has become a minority
partner in a joint venture with Leonardo in operations in Italy.
Shares were untraded premarket.
Dick's Sporting Goods Inc. (DKS) slashed its guidance Tuesday
and said profit slumped 4.1% in the latest quarter as sales barely
improved at its namesake locations and declines continued at Golf
Galaxy. Shares fell 16.3% to $34.16 premarket.
Kohl's Corp. (KSS) said Tuesday Sona Chawla will join the
retailer in the newly created chief operating officer position.
Angie's List (ANGI) said Tuesday that it won't pursue an
unsolicited buyout offer from IAC/InterActiveCorp. because it
undervalued the company, which wants an opportunity to develop and
enact a new growth plan before considering any potential
mergers.
Agilent Technologies Inc. (A) issued guidance below analysts'
expectations as the testing-equipment company reported that revenue
fell 0.8% in the latest quarter.
Insurance giant American International Group Inc. (AIG) on
Monday said its board has amended its bylaws to let some
shareholders nominate directors, joining a growing list of big
companies making similar moves.
Internet-radio giant Pandora Media Inc. said Monday it has
agreed to acquire about $75 million in assets from Rdio, a San
Francisco-based subscription music service that has filed for
bankrutcy protection.
Urban Outfitters Inc. (URBN) on Monday reported sales that
missed Wall Street estimates in the third quarter, even as profit
and margins improved.
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
November 17, 2015 09:31 ET (14:31 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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