U.S. Hot Stocks: Hot Stocks to Watch
April 25 2016 - 8:46AM
Dow Jones News
Among the companies with shares expected to trade actively in
Monday's session are Perrigo Co. (PRGO), Tribune Publishing Co.
(TPUB) and Xerox Corp. (XRX).
Perrigo Chief Executive Joseph Papa has resigned his post, the
company said, and people familiar with the matter said Perrigo has
released him from a noncompete agreement, clearing a path for him
to take over as the next chief of Valeant Pharmaceuticals
International Inc. (VRX). Perrigo shares fell 12% to $106.98
premarket, while shares of Valeant rose 3.1% to $37.10.
Gannett Co. (GCI) on Monday proposed to pay roughly $425 million
for Tribune Publishing, a deal that if accepted and blessed by
regulators would prove a dramatic shift in the U.S. media
landscape. Shares of Tribune jumped 59% to $12.00 in premarket
trading.
Xerox's profit fell 85% in the first quarter, dinged by higher
restructuring charges, as its business remained challenged ahead of
its planned separation. The company's shares fell 6% to $10.50
premarket.
KKR & Co. (KKR) swung to a first-quarter loss amid what it
called a challenging environment with pronounced volatility across
global capital markets. The company's shares fell 4.9% to $14.21
premarket.
First Data Corp. (FDC), which went public in October, reported
Monday that its loss narrowed in the first quarter of the year on
smaller debt-extinguishment and one-time IPO-related charges as the
company reined in its expenses and revenue continued to grow more
than expected.
United Continental Holdings Inc. (UAL) disclosed Friday that
Chief Executive Oscar Munoz had purchased more than $1 million in
stock.
Halliburton Co. (HAL) is delaying the release of its full
first-quarter financial results until next month, amid a looming
April 30 deadline for its merger with Baker Hughes Inc. (BHI) that
has faced stiff regulatory opposition.
Laboratory Corp. of America Holdings (LH) raised its earnings
guidance for the year as it posted acquisition-driven revenue
growth in its latest quarter.
Barron's Watchlist:
Shares of lodging company Marriott International Inc. (MAR)
could rise 30% as it teams up with Starwood Hotels & Resorts
Worldwide Inc. (HOT).
Mohawk Industries Inc. (MHK), the top U.S. flooring company, is
benefiting from a healthy housing sector and a knack for scooping
up smaller players and increasing their profit margins.
Write to Jenny Roth at jenny.roth@wsj.com
(END) Dow Jones Newswires
April 25, 2016 09:31 ET (13:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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