U.S. Hot Stocks: Hot Stocks to Watch
February 12 2016 - 9:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Ford Motor Co. (F), Interpublic Group of
Cos. (IPG) and Baidu Inc. (BIDU).
Ford Motor Co.'s European new-vehicle sales rose 9% in
January--tripling the industry rise--as the Detroit auto maker
continues to focus on the growing market for sport-utility vehicles
there. Shares were 0.98% higher at $11.28 in premarket trading.
Interpublic Group of Cos. reported a drop in its revenue and
earnings for the final quarter of the year, hurt by currency
challenges and the sales of certain businesses. Shares rose 3.14%
to $21.00 premarket.
Chinese Internet search giant Baidu Inc. said two of its
executives had submitted an offer to acquire subsidiary Qiyi.com
Inc., an online video platform, for an enterprise value of about
$2.8 billion. Shares rose 4.81% to $148.00 premarket.
ITT Corp. (ITT) on Friday reported better-than-expected fourth
quarter profit but offered lackluster earnings and revenue
forecasts for the current year on macro concerns. Shares rose 0.36%
to $30.25 premarket.
American International Group Inc. (AIG) resolved its public
squabble with billionaire investors Carl Icahn and John Paulson
after granting two board seats.
Columbia Sportswear Co.'s (COLM) fourth-quarter profit rose 14%
and the apparel-and-footwear company issued 2016 earnings guidance
above Wall Street estimates.
Pandora Media Inc. (P) on Thursday swung to a loss in its latest
quarter, despite seeing revenue jump 25%, amid higher expenses that
included acquisitions costs.
TripAdvisor Inc. (TRIP) on Thursday reported a core profit that
beat Wall Street expectations for the first time since 2013, as
higher display advertising and subscription sales drove a 7.3%
increase in revenue.
CBS Corp. (CBS) reported stronger-than-expected revenue growth
for the fourth quarter and forecast a strong 2016 in both
advertising and fees from its content distributors.
FireEye Inc. (FEYE) on Thursday reported a wider loss for its
fourth quarter, though revenue continued to surge on demand for its
technology that helps prevent and respond to cyberattacks.
Republic Services Inc. (RSG) said earnings more than tripled in
the fourth quarter, boosted by lower fuel costs and improved
pricing.
Zillow Group Inc. (Z) on Thursday reported a wider loss in the
December quarter as it booked higher charges following the merger
with one-time rival Trulia.
Activision Blizzard Inc. (ATVI) on Thursday turned in a
lackluster report for the holiday quarter, which included a rare
miss on analyst profit forecasts.
Groupon Inc. (GRPN) swung to a loss in the December quarter as
it ramped up spending to attract shoppers to its online
marketplace, targeting an investment payoff by 2017.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
February 12, 2016 09:22 ET (14:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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