U.S. Hot Stocks: Hot Stocks to Watch
April 05 2016 - 9:40AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Pfizer Inc. (PFE), Allergan PLC (AGN) and
Walgreens Boots Alliance Inc. (WBA).
The Treasury Department imposed tough new curbs on corporate
inversions Monday, shocking Wall Street and throwing into doubt the
$150 billion merger between Pfizer Inc. and Allergan PLC, which was
on track to be the biggest deal of its kind. Shares of Allegran
shares fell 19.06% to $224.65 in premarket trading. Pfizer shares
rose 2.28% to $31.40.
Walgreens Boots Alliance Inc. said profit declined in its latest
quarter as the largest pharmacy chain in the U.S. came up against a
tough comparison, though sales increased 14% and the company bumped
up full-year guidance. Shares fell 1.4% to $85.10 premarket.
Valeant Pharmaceuticals International Inc. (VRX) announced the
ad hoc committee of the board of directors believes that its review
of various Philidor and related accounting matters is complete, and
hasn't identified any additional items that would require
restatements beyond those required by matters previously disclosed.
Shares rose 12.68% to $29.42 premarket.
The husband-and-wife team running Marvell Technology Group Ltd.
(MRVL) resigned Tuesday, a month after an audit-committee
investigation identified "tone at the top" issues that lead to a
number of accounting problems. Shares rose 15.49% to $11.11
premarket.
Darden Restaurants Inc. (DRI) said the activist investor that
led the revolt on its board is stepping down as chairman after the
operator of Olive Garden and LongHorn Steakhouse posted
better-than-expected third-quarter results and boosted its outlook
for the year. Shares fell 0.1% to $67.30 premarket.
Twitter Inc. (TWTR) has won the rights to stream the National
Football League's Thursday night games online, the league said
Tuesday. Shares rose 2.81$ to $17.57 premarket.
Tesla Motors Inc. (TSLA) said its first-quarter global sales
rose to a less than forecast 14,820 vehicles, up 50% over a year
earlier but crimped by supplier shortages and what the company said
was its own "hubris." Shares fell 3.59% to $238.13 premarket.
Walt Disney Co. (DIS) Chief Operating Officer Tom Staggs, the
heir apparent to the chief executive post, will step down May 6.
Chief Executive Robert Iger, 65 years old, intends to retire in
June 2018. Shares fell 2.06% to $96.65 premarket.
Dominion Resources Inc. (D) plans to raise about $750 million
through a stock offering. The Virginia-based utility company said
it plans to sell 10.2 million shares and use the proceeds for
general corporate purposes, including its planned $4.4 billion
acquisition of Questar Corp.
DCP Midstream LLC, a joint venture of Phillips 66 (PSX) and
Spectra Energy Corp. (SE), eliminated 300 jobs and cut capital
spending to $250 million as part of a cost-cutting push amid
sharply lower energy prices. Its master limited partnership, DCP
Midstream Partners LP trades on the New York Stock Exchange under
the ticker symbol (DPM).
Home Depot Inc. (HD) Chief Executive Craig Menear received $11.6
million in total compensation for 2015, up 14% from the year
earlier, according to a regulatory filing.
Microchip Technology Inc. (MCHP) on Monday said it expected
sales and profit from recently acquired Atmel Corp. to be
"significantly lower" in its latest quarter than the preceding
one.
National Instruments Corp. (NATI) on Monday lowered its
first-quarter financial guidance, citing weakness in the industrial
economy and a "marked slowdown" in wireless-related semiconductor
accounts.
United Continental Holdings Inc. (UAL) has reached tentative
agreements with its nearly 30,000 ground workers. No details were
released on the proposed labor pacts, which are subject to
ratification by union members. Mediated talks continue with its
flight attendants and mechanics.
World Wrestling Entertainment Inc. (WWE) on Monday reported WWE
Network total subscribers rose 39% to 1.8 million while paid
subscribers rose 11% to 1.5 million.
Write to Maria Armental at maria.armental@wsj.com or Chris Wack
at chris.wack@wsj.com
(END) Dow Jones Newswires
April 05, 2016 09:25 ET (13:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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