U.S. Hot Stocks: Hot Stocks to Watch
August 09 2016 - 9:49AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Valeant Pharmaceuticals International Inc.
(VRX), Monster Worldwide Inc. (MWW) and Coach Inc. (COH).
Valeant Pharmaceuticals International Inc. posted a wider loss
in its latest quarter, and the company said it would reorganize,
continuing a push to remake itself as a conventional pharmaceutical
firm. It also affirmed its yearly guidance, easing fears of
triggering a debt-covenant breach. Shares rose 5.75% to $23.74 in
premarket trading.
Dutch recruitment firm Randstad Holding NV said Tuesday it plans
to buy job-search website operator Monster Worldwide Inc. for $429
million, as it continues to expands its services. Monster Worldwide
shares rose 22.38% to $3.39 premarket.
Handbag maker Coach Inc. said sales at existing North American
stores rose at the best clip in four years during its latest
quarter, evidence that it is benefiting from its turnaround
efforts. Still, shares fell 2.9% to $40.25 premarket trading as
total sales fell short of expectations.
Online home-goods retailer Wayfair Inc. (W) posted a
wider-than-expected loss for its most-recent quarter as a 69% rise
in expenses outpaced the 60% increase in sales. Shares fell 13.99%
to $41.50 premarket.
Norwegian Cruise Line Holdings Ltd. cut its 2016 guidance and
gave a disappointing outlook for the current quarter as demand from
North American customers for its European cruises remained soft.
Shares fell 8.26% to $39.41 premarket.
Delta Air Lines Inc. (DAL) Tuesday said it would cancel 250 more
flights as a knock-on effect from a computer outage that caused
havoc to the airline's operations the day before.
Endo International PLC's (ENDP) revenue rose 25% in the second
quarter, boosted by a recent acquisition.
Gap Inc. (GPS) said comparable sales fell a
steeper-than-expected 4% in July on declines at its Banana Republic
and namesake brands.
Hertz Global Holdings Inc. (HTZ) swung to a loss in the June
quarter as it reported its fourth straight revenue decline, driven
by continued weakness in its car-rental business.
ICU Medical Inc. (ICUI) on Monday raised its projections for the
year as the medical-products company reported
stronger-than-expected results for the second quarter.
International Flavors & Fragrances Inc. (IFF) on Monday
reported a higher profit for its June quarter, breaking a string of
declines. The results beat projections.
Online lender LendingClub Corp. (LC) on Monday reported
second-quarter loss widened, driven by an impairment charge related
to its 2014 Springstone Financial acquisition, and said its finance
chief resigned last week to pursue a new opportunity. The
management shift comes three months after the company ousted its
founder and chief executive.
Crane-maker Manitowoc Co. (MTW) on Monday projected a 10% to 12%
revenue decline for the year, compared with its earlier guidance of
revenue being approximately flat, after reporting a 4% revenue
decline in the second quarter, missing estimates. The company said
it will relocate crawler-crane manufacturing operations from
Manitowoc, Wis., to Shady Grove, Pa., seeking to cut costs.
News Corp (NWSA) swung to a profit in the June quarter, helped
by a legal settlement. Book and digital real estate units posted
higher revenue, while newspaper advertising revenue remained
weak.
Rackspace Hosting Inc.'s (RAX) second-quarter profit rose 26%,
though the cloud-computing company released dour revenue guidance
for the current quarter and lowered annual expectations. The
quarterly update follows The Wall Street Journal's report last week
that Rackspace is nearing a sale to a private-equity firm. The
company didn't address the report in its earnings news release.
Chinese internet company Sina Corp. (SINA) on Monday raised its
revenue projection for the year following stronger-than-expected
second-quarter results, bolstered by continued strength at
microblog portal Weibo Corp. (WB)
Twilio Inc.(TWLO), in its first earnings report as a public
company, said second-quarter revenue rose 70% as the number of
active customer accounts rose sharply.
United Continental Holdings Inc. (UAL) on Monday said traffic
rose in July, boosted by a rise in international travel.
WebMD Health Corp.'s (WBMD) second-quarter profit rose 33%, but
the online health-information company posted lower traffic.
Wells Fargo & Co. agreed to buy Analytic Investors LLC, in a
deal that would add $15 billion of assets under management to its
asset-management business. Financial terms weren't disclosed. The
deal is expected to close by October.
Williams Cos. (WMB) and Williams Partners LP (WPZ) agreed to
sell their Canadian operations to Inter Pipeline Ltd. for a total
of 1.35 billion Canadian dollars (US$1.03 billion).
Write to Chris Wack at chris.wack@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
August 09, 2016 09:34 ET (13:34 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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