Hot Stocks to Watch in the U.S. and Canada
February 17 2017 - 9:41AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Kraft Heinz Co. (KHC), Unilever PLC (UL), and
Deere & Co. (DE).
Kraft Heinz has made a $143 billion takeover approach to U.K
consumer products giant Unilever, a move that would bring together
some of the best-known consumer-facing brands in the world.
Unilever shares jumped 11% to $47.15 in premarket trading, while
shares of Kraft Heinz were up 4.4% at $91.20.
Farm-equipment supplier Deere said its earnings and sales fell
in the most recent quarter as the company continued to cope with
soft demand. Although the company still expects agriculture and
construction sales to be down industry wide, Deere projected 3%
revenue growth for its agriculture & turf segment and 7% growth
in its construction and forestry business for the fiscal year.
Shares rose 3.2% to $112.75 premarket.
General Mills Inc. (GIS) on Friday cut its already-downbeat
sales and earnings forecast for its current year on
weaker-than-expected U.S. yogurt and soup sales, further
underscoring the company's challenges with soft consumer demand.
Shares of General Mills dropped 4.5% to $58.80 premarket.
Car pricing and information website TrueCar Inc. (TRUE) beat
Wall Street's fourth-quarter estimates on both the top and bottom
lines as it gave a full-year revenue forecast above consensus.
Spectra Energy Corp. (SE) reported a surprise decline in
operating revenue in the latest quarter and profit missed Wall
Street's expectations amid steep declines in its Western Canada
transmission and processing business.
Write to Jenny Roth at jenny.roth@wsj.com
(END) Dow Jones Newswires
February 17, 2017 09:26 ET (14:26 GMT)
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