U.S. Hot Stocks: Hot Stocks to Watch
April 19 2016 - 9:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Philip Morris International Inc. (PM),
Johnson & Johnson (JNJ) and Harley-Davidson Inc. (HOG).
Philip Morris International Inc. boosted its profit forecast for
the year as it sees currency headwinds waning, as the cigarette
giant Tuesday reported weaker-than-expected first-quarter results.
Shares were down 2.09% to $98.50 in premarket trading.
Johnson & Johnson raised its guidance for the year as the
health-care giant beat earnings expectations in the first quarter
despite foreign exchange rates dragging revenue growth. Shares were
up 0.29% to $111.25 premarket.
Harley-Davidson Inc. said profit fell less than expected in the
first quarter, buoyed by higher motorcycle sales that the company
attributed to newer products and a ramped-up marketing campaign.
Shares were up 2.77% to $48.25 premarket.
Goldman Sachs Group Inc. (GS) said its quarterly earnings
tumbled as rocky markets weighed on many of the firm's main
businesses. Shares fell 1.03% to $157.38 premarket.
UnitedHealth Group Inc. (UNH) on Tuesday raised its guidance for
the year as the biggest U.S. health insurer revised its estimates
on income taxes and amortization and reported better-than-expected
earnings in the first quarter. Shares rose 1.64% to $129.90
premarket.
TD Ameritrade Holding Corp. (AMTD) said Tuesday that its
second-quarter profit climbed 8.5%, in line with Wall Street's
estimates, as revenue at the brokerage rose amid increased client
trading activity. Shares fell 0.16% to $31.60 premarket.
Rambus Inc. (RMBS) reported lower revenue and profit in the
first quarter and projects revenue below Wall Street estimates for
the current period. Rambus expects second-quarter revenue of $72
million to $77 million, while analysts polled by Thomson Reuters
expect $79 million.
Nordstrom Inc. (JWN), which faces headwinds as it competes
online with retailers such as Amazon.com, said Monday that it would
cut 350 to 400 jobs in an effort to "ensure it is best positioned
to respond to the current business environment." The job cuts would
represent less than 1% of the company's 72,500 employees and would
mostly be focused at Nordstrom's corporate center and regional
support teams.
Celanese Corp. (CE) said Monday that it posted
better-than-expected adjusted profit during its first quarter, in
part due to a 4.2% rise in sales from its total materials solutions
business. Though total revenue for the quarter declined, the top
line exceeded the expectations of Wall Street.
Allegheny Technologies Inc. (ATI) said its plans to reduce the
salaried work force in its flat rolled products business by a
third, or more than 250 positions, by the end of the current
quarter.
Write to Chris Wack at chris.wack@wsj.com or Ezequiel Minaya at
Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
April 19, 2016 09:22 ET (13:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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