U.S. Hot Stocks: Hot Stocks to Watch
January 13 2016 - 9:41AM
Dow Jones News
Among the companies with shares expected to trade actively in
Wednesday's session are MetLife Inc. (MET), General Motors Co.
(GM), and Ford Motor Co. (F).
MetLife Inc. plans to sell a large piece of its U.S.
life-insurance unit as part of a plan to ease some of the capital
burden it is expected to face under new federal regulations, the
company said. Under the plan, the company would spin off, sell or
take public a business that has been at its core for decades:
selling life insurance and other financial products to individuals
and families across the U.S. Shares of MetLife gained 7.2% to
$45.00 in premarket trading.
General Motors Co. will boost a stock-repurchase plan it
announced last year by 80% to $9 billion and extend the program
through 2017, a move that comes as the auto maker expects continued
earnings growth amid record U.S. volumes and moderate global
industry growth. Shares of General Motors rose 4.5% to $31.65
premarket.
Ford Motor Co., expecting to post record 2015 pretax profit,
declared a supplemental dividend of $1 billion Tuesday that it will
pay to shareholders on top of its regular first-quarter dividend.
Shares of Ford slipped 1.6% to $12.65 premarket.
Atmel Corp. (ATML), which agreed in September to sell itself to
Dialog Semiconductor PLC, said an unsolicited offer from Microchip
Technology Inc. (MCHP) constitutes a "superior proposal," extending
the bidding war for the chipmaker. Shares of Atmel rose 4% to $8.00
premarket.
A U.S. health advisory panel has recommended the approval of an
implant to treat opioid addiction being developed by Titan
Pharmaceuticals Inc. (TTNP) and Braeburn Pharmaceuticals. Shares of
Titan jumped 30% to $3.91 premarket.
BorgWarner Inc. (BWA) said Wednesday it sees double-digit sales
growth in 2016 as the auto-parts maker expects a major boon from
its acquisition of Remy International.
Tractor Supply Co. (TSCO) said results for the recently-ended
fourth quarter will come in below Wall Street expectations and
forecast a tough current quarter, after unusually warm winter
weather dented sales of cold-weather goods.
CSX Corp. (CSX) said Tuesday that its fourth-quarter revenue
fell by 13% as lower coal volumes, which has hurt the entire
railroad sector, continued to weigh on the rail giant.
Intuitive Surgical Inc. (ISRG) projected fourth-quarter revenue
that beat expectations on continued growth in the use of its da
Vinci robotic systems for minimally invasive surgery.
Arena Pharmaceuticals Inc. (ARNA) and German drugmaker
Boehringer Ingelheim GmbH agreed to collaborate on research to find
treatments for psychiatric diseases in a deal that could generate
up to $262 million in milestone payments for the San Diego drug
developer.
Device maker St. Jude Medical Inc. (STJ) said fourth-quarter
earnings would match expectations though revenue would fall
slightly short amid weakness in its cardiac rhythm segment.
Stryker Corp. (SYK) on Tuesday raised its profit guidance for
the recently completed year, pointing to sales that came in at the
high end of expectations and the suspension of the medical device
excise tax.
Canadian broadcasting and media giant Corus Entertainment Inc.
(CJR.B.T) said Wednesday it has agreed to buy the broadcasting unit
of Shaw Communications Inc. (SJR) for 2.65 billion Canadian dollars
(about $1.86 billion) in cash and stock.
Supervalu Inc. (SVU) on Wednesday reported profits that were
in-line with analyst expectations but still posted a decline in
revenue in all three of its business segments as it faces a
challenging middle-ground grocery environment.
Yum Brands Inc. (YUM), which plans to split off its China unit,
on Tuesday said sales at restaurants open for at least a year in
that country rose an estimated 1% in December, reversing the
previous month's decline.
Teen retailer Aéropostale Inc. (ARO) said Tuesday that it plans
to eliminate about 100 jobs as part of a cost-cutting effort that
targets $35 million to $40 million a year in savings before
taxes.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
January 13, 2016 09:26 ET (14:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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