U.S. Hot Stocks: Hot Stocks to Watch
November 22 2016 - 9:44AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Dollar Tree Inc. (DLTR), Medtronic PLC (MDT),
and Burlington Stores Inc. (BURL).
Dollar Tree provided upbeat top- and bottom-line guidance for
the current quarter even as sales rose less than it anticipated in
the latest period. Shares rose 8.2% to $88.75 in premarket
trading.
Medtronic on Tuesday said revenue growth lagged behind
expectations in the latest quarter while customers waited for new
product releases, and the company signaled some of that
sluggishness could linger. Shares of Medtronic fell 7.5% to $74.52
premarket.
Burlington Stores reported better-than-expected same-store sales
in the latest period as revenue topped views, bucking the trend of
retailers reporting disappointing results. Shares of the retailer
improved 8.5% to $80.49 premarket.
Palo Alto Networks Inc.'s (PANW) revenue jumped in the latest
quarter, but the growth was its slowest pace as a public company
and the cybersecurity company projected the deceleration would
continue this quarter. The company's shares dropped 11% to $143.40
premarket.
Signet Jewelers Ltd. (SIG) gave an upbeat forecast for earnings
in during the holiday quarter as the jeweler posted a
better-than-expected profit in the latest period, though sales
weakness persists. Shares were up 9.1% at $97.00 premarket.
Barnes & Noble Inc. (BKS) hopes you'll want to snap up more
books now that the election is over. The company, which improved
its bottom line amid cost cuts, posted another quarter of falling
sales and this time blamed the results on a heated race for the
White House.
China's flash sale e-commerce Vipshop (VIPS) tumbled 4.9% in
after-hours trading Monday after reporting disappointing
third-quarter earnings. Shares were down 7.9% at $13.05 premarket
Tuesday.
Analog Devices Inc. (ADI) said posted revenue and profit gains
in its latest quarter.
Campbell Soup Co. (CPB) said Tuesday that its profit rose above
expectations as it continues to work on fixing its struggling fresh
food business.
Dr Pepper Snapple Group Inc. (DPS) on Tuesday said it agreed to
buy Bai Brands LLC, the maker of low-calorie, coffee-fruit drinks,
for $1.7 billion, as consumers continue to turn away from
traditional sodas.
Amazon.com Inc. (AMZN) is exploring an ambitious push to
infiltrate the last bastion of traditional pay-television: live
sports.
Hormel Foods Corp. (HRL) said profit climbed in the latest
quarter thanks to solid performance from refrigerated foods
products and higher demand for its Jennie-O Turkey Store brand.
Chinese internet company Sina Corp.'s (SINA) quarterly profit
surged in the most recent period, driven by more than $100 million
in investment gains and continued strength at microblog portal
Weibo Corp.
DSW Inc. (DSW) raised its outlook for the year and said efforts
to improve cost management and reinvigorate sales are taking
hold.
Write to Jenny Roth at jenny.roth@wsj.com
(END) Dow Jones Newswires
November 22, 2016 09:29 ET (14:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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