U.S. Hot Stocks: Hot Stocks to Watch
December 10 2015 - 9:50AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are Ciena Corp. (CIEN), Visteon Corp. (VC) and
LoJack Corp. (LOJN).
Telecom-equipment maker Ciena Corp. posted a downbeat revenue
forecast but narrowed its loss as the company continues to adapt to
cloud-based and mobile-based networking demands. Shares fell 11.86%
to $21.25 in premarket trading.
Visteon Corp. said Thursday its board declared a $1.75 billion
special cash distribution and authorized another $500 million of
stock buybacks. Shares rose 2.07% to $121.28 premarket.
CalAmp Corp. (CAMP) on Thursday went public with its $113
million offer for LoJack Corp., after unsuccessfully pursuing the
maker of car theft-recovery systems for nearly two years. Shares of
CalAmp rose 2.69% to $19.06 premarket. Shares of LoJack rose 47.34%
to $5.12 premarket.
ConocoPhillips (COP) estimated capital expenditures of $7.7
billion for next year, a 25% decline from the reduced levels the
oil major expects to spend for 2015. Shares fell 0.45% to $48.25
premarket.
Stryker Corp. (SYK) said Monday it would raise its quarterly
dividend to 38 cents a share from 34.5 cents a share.
Yum Brands Inc. (YUM) on Thursday offered up a few financial
targets for its business ahead of the split off of its struggling
China division next year.
Kite Pharma Inc. (KITE) said Thursday an underwritten public
offering of 3.6 million shares of its common stock will be priced
to the public at $69 a share.
American Superconductor Corp. (AMSC) raised its guidance for the
current quarter following better-than-expected revenue in its wind
business.
Athenahealth Inc. (ATHN) projected 2016 earnings that beat Wall
Street expectations and said it plans to scale its operations to
improve its margins.
Chevron Corp. (CVX) projected capital spending plans for 2016 of
$26.6 billion, which the oil giant said is 24% below expected
capital and exploratory spending this year.
First Solar Inc. (FSLR) on Wednesday gave lackluster projections
for the upcoming fiscal year.
Men's Wearhouse Inc. (MW) warned on Wednesday it may miss its
profit projection for the year if Jos. A. Bank sales don't pick up
during the holiday season. The company swung to a third-quarter
loss as it booked a $90.1 million charge to adjust the trademark
value of the struggling chain.
Write to Chris Wack at chris.wack@wsj.com and Maria Armental at
maria.armental@wsj.com
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Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
December 10, 2015 09:35 ET (14:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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