U.S. Hot Stocks: Hot Stocks to Watch
January 15 2016 - 9:42AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are BlackRock Inc. (BLK), Regions Financial Corp.
(RF) and U.S. Bancorp (USB).
BlackRock Inc. said Friday that profit in its latest quarter
rose, as the world's largest money manager benefited from higher
inflows during a volatile end of the year. Shares fell 3.23% to
$300.00 a share in premarket trading.
Regions Financial Corp. said profit grew in its latest quarter
as it cut expenses and increased fee-based income. Shares fell
2.51% to $8.15 premarket.
U.S. Bancorp reported better-than-expected results in its latest
quarter as lending and deposits grew and card revenue jumped.
Shares fell 3.08% to $38.70 premarket.
Merck & Co. (MRK) on Friday said it had agreed to pay more
than $830 million to settle a lawsuit filed by shareholders who
argued that the company had misled them by playing down data
regarding the former painkiller Vioxx. Shares fell 2.51% to $50.50
premarket.
Fastenal Co. (FAST) on Friday reported its profit dipped 5.5% as
the company terminated its manufacturing venture in Brazil and
settled several unrelated disputes in the most recent quarter.
Shares fell 3.82% to $37.75 premarket.
Heron Therapeutics Inc. (HRTX) on Friday said the U.S. Food and
Drug Administration hasn't completed reviewing its long-acting
granisetron treatment for the prevention of chemotherapy-induced
nausea and vomiting. Shares fell 13.74% to $20.03 premarket.
Chip maker Analog Devices Inc. (ADI) on Thursday cut its
first-quarter revenue projection citing weaker-than-expected demand
in the company's portable consumer business unit.
Bank of New York Mellon Corp. (BK) will take a roughly $105
million charge in the fourth quarter tied to a loan at the center
of legal proceedings against now bankrupt Sentinel Management
Group.
Fastenal Co.'s (FAST) board has raised the company's quarterly
dividend to 30 cents a share, a two-cent increase. The yield is
3.1%.
Goldman Sachs Group Inc. (GS) will pay more than $5 billion to
settle civil claims stemming from the sale of mortgage bonds before
the financial crisis. Goldman said the agreement will cut its
fourth-quarter profit by $1.5 billion after taxes.
Intel Corp.'s (INTC) fourth-quarter profit fell 1.3% amid
continued weakness in the personal computer market, still the chip
maker's main business. Revenue from Intel's data center
group--which includes sales of chips for server systems that help
power the cloud computing craze--rose 5% in the period ended in
December. Sales for the unit had risen 12% in the third quarter,
and most analysts had expected double-digit percentage rates to
continue.
TreeHouse Foods Inc. (THS), which expects to close its deal soon
for ConAgra Foods Inc.'s (CAG) private-label business, on Thursday
raised its earnings forecast for 2015 but said sales declined in
its latest quarter on foreign-exchange pressures and weaker coffee
pricing.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 15, 2016 09:27 ET (14:27 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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