U.S. Hot Stocks: Hot Stocks to Watch
05 December 2015 - 1:45AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Avon Products Inc. (AVP), Ambarella Inc.
(AMBA), and Norfolk Southern Corp. (NSC).
Avon Products on Friday responded to activist investor Barington
Capital Group LP's public campaign launched Thursday to turn the
beauty-products seller around, saying it welcomes shareholder
feedback. Shares of Avon rose 7.8% to $4.30 in premarket
trading.
Ambarella, a key chip supplier to GoPro Inc. (GPRO), on Thursday
gave a soft revenue outlook for its current quarter, citing
weakness in the wearable camera market. Shares fell 9% to $52.66
premarket.
Norfolk Southern has rejected Canadian Pacific Railway Ltd.'s
(CP, CP.T)unsolicited acquisition offer, valued at over $28
billion, saying the tie-up undervalues the company and is unlikely
to be cleared by regulators. Shares fell 3.9% to $89.50 in early
trading.
Zumiez Inc. (ZUMZ) projects it will close the year with results
well below Wall Street projections, as it hasn't been able to break
a sales slowdown in the U.S. Shares of the apparel retailer tumbled
15% to $11.85 premarket.
Teen retailer Five Below Inc. (FIVE) on Thursday raised the low
end of its sales projection for the year, anticipating that strong
sales momentum from the third quarter will carry into the holiday
season. Shares rose 9.4% to $30.54 premarket.
Barnes & Noble Inc. (BKS) swung to a loss and reported a
decline in sales in the first full quarter since completing the
separation of its college business.
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) posted
better-than-expected profit and revenue in its latest quarter,
pushing it to boost its guidance for the year.
Drug makers Amgen Inc. (AMGN) and Merck & Co. (MRK) said
Friday that they will team up to conduct two clinical trials
evaluating a burgeoning class of drugs that use the body's immune
system to fight cancer.
Contact-lens company Cooper Cos. (COO) on Thursday gave a
disappointing outlook for its newly started fiscal year and
reported results for its latest quarter that missed the company's
expectations. Shares of Cooper fell 12% to $125.00 premarket.
Gap Inc. (GPS) said sales at its established stores fell 8% in
November, worse than analysts expected, with declines at all three
of its major brands. Shares fell 4.3% to $25.00 premarket.
NU Skin Enterprises Inc. (NUS) on Friday said it expects revenue
growth between 5% and 7% in 2016 on strong sales of its new ageLOC
line.
Mylan N.V. (MYL) said Friday that it has received a subpoena
from the U.S. Justice Department's antitrust division related to
the marketing and pricing of its generic antibiotic
Doxycycline.
Galena Biopharma Inc. (GALE) said Friday it has agreed to settle
federal lawsuits that accused the company of running a
"pump-and-dump," scheme by falsely inflating its stock prices to
then profit with a selloff.
Eli Lilly & Co. (LLY) said Friday it was halting development
of diabetes treatment basal insulin peglispro because of
development costs after the drug was found to have increased liver
fat during trials.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 04, 2015 09:30 ET (14:30 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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