U.S. Hot Stocks: Hot Stocks to Watch
09 September 2016 - 11:40PM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Kroger Co. (KR) and Enterprise Products
Partners (EPD).
Kroger Co. posted earnings below expectations in the latest
quarter and slashed its guidance for the year, blaming inflation.
Shares fell 1.82% to $30.74 in premarket trading.
Energy midstream giant Enterprise Products Partners L.P. (EPD)
is no longer looking to merge with pipeline rival Williams Cos.
(WMB). Williams disputed Enterprise's characterization that it
refused to engage in merger negotiations and said in a statement
that it has had a series of exchanges with Enterprise about a
possible deal since July and that its board was reviewing
Enterprise's most recent proposal. Enterprise shares fell 0.07% to
$27.23 premarket. Williams shares fell 3.08% to $30.19
premarket.
Finisar Corp. (FNSR) on Thursday gave strong financial
projections for the current quarter as first-quarter profit rose
sevenfold. Shares rose 14.55% to $26.61 premarket.
Restoration Hardware Holdings Inc. (RH) on Thursday reported the
first decline in a key sales figure since the retailer went public
and sharply lower profit as the luxury home goods retailer
continues to grapple with production issues. Still, second-quarter
results were above expectations.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
September 09, 2016 09:25 ET (13:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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