U.S. Hot Stocks: Hot Stocks to Watch
25 November 2015 - 1:48AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Tiffany & Co. (TIF) and Xerox
Corp.(XRX).
Chip maker Analog Devices Inc. (ADI) easily topped expectations
in its latest quarter, powered by demand for products including
smartphones and tablets. Shares rose 3.9% to $59 in premarket
trading.
Campbell Soup Co. (CPB) raised its earnings guidance for the
year, but cut its sales outlook as it reported its profit sank 22%
in the latest qurater. Shares edged up 1.4% to $50.50
premarket.
Dollar Tree Inc. (DLTR) said profit in its latest quarter fell
as the discount retailer works to integrate a recently-acquired
rival, though that acquisition powered a more than two-fold revenue
increase. Shares edged down 0.9% to $68.94 premarket.
Hormel Foods Corp. (HRL) raised its annual dividend to $1.16 a
share from $1. Shares rose 1.1% to $70 premarket.
Signet Jewelers Ltd. (SIG) swung to a profit in its third
quarter, though results missed expectations as the company's
lower-priced Kay brand drove sales. The company also issued
downbeat guidance. Shares tumbled 5.6% to $132.74 in premarket
trading.
Tiffany said earnings this year would fall more than the luxury
jeweler previously anticipated, as adverse exchange rates continue
to crimp tourists' spending and diminish repatriated profit. Shares
fell 3.1% to $74.19 in premarket trading.
William Ackman's Pershing Square Capital Management LP on Monday
disclosed an increased 9.9% stake in Valeant Pharmaceuticals
International Inc. (VRX). Mr. Ackman has vigorously defended his
multibillion-dollar investment in the pharmaceuticals company,
which has been criticized over its accounting and sales tactics.
Shares edged up 2% to $89.15 premarket.
Activist investor Carl Icahn has built up a 7.1% stake in Xerox,
saying the company's stock is undervalued and he may seek board
seats. Xerox last month reported its first quarterly loss since
2010. Shares climbed 2.8% to $11.05 premarket.
Other stocks in focus:
Fred's Inc. (FRED) swung to a profit in its latest quarter as
the retailer's earnings and sales met expectations.
Pepco Holdings Inc. (POM) has settled a tax dispute related to
its former energy lease investments abroad under which the
energy-delivery company will pay back taxes but no penalty.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 24, 2015 09:33 ET (14:33 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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