Among the companies with shares expected to actively trade in
Monday's session are McDonald's Corp. (MCD) and Toll Brothers Inc.
(TOL).
American Airlines Group Inc. (AAL) said passenger traffic edged
up 0.2% during October from a year earlier as increases in its
domestic segment were mostly offset by weaker international
passenger volume.
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) posted a
drop in profit tied to an investment loss, though results overall
topped analyst expectations as the conglomerate's railroad arm and
other units continued to ride a rebounding U.S. economy.
Dollar Tree Inc. (DLTR) has agreed not to close its planned
purchase of Family Dollar Stores Inc. (FDO) before Dec. 30 to
facilitate a Federal Trade Commission review, unless the FTC
completes the review and ends a waiting period earlier.
GoPro Inc. (GPRO) filed plans Monday for an offering of $800
million in shares, after raising more than $491 million in its
initial public offering in June. The maker of portable cameras said
it plans to use the money raised for general corporate purposes,
including for working capital or to fund acquisitions and
investments.
McDonald's Corp. (MCD) on Monday said its October sales held up
better than expected as the fast-food giant continues to confront a
host of problems across its business. Global sales fell 0.5% in
October, excluding newly opened stores, beating the 2.2% decline
analysts were expecting, according to Consensus Metrix.
California authorities are looking into O'Reilly Automotive
Inc.'s (ORLY) hazardous-waste storage and disposal practices, the
auto parts retailer disclosed Friday in a regulatory filing.
Sotheby's (BID) said its third-quarter loss narrowed as the
auction house benefited from lower costs and a higher tax benefit
that offset a decline in revenue.
Toll Brothers Inc. (TOL) said revenue in its October quarter
surged 29%, lifted by strong demand in the home builder's West
Coast division. Toll reported preliminary revenue of $1.35 billion
for the quarter ended Oct. 31, topping the $1.31 billion expected
by analysts polled by Thomson Reuters.
WhiteWave Foods Co. (WWAV) said its revenue grew 34% in the
third quarter, helped by its Earthbound Farms acquisition and
strong growth in Europe. The results exceeded expectations.
Stocks to Watch from Barron's:
Leucadia National's (LUK) business and financial outlook is
better than its stock-market showing suggests, and its shares now
look undervalued, Barron's said. Over the course of three decades,
Leucadia National developed a cult following on Wall Street and was
often likened to a mini Berkshire Hathaway, thanks to the success
of its founding duo, Joseph Steinberg and Ian Cumming, in making
investments, minimizing taxes, and building a small-scale
conglomerate.
Weak European markets have led investors to bail on shares of OM
Group (OMG), Barron's said. The maker of industrial-use magnets,
batteries, and specialty chemicals, which caters to the automotive,
aerospace, and medical-device industries, draws more than half its
revenue from Europe. OM's stock has plunged nearly 30% this year.
While we're not calling for a rebound in Europe, at $26.60, the
shares look compelling, and could have a lot of upside.
Write to Maria Armental at maria.armental@wsj.com
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