U.S. Hot Stocks: Hot Stocks to Watch
18 September 2015 - 11:44PM
Dow Jones News
By Chris Wack and Maria Armental
Among the companies with shares expected to trade actively in
Friday's session are McKesson Corp. (MCK), SouFun Holdings (SFUN)
and Rockwell Collins (COL).
Dublin-based UDG Healthcare PLC agreed to sell two of its units
to U.S. drug wholesaler McKesson Corp. for $466 million. McKesson
shares were flat at $204.70 in premarket trading.
SouFun Holdings, operator of China's biggest real estate portal
and known as Fang.com in China, has secured $400 million to $700
million from private equity firms IDG Capital and Carlyle Group,
together with the company's CEO Vincent Mo. Shares rose 2.21% to
$6.00 premarket.
Rockwell Collins Inc. on Friday offered a soft revenue outlook
for its upcoming fiscal year, as the aerospace company faces weak
demand in its business aviation segment. Shares were untraded
premarket.
Freeport-McMoRan Inc. (FCX) said Friday that it has brought in
$1 billion through a sale of its shares and disclosed plans to
raise another $1 billion, as the beleaguered miner looks to raise
cash amid weak commodity prices. Shares fell 6.31% to $11.29
premarket.
Johnson Controls Inc. (JCI) said Friday that it would cut some
3,000 jobs, or 2.5% of its total employees, as part of a
cost-saving program.
Zayo Group Holdings Inc. (ZAYO) swung to a profit Friday for the
final quarter of its fiscal year, boosted in part by a 22% jump in
sales at the telecom company.
Adobe Systems Inc. (ADBE) on Thursday reported sharply higher
third-quarter profit, driven by higher digital-media revenue, and
disclosed a leadership shake-up, which included the head of the
digital-media unit.
AK Steel Holding Corp. (AKS) said lower raw material costs,
higher shipments and cost-saving efforts will help its
third-quarter results. On Thursday, AK Steel projected a loss of
two cents a share to seven cents a share for the period, while
analysts polled by Thomson Reuters projected a loss of 23 cents a
share. In the second quarter, AK Steel reported a loss of 36 cents
a share.
Comcast Corp. (CMCSA, CMCSK) has agreed to pay $33 million and
overhaul its operations to resolve allegations that over a two-year
period it illegally posted online personal information of an
estimated 75,000 customers who paid for unlisted so-called voice
over Internet Protocol or VoIP telephone service.
La Quinta Holdings Inc. (LQ) on Thursday disclosed Chief
Financial Officer Keith A. Cline was appointed interim president
and chief executive on Sept. 15, succeeding Wayne Goldberg. The
company said Mr. Goldberg stepped down by mutual agreement. The
company also lowered its 2015 guidance for revenue per available
room, or "revpar," citing weaker-than-expected demand in August and
September, and industry trends that indicated weaker demand for the
rest of the year. La Quinta projects growth of 3.5% to 4.5% for the
metric, down from prior guidance of 4.5% to 5.5%.
Southwest Airlines Co. (LUV) pilots will vote on a tentative
labor agreement in October, after union leaders voted to send it to
membership but decided not to endorse or reject the offer. The
airline said on Sept.3 that an agreement in principle had been
reached.
Texas Instruments Inc. (TXN) said it plans to raise its dividend
by 12% and said its board authorized the buyback of an additional
$7.5 billion of its shares.
Write to Chris.Wack at chris.wack@wsj.com and Maria Armental at
maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 18, 2015 09:29 ET (13:29 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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