U.S. Hot Stocks: Hot Stocks to Watch
02 November 2016 - 12:37AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Pfizer Inc. (PFE), Archer Daniels Midland Co.
(ADM) and Coach Inc. (COH).
Pfizer Inc. on Tuesday lowered its earnings outlook for the year
and said it was ending the development of a drug in the massive
cholesterol-treatment sector. Shares fell 1.61% to $31.20 in
premarket trading.
Archer Daniels Midland Co. said the global market has started to
rely on North American crops, boosting results at the commodities
giant after challenging market conditions earlier this year. Shares
rose 3.86% to $45.25 premarket.
Handbag maker Coach Inc. said profit climbed in the latest
period, helped by same-store sales growth, as results continue to
reap the benefits of its turnaround efforts. Shares rose 1.09% to
$36.28 premarket.
Molson Coors Brewing Co. (TAP) said revenue fell in the latest
period on weaker sales volume as its brands remained pressured amid
increased competition, though profit at its MillerCoors LLC unit
climbed on higher pricing. Shares fell 0.78% to $103.00
premarket.
Exchange operator Intercontinental Exchange Inc. (ICE) posted
higher earnings and revenue in the third quarter, partly driven by
acquisitions, while its trading fees declined. Shares fell 0.14% to
$270.00 premarket.
Fertilizer maker Mosaic Co. (MOS) said potash and phosphate
prices strengthened in the latest quarter as results topped Wall
Street expectations. Shares rose 2.08% $24.02 premarket.
Anadarko Petroleum Corp. (APC) on Monday reported a narrowed
quarterly loss but still sharply missed Wall Street
expectations.
General Growth Properties Inc. (GGP) on Monday raised its
projected annual profit as quarterly profit surged fivefold driven
by property sales, breaking a string of declines.
A continued sales slowdown at Victoria's Secret is weighing on L
Brands Inc.'s (LB) quarterly results, the retailer said Monday, a
day before its investor meeting. The retailer now expects to make
40 cents a share, at the low end of its previous guidance and well
short of the 55 cents a share it made last year.
Hospital operator Tenet Healthcare Corp. (THC) on Monday cut its
profit projection for the year after it reported third-quarter
profit below analysts' projections.
Terex Corp. (TEX) on Monday cut its projections for the year
after sales fell 16% in the third quarter.
Vornado Realty Trust (VNO) plans to spin off its Washington,
D.C., properties in a roughly $8.4 billion deal with JBG Cos.
Vornado shareholders would own about 74% of the new company, JBG
Smith.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
November 01, 2016 09:22 ET (13:22 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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