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U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
Aug 1, 2013 08:37:52 (ET)
Among the companies with shares expected to actively trade in Thursday's session are J.C. Penney Co. (JCP), Trulia Inc. (TRLA) and Yelp Inc. (YELP).
J.C. Penney said commercial lender CIT Group Inc. (CIT) continues to factor and support deliveries from the retailer's suppliers, in contrast to recent reports alleging CIT has stopped supporting some future shipments. J.C. Penney shares rose 6.4% to $15.53 premarket, regaining ground lost Wednesday when the New York Post reported CIT "abruptly stopped supporting deliveries from smaller [apparel] manufacturers to Penney stores."
Trulia's second-quarter loss narrowed as the online real-estate-listing service posted revenue growth that beat its own expectations as well as an increase in subscriber rolls. Shares climbed 13% to $42.25 premarket as Trulia's adjusted earnings beat Wall Street expectations and as the company offered upbeat revenue guidance for the current quarter.
Yelp's second-quarter loss narrowed as the local listings website booked stronger-than-expected revenue growth. Shares climbed 14% to $47.65 premarket as bottom-line results beat analyst expectations and as the company offered upbeat third-quarter sales guidance and raised its full-year revenue targets.
DreamWorks Animation SKG Inc.'s (DWA) second-quarter profit rose 74%, as the computer-animation studio's revenue and margin increased. Shares were up 6% to $26.25 premarket as results beat expectations.
Ruckus Wireless Inc.'s (RKUS) second-quarter profit plummeted absent a tax-related gain, though the Wi-Fi networking company's revenue improved. Shares jumped 14% premarket to $15.11 as results exceeded analyst expectations.
Affymetrix Inc. (AFFX) swung to a second-quarter loss absent a year-ago tax gain, but the provider of gene analysis posted strong revenue growth. Shares rose 13% to $4.30 premarket as results surpassed analyst expectations.
Entropic Communications Inc. (ENTR) swung to a second-quarter loss as the chip maker recorded weaker revenue and a valuation-allowance charge. Shares tumbled 16% to $3.71 premarket as the company offered current-quarter guidance below analyst expectations, noting it has experienced a number of unexpected challenges in the past few weeks including short-term weakness in business from its largest end-customer DirecTV (DTV).
Marriott International Inc.'s (MAR) second-quarter profit increased 25% as the hotel industry bellwether recorded improved revenue per available room and higher average daily rates. However, shares slipped 2% to $40.74 premarket as the company offered third-quarter earnings guidance below analyst expectations and also lowered its full-year earnings view.
Flash-memory maker SanDisk Corp. (SNDK) initiated a quarterly dividend and authorized $2.5 billion in additional stock repurchases, moves intended to boost shareholder returns. Shares climbed 5.2% to $58.00 premarket.
Halozyme Therapeutics Inc. (HALO) said that following discussions with the Center for Biologics Evaluation and Research division of the U.S. Food and Drug Administration, ViroPharma will be discontinuing their Phase 2 study of subcutaneous Cinryze with recombinant human hyaluronidase. Shares fell 16% to $7.15 premarket.
Sequenom Inc. (SQNM) and CombiMatrix Corp. (CBMX) said that the companies have entered into a collaboration agreement to market chromosomal microarray analysis testing services to broaden and confirm the results of noninvasive, prenatal testing to physicians and their patients. Sequenom shares rose 1.7% to $3.06 premarket, while CombiMatrix share added 17% to $3.80.
Watchlist:
Allstate Corp.'s (ALL) second-quarter profit rose 2.6% as the insurance company was helped by lower claims costs from natural disasters.
AZZ Inc. (AZZ) named Kevern Joyce as its new chairman, replacing H. Kirk Downey, who will remain on the board.
Bloomin' Brands Inc.'s (BLMN) second-quarter earnings surged as the restaurant operator was helped by a tax adjustment and new restaurant openings.
Boston Beer Co.'s (SAM) second-quarter net climbed 37% as the Samuel Adams brewer's shipments jumped higher, offsetting an increase in ad and promotional spending. Results for the quarter easily topped Wall Street's expectations, and the brewer raised its full-year profit outlook.
Organic chemicals and specialty materials maker Cabot Corp.'s (CBT) fiscal third-quarter earnings fell 11% as higher costs masked growth in revenue.
CBS Corp.'s (CBS, CBSA) second-quarter profit rose 11% as digital streaming and higher fees from pay TV operators helped boost revenue.
DDR Corp.'s (DDR) second-quarter loss narrowed as the shopping center landlord's operating funds from operations improved on new leases and improved occupancy.
Essex Property Trust Inc.'s (ESS) second-quarter earnings fell 33% as a gain related to the remeasurement of the company's investment in a joint venture had boosted year-earlier results, though funds from operations improved in the latest period.
Fannie Mae (FNMA) said serious delinquencies on single-family mortgages in its portfolio fell in June as the housing market continued to recover.
Hasbro Inc. (HAS) has inked an agreement with DreamWorks Animation SKG Inc. (DWA) to create a line of toys and games for two of the computer-animation studio's coming films, a move to piggyback on even more of Hollywood's movies.
Hornbeck Offshore Services Inc.'s (HOS) second-quarter profit nearly doubled as the company reported stronger results from its upstream business. Results beat analyst expectations.
Lam Research Corp.'s (LRCX) fiscal fourth-quarter earnings soared as the semiconductor-equipment company's revenue climbed and margins strengthened. The company projected first-quarter earnings below expectations.
Lincoln National Corp.'s (LNC) second-quarter net slid 1.2% as $33 million in realized losses hurt the bottom line, which would have risen on an adjusted basis as operating revenue grew.
LyondellBasell Industries N.V. (LYB) disclosed plans to sell shares of their common stock.
Moody's Investors Services lifted Marathon Oil Corp.'s (MRO) rating one notch, saying the company is poised to experience production growth in its U.S. oil plays.
MDU Resources Group Inc.'s (MDU) second-quarter profit fell 14% as the company reported an impairment on natural gas prices, even as it benefited from increased oil production and higher earnings at its construction business.
MetLife Inc.'s second-quarter profit fell 78% as the company booked net derivative losses partly due to a rise in interest rates, though operating earnings and revenue improved.
Murphy Oil Corp.'s (MUR) second-quarter profit jumped 36% as the oil and gas producer recorded an asset sale gain and as North America oil sales volume increased from a year ago.
Pilgrim's Pride Corp.'s (PPC) second-quarter profit more than doubled as the poultry processor posted a strong sales gain and stronger margins. Earnings surpassed analyst expectations.
Pioneer Natural Resources Co. (PXD) swung to second-quarter profit as the exploration-and-production company benefited from asset-sale gains and positive derivatives impacts, as well as higher oil and natural-gas prices.
Questar Corp.'s (STR) second-quarter profit edged up 0.5% as the natural-gas company's revenue growth was roughly matched by higher expenses, while its spinoff, QEP Resources Inc. (QEP), swung to a profit as oil and gas sales jumped.
Regency Centers Corp.'s (REG) second-quarter earnings soared from a year earlier as an impairment charge weighed on the retail landlord's year-earlier results, though a key profitability metric slipped in the latest period.
Stamps.com Inc.'s (STMP) second-quarter earnings rose 45% as the company recorded a double-digit revenue gain in its core PC postage segment and as margins improved. Results topped analyst expectations and the company lifted its full-year earnings guidance.
SunPower Corp. (SPWR) swung to a second-quarter profit as the solar panel maker's gross margins expanded and a sharp decline in operating expenses helped bolster the bottom line.
Thoratec Corp.'s (THOR) shares rose as the medical-device maker reported second-quarter results that topped Wall Street's expectations, with profit for the period rising 11% as sales increased.
Thor Industries Inc. (THO) agreed to sell its bus business to Allied Specialty Vehicles for $100 million in cash, as the company looks to focus on its core recreational-vehicle business.
WebMD Health Corp. (WBMD) swung to a second-quarter profit as the health-information provider has seen a boost in demand for advertising and sponsorship services, helping drive a jump in revenue.
Whole Foods Market Inc.'s (WFM) fiscal third-quarter profit rose 21% as the high-end supermarket chain reported sales growth that was weaker than expected.
Williams Cos.'s (WMB) second-quarter earnings rose 7.6% as affiliate Williams Partners LP's (WPZ) second-quarter earnings grew 5.3% on stronger revenue, improved olefin and marketing margins and lower expenses.
Yamana Gold Inc. (AUY, YRI.T) swung to a second-quarter loss as weaker metals prices and revenue hurt the Canada-based gold-mining company's results.
Write to Anna Prior at anna.prior@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 01, 2013 08:37 ET (12:37 GMT)
Closing green today, FYI <@;)
Maybe some EOD push hopefully ;)
How long does it take to get uplisted. I know it has to be above a $1.00 for some time right?
Well thats nothing new lol
I believe that's why were starting to churn volume due to the earnings. All the signs are pointing that FNMA is going to have MONSTER earnings, being that they single handily are bailing out the U.S.
Earnings comes out August 6th or in that time frame, correct?
Earnings comes out August 6th or in that time frame, correct?
Earnings comes out August 6th or in that time frame, correct?
Took 10 minutes for my trade to go through.....
Here's the link for the full article:
http://www.huffingtonpost.com/2013/07/11/us-budget-surplus_n_3581160.html?icid=maing-grid7%7Cmain5%7Cdl1%7Csec3_lnk1%26pLid%3D342988
"WASHINGTON -- The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.
The June surplus was due in part to $66.3 billion in dividend payments from Fannie Mae and Freddie Mac. The mortgage giants were taken over by the government at the height of the 2008 financial crisis and are now repaying taxpayers for the support they received.
Through the first eight months of the budget year, the deficit has totaled $509.8 billion, according to the Treasury. That's nearly $400 billion lower than the same period last year."
Yea, lets wind down this money maker.........
I agree, there were many HUGE trades between 11-2pm.
When is the vote for the bill?
What are the buys vs. sells? TIA
If I'm not mistaking didn't Fanny have this lull period after it jumped over 400% last time and then shot up again?
Being down premarket is too much pressure, Im selling it all ;)
Somebody just turn on the NOS?!?
GOOD FRIDAY NEWS!
Been out all day, and I apologize in advance for my ignorance but what PR are we looking for??
TIA
If that wasn't walked down, then Idk what is lol
They're holding back buys. I couldnt get in until now almost 20 min later......
was there news??
5million and 6's?
Those seem like all retail sales 999,999??
Friday PR?
13's are a wall though damn.
Good thing I had my morning coffee and morning ritual!! Almost SH!T myself seeing volume this early lol.
Big Friday news like the one on the 13th???
Weird how ask is jumped to 10....
Can I get an L2 screen shot please?
TIA
As per etrade, 3.6 million at 8.
GLTY
NEWS, SHARE COUNT DROPPED AGAIN!!!
I would say PR Monday or Tuesday discussing how the show went this weekend.
IMO
15 million buys outweighing sells, yet its "tanking" lol
Looks like 5's are the lowest entry point
I concur
I think its safe to say today is last of trips!!
7 minutes in trading and explosion ;). Tell your kids, tell your wife.
L2?
Over 2 today -_- guaranteed