Arena Pharmaceuticals, Inc. (ARNA)

[MiamiGent]

Stocks to watch Monday:
BY MarketWatch— 7:01 AM ET 05/12/2012

CHICAGO (MarketWatch) -- J.P. Morgan Chase & Co., Arena Pharmaceuticals Inc. (ARNA) and InterOil Corp. (IOC) are among the stocks that could see active trading on Monday.

J.P. Morgan Chase shares could remain under pressure after Fitch Ratings downgraded the bank's credit ratings. The stock slumped 9.3% Friday after it disclosed it took an unusual $2 billion trading loss.

Drug stocks Arena Pharmaceuticals Inc. (ARNA) and Orexigen Therapeutics Inc. (OREX) could be on the move again. Arena zoomed 74% higher after the U.S. Food and Drug Administration recommended approval of its diet pill Lorcaserin. Orexigen picked up 19% a day after the diet-drug developer said it is on track to begin a clinical trial for its Contrave offering and that it has finished Phase 2 clinical trials designed to assess another weight-loss drug, Emphatic.

InterOil Corp. (IOC)is expected to report a first-quarter profit of 5 cents a share on revenue of $310.8 million, according to a poll taken by FactSet Research.