$WTSL News U.S. HOT STOCKS FUTURES: HOT STOCKS
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Posted On: 01/08/2013 7:32:17 AM
$WTSL News
U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH
Among the companies expected to trade actively in Tuesday's session are Yum Brands Inc. (YUM), Wet Seal Inc. (WTSLA) and Team Inc. (TISI).
Yum said it expects its China division's fourth-quarter same-store sales to fall more than previously expected, as it said poor publicity from a government review of China poultry supplies badly impacted its KFC operations there during the last two weeks of December. Shares sank 5.4% after hours to $64.26.
Wet Seal named John D. Goodman as its new chief executive, effective Monday, filling a post that had been empty for several months with someone who has led and sold another teen retailer. Class A shares rose 3.7% after hours to $2.80, as the appointment was seen ending a period of tumult for the company.
Team's fiscal second-quarter profit rose 35% as the industrial-services company saw continued revenue growth, particularly in its inspection and assessment business. Shares were up 4.9% after hours to $38.91.
Calumet Specialty Products Partners LP (CLMT) is offering 5 million shares, as it seeks to raise funds to repay debt and for general purposes. The maker of oil and fuel products recently had 57.6 million shares outstanding. Shares fell 4.4% after hours to $31.80.
Manufacturing services company Plexus Corp. (PLXS) said it expects fiscal first-quarter earnings and revenue to fall short of its previous guidance, due to weak demand in its networking and communications business. Shares fell 4.3% in after-hours trading to $24.70.
Solar Capital Ltd. (SLRC) has initiated an offering of 6 million shares. The investment firm plans to use the proceeds to pay down borrowings and to acquire debt or equity securities. Solar Capital recently had around 38.7 million shares outstanding. Shares fell 2.4% after hours to $24.31.
Watchlist:
ConAgra Foods Inc. (CAG) is offering to sell around $240 million of its shares, in order to help fund its proposed $6.8 billion acquisition of Ralcorp Holdings Inc. (RAH). The food company recently had a market capitalization of roughly $12.2 billion.
Dynegy Inc.'s (DYN) chief operating officer Kevin Howell has stepped down, and the power company said it expects to name his successor in the first quarter. Mr. Howell will remain at the company in an advisory role and to support the transition, and will continue reporting to Chief Executive Robert Flexon.
Lockheed Martin Corp. (LMT) has agreed to acquire certain assets of the engine-maintenance, repair and overhaul business of insolvent Canadian aircraft maintenance company Aveos Fleet Performance Inc. as the U.S. defense contractor seeks to expand in Canada. Terms of the deal weren't disclosed.
Newcastle Investment Corp.'s (NCT) larger-than-expected offering of 50 million shares priced at a 2.6% discount to its Monday close. The company intends to use the proceeds for general corporate needs and to make several investments.
Weight-loss program provider Medifast Inc. (MED) has named Timothy G. Robinson as its new chief financial officer, filling a role that has been in flux in recent months.
Summit Hotel Properties Inc. (INN) has launched an offering of 13 million shares, intending to put the proceeds in part toward planned acquisitions of Hyatt Hotels Corp. (H) properties, and to pay down debt. The real-estate investment trust recently had 11.9 million shares outstanding.
Tesoro Logistics LP (TLLP) is offering 8.5 million units representing limited partner interests. The company plans to use the proceeds to help fund its proposed acquisition of Chevron Corp.'s (CVX) northwest products system, including a 760-mile pipeline. Tesoro recently had 35.5 million units outstanding.
Williams Partners L.P. (WPZ) is seeking regulatory approval to build an additional natural gas delivery point from its Transco pipeline to Brooklyn and Queens, New York.
Yingli Green Energy Holding Co. (YGE) said it expects photovoltaic module shipments for 2012 to be slightly ahead of its latest guidance, as the Chinese solar-products maker saw strong results in its fourth quarter.
Write to Kristin Jones at kristin.jones@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH
Among the companies expected to trade actively in Tuesday's session are Yum Brands Inc. (YUM), Wet Seal Inc. (WTSLA) and Team Inc. (TISI).
Yum said it expects its China division's fourth-quarter same-store sales to fall more than previously expected, as it said poor publicity from a government review of China poultry supplies badly impacted its KFC operations there during the last two weeks of December. Shares sank 5.4% after hours to $64.26.
Wet Seal named John D. Goodman as its new chief executive, effective Monday, filling a post that had been empty for several months with someone who has led and sold another teen retailer. Class A shares rose 3.7% after hours to $2.80, as the appointment was seen ending a period of tumult for the company.
Team's fiscal second-quarter profit rose 35% as the industrial-services company saw continued revenue growth, particularly in its inspection and assessment business. Shares were up 4.9% after hours to $38.91.
Calumet Specialty Products Partners LP (CLMT) is offering 5 million shares, as it seeks to raise funds to repay debt and for general purposes. The maker of oil and fuel products recently had 57.6 million shares outstanding. Shares fell 4.4% after hours to $31.80.
Manufacturing services company Plexus Corp. (PLXS) said it expects fiscal first-quarter earnings and revenue to fall short of its previous guidance, due to weak demand in its networking and communications business. Shares fell 4.3% in after-hours trading to $24.70.
Solar Capital Ltd. (SLRC) has initiated an offering of 6 million shares. The investment firm plans to use the proceeds to pay down borrowings and to acquire debt or equity securities. Solar Capital recently had around 38.7 million shares outstanding. Shares fell 2.4% after hours to $24.31.
Watchlist:
ConAgra Foods Inc. (CAG) is offering to sell around $240 million of its shares, in order to help fund its proposed $6.8 billion acquisition of Ralcorp Holdings Inc. (RAH). The food company recently had a market capitalization of roughly $12.2 billion.
Dynegy Inc.'s (DYN) chief operating officer Kevin Howell has stepped down, and the power company said it expects to name his successor in the first quarter. Mr. Howell will remain at the company in an advisory role and to support the transition, and will continue reporting to Chief Executive Robert Flexon.
Lockheed Martin Corp. (LMT) has agreed to acquire certain assets of the engine-maintenance, repair and overhaul business of insolvent Canadian aircraft maintenance company Aveos Fleet Performance Inc. as the U.S. defense contractor seeks to expand in Canada. Terms of the deal weren't disclosed.
Newcastle Investment Corp.'s (NCT) larger-than-expected offering of 50 million shares priced at a 2.6% discount to its Monday close. The company intends to use the proceeds for general corporate needs and to make several investments.
Weight-loss program provider Medifast Inc. (MED) has named Timothy G. Robinson as its new chief financial officer, filling a role that has been in flux in recent months.
Summit Hotel Properties Inc. (INN) has launched an offering of 13 million shares, intending to put the proceeds in part toward planned acquisitions of Hyatt Hotels Corp. (H) properties, and to pay down debt. The real-estate investment trust recently had 11.9 million shares outstanding.
Tesoro Logistics LP (TLLP) is offering 8.5 million units representing limited partner interests. The company plans to use the proceeds to help fund its proposed acquisition of Chevron Corp.'s (CVX) northwest products system, including a 760-mile pipeline. Tesoro recently had 35.5 million units outstanding.
Williams Partners L.P. (WPZ) is seeking regulatory approval to build an additional natural gas delivery point from its Transco pipeline to Brooklyn and Queens, New York.
Yingli Green Energy Holding Co. (YGE) said it expects photovoltaic module shipments for 2012 to be slightly ahead of its latest guidance, as the Chinese solar-products maker saw strong results in its fourth quarter.
Write to Kristin Jones at kristin.jones@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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