Thursday, October 30, 2014

Stocks to Watch: Hershey, Facebook, American Realty

Among the companies with shares expected to actively trade in Wednesday’s session are Hershey Co.(HSY), Facebook Inc.(FB) and American Realty Capital Properties Inc.(ARCP)

Hershey said its sales climbed 5.8% in the latest quarter, but the company said international sales for the year will grow less than previously expected and lowered its overall guidance. Shares fell 3.7% to $92 in premarket trading.

Facebook on Tuesday missed profit expectations for the first time in two years as the social network warned investors that higher costs from a series of acquisitions are beginning to take a toll on results. Shares dropped 5.8% to $76.12 premarket.

American Realty Capital fired Chief Financial Officer Brian Block and Chief Accounting Officer Lisa McAlister, and said financial statements going back to 2013 cannot be relied upon. Shares plunged 19.8% to $9.93 premarket.

Exelon Corp.(EXC) said its earnings increased by 35% in the third quarter, driven by improvements in both its utility and generation businesses. Shares were up 0.6% to $35.95 premarket.

Southern Co.(SO) reported a revenue increase of 6.4% in the third quarter, helped by economic recovery in the Southeast, though earnings continue to take a hit from the company’s Kemper County plant project. Shares fell 1.3% to $46.75 premarket.

Applied Materials Inc.(AMAT) on Wednesday warned its long-gestating deal to buy Tokyo Electron Ltd.(8035.TO) may close later than initially expected as talks with regulators continue. Shares slipped 0.8% to $21.07 premarket.

WellPoint Inc.(WLP) on Wednesday became the latest health insurer to raise its outlook after posting higher-than-expected quarterly earnings. Shares gained 1.7% to $122 premarket.

Gilead Sciences Inc.(GILD) on Tuesday said sales of its blockbuster hepatitis C treatment Sovaldi fell 20% in the third quarter from the June period. Shares dropped 3.2% to $109.80 premarket.

Charter Communications Inc.(CHTR) said its residential customer base grew by 5% as growth in its Internet and voice services helped offset a decline in video subscribers. Shares were inactive premarket.

Goodyear Tire & Rubber Co.(GT) reported lower third-quarter financial results as taxes and foreign currency exchanges trimmed profitability, but beat analyst expectations.

Ford Motor Co.(F) issued a regional recall for about 205,000 model-year 2007-2008 Ford Edge and Lincoln MKX sport-utility vehicles in North America for possible corrosion under the reinforcement brackets where the fuel tank is mounted to the vehicle.

Eli Lilly (LLY) & Co. and German pharmaceutical company Boehringer Ingelheim (BRI.YY) announced Wednesday that they will restructure their diabetes venture to reduce inefficiencies and focus on product launches.

Waste Management Inc.(WM) said its third-quarter earnings fell 7% as the trash hauler and recycler works to cut its corporate overhead costs amid tepid pricing.

Sealed Air Corp.'s(SEE) third-quarter earnings topped consensus estimates and it again raised its 2014 bottom-line guidance as the packaging company benefits from higher prices.

Praxair Inc.(PX) said its third-quarter earnings grew 7% on higher pricing and sales growth across nearly all of its segments, but the industrial-gas company gave a disappointing outlook for the remainder of the year.

Hess Corp.(HES) posted better-than-expected results in its third quarter on higher production and asset sales, though the exploration-and-production company said it was hit by lower crude oil prices.

Top Integrated Utility Stocks For 2015

Carlyle Group L.P (CG). on Wednesday said its third-quarter profit rose, although each of its business lines was chilled by markets pulling back from their prime conditions earlier this year.

Hyatt Hotels Corp.(H) said its revenue rose 7.6% in the latest quarter, as the hotel operator’s occupancy rates increased.

Eaton Corp.(ETN) PLC said revenue edged up 2.2% in the latest quarter as the diversified manufacturer reported higher sales in its electrical and aerospace segments.

Ralph Lauren Corp.(RL) said its revenue increased 4% in the latest quarter, pushed higher by gains in retail sales.

McGraw Hill Financial Inc.(MHFI) said it would record a $60 million accounting adjustment related to ongoing, “active discussions” it is having with federal and state regulators over six commercial real estate deals the firm graded in 2011. The company also said third-quarter earnings declined, although revenue grew.

Booz Allen Hamilton Holding Corp.(BAH) said earnings in its September quarter fell 4% as the consulting company continues to struggle with tepid spending from federal government clients.

Garmin Ltd.(GRMN) said revenue in the third-quarter increased 9.7% on a 43% sales jump in its fitness segment. The results topped analyst expectations, leading the company to again lift its outlook for the year.

Phillips 66 sa(PSX)id its third-quarter earnings more than doubled as its refining business swung to a profit on stronger margins and its chemical segment profit continued to grow.

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