Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Stocks To Watch: Navistar, Dollar General, Apple, LinkedIn, Ciena

By Abhijit SenStock MarketsSep 04, 2013 10:04AM ET
www.investing.com/analysis/stocks-to-watch:-navistar,-dollar-general,-apple,-linkedin,-ciena-182404
Stocks To Watch: Navistar, Dollar General, Apple, LinkedIn, Ciena
By Abhijit Sen   |  Sep 04, 2013 10:04AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
EUR/USD
+0.09%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GBP/USD
+0.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USD/JPY
+0.42%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NDX
+0.95%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
UK100
+0.50%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FCHI
+0.01%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Stocks that are expected to trade actively in U.S. markets on Wednesday include: Navistar International Corp. (NAV), Dollar General Corp. (DG), Apple Inc. (AAPL), LinkedIn Corp (LNKD), Ciena Corporation (CIEN), News Corp (NWSA), H&R Block Inc. (HRB), Herbalife Ltd. (HLF), Guidewire Software Inc. (GWRE), C.R. Bard, Inc. (BCR), Rochester Medical Corporation (ROCM).

Market Levels:
US: Dow Futures: 14792.00 (-0.24%), S&P 500 Futures: 1636.50 (-0.15%), NASDAQ Futures: 3091.50 (0.20%)
Europe: CAC: 3931.60 (-1.07%), DAX: 8102.94 (-0.95%), FTSE: 6435.47 (-0.51%)

Asia-Pacific: Australia: 5161.60 (-0.67%), China: 2127.62 (0.21%), Hong Kong: 22326.22 (-0.31%), Japan: 14053.87 (0.54%).

Metals: Gold: 1400.50 (-0.81%), Silver: 23.76 (-2.76%), Copper: 3.24 (-1.98%)

Energy: Crude Oil: 108.04 (-0.46%), Natural Gas: 3.69 (0.74%)

Commodities: Corn: 4.72 (-0.63%), Soya Bean: 13.75 (-0.83%), Wheat: 6.45 (-0.35%)

Currency: EUR/USD: 1.3173 (0.02%), GBP/USD: 1.5604 (0.30%), USD/JPY: 99.4200 (-0.15%)
10-year US Treasury: 2.858% (0.000)

Market And Economic News

U.S. stock-index futures mixed: U.S. stock-index futures were swinging between gains and losses on investor concerns over an imminent military strike against Syria. In economic news, the U.S. trade deficit rose 13.3 percent in July to $39.1 billion, according to the Commerce Department. Economists were expecting the trade deficit to increase to $38.7 billion. Up ahead, the Federal Reserve will publish the latest edition of its regional economic snapshot, the Beige Book, at 2 P.M. ET.

European markets fall: European markets are heading for the second straight day of losses amid the increasing likelihood of U.S. intervention in Syria, after President Barack Obama secured more support in the U.S. Congress for military action against the Syrian government that allegedly used chemical weapons against civilians. On the economic front, second quarter euro zone GDP was revised up to -0.5 percent from -0.7 percent. The FTSE 100 edged 0.5 percent lower to 6435.47 points. The CAC 40 lost 1.1 percent to 3931.60 points, while the DAX shed 1 percent to 8102.94. The euro zone blue-chip ESTX 50 PR.EUR was down 0.9 percent in recent trading.

Asian stocks end mixed: Asian markets struggled for direction amid growing fears of U.S. military intervention in Syria. The NIKKEI 225 crossed the 14,000 mark as the yen weakened to 99.8 per dollar. The SSE Composite Index reversed early morning losses to end higher after data from HSBC’s services purchasing manager’s index showed that growth in China’s services sector hit a five-month high in August. The S&P/ASX 200 index fell in trade amid broad declines in banking stocks.

Stocks In News

Navistar International Corp. (NAV)
Navistar International Corp. swung to a fiscal third-quarter loss and said it would cut 500 jobs by the end of the fiscal 2013, sending shares sharply lower in recent pre-market trading. The commercial truck manufacturer posted a loss of $247 million, or $3.06 per share, compared to a year-ago profit of $84 million, or $1.22 per share. Excluding one-time items, Navistar reported a loss of $2.94 a share. Revenue dropped 12 percent to $2.9 billion. Analysts had most recently projected a loss of $1.30 on sales of $2.92 billion.

Dollar General Corp. (DG)
Dollar General Corp.’s second-quarter profit rose to $245.5 million, or 75 cents a share, from $214.1 million, or 64 cents a share, in the same period last year. Adjusted to exclude certain items, the retail company reported earnings of 77 cents per share, up from 69 cents a year in the year-ago period. Revenue increased to $4.4 billion from $3.9 billion a year earlier. Analysts had expected earnings of 74 cents a share on sales of $4.4 billion. For the full-year, the company expects earnings per share to be in a range of $3.15 to $3.22. Shares in Dollar General surged in pre-market trading.

Apple Inc. (AAPL)
Cantor Fitzgerald initiated coverage of Apple Inc. with a “buy” rating and a target price of $777. Cantor said that the tech giant is “in the midst of a recovery,” and that current valuations were attractive. Apple shares closed Tuesday at $488.58, and rose 2 percent in pre-market trading.

LinkedIn Corp. (LNKD)
Shares of the social-network company fell in pre-market trading after it unveiled plans to sell $1 billion of stock in a follow-on offering. The company is planning to sell 4.17 million shares of its Class A common stock, according to a prospectus filed with the U.S. Securities and Exchange Commission yesterday. LinkedIn Corp said it will use the proceeds to further expand its product slate and expand abroad.

Ciena Corporation (CIEN)
Ciena Corporation’s fiscal third-quarter loss narrowed as the network-equipment company posted higher revenue amid increased spending from telecom companies. Ciena reported adjusted earnings of 23 cents a share, 7 cents above the average analysts’ estimate. Revenue rose 14 percent to $538.4 million, also topping expectations for $533.5 million. The company forecast current-quarter revenue of $550 million to $580 million, mostly ahead of the Street view of $551 million.

News Corp (NWSA)
Rupert Murdoch’s News Corp. said it sold its Dow Jones Local Media Group, which operates eight daily and 15 weekly community newspapers, to a unit of Fortress Investment Group LLC for an undisclosed sum. The media company had acquired the collection of small newspapers and niche publications as part of its 2007 acquisition of Dow Jones & Co., publisher of The Wall Street Journal.

H&R Block Inc. (HRB)
H&R Block Inc. reported an adjusted loss of 40 cents per share on revenue of $127 million for its fiscal first-quarter. Analysts were expecting a loss of 37 cents per share on sales of $98.4 million. In addition, the tax-services provider said that its plan to shed its banking unit will be delayed due to delay in getting necessary regulatory approval. Shares tumbled in recent trading.

Herbalife Ltd. (HLF)
Post Holdings Inc. (POST) CEO William Stiritz reported a 5 percent stake in Herbalife Ltd. in a regulatory filing late Tuesday. Stiritz disclosed he owned about 5.4 million Herbalife shares, making him the fourth largest shareholder after the stock purchase A Post Holdings representative said Stiritz’s investment in the nutritional supplement maker was a personal investment decision and not related to the company.

Guidewire Software Inc. (GWRE)
The business software company posted fiscal fourth quarter adjusted earnings of 25 cents per share, edging past forecasts for 14 cents per share. Revenue jumped 43 percent from a year earlier to $96.9 million, also toping expectations for $93.10 million. License revenues for the period ended July 31 soared 70 percent, maintenance revenue rose 26 percent, and services revenues increased 23 percent, year-on-year.

C.R. Bard, Inc. (BCR), Rochester Medical Corporation (ROCM)
C.R. Bard, Inc. has agreed to acquire urology products maker Rochester Medical Corporation in a deal valued at roughly $262 million. C.R. Bard will pay $20 per Rochester Medical share, a 45 percent premium to the stock’s Tuesday’s close. C.R. Bard had last month agreed to acquire Medafor Inc., a privately-held developer and supplier of blood clotting product, for $200 million in cash.

Economic Calendar for Wednesday, September 04, 2013:
07:00 A.M. ET: MBA Mortgage Applications (August 30)
08:30 A.M. ET: Trade Balance (July)
08:55 A.M. ET: Redbook Index (MoM)
09:45 A.M. ET: ISM New York index (August)
11:30 A.M. ET: 4-Week Bill Auction
02:00 P.M. ET: Beige Book
Stocks To Watch: Navistar, Dollar General, Apple, LinkedIn, Ciena
 

Related Articles

Stocks To Watch: Navistar, Dollar General, Apple, LinkedIn, Ciena

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email