Market Overview

Stocks To Watch For July 3

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Some of the stocks that may grab investor focus today are:

Shares of Acuity Brands (NYSE: AYI) jumped 15.83% yesterday after the company reported an upbeat Q3 adjusted profit. Acuity Brands shares closed at $58.97 yesterday.

Microsoft (NASDAQ: MSFT) announced a $6.2 billion charge for the fourth quarter related to the company's acquisition of aQuantive in 2007. Microsoft shares dropped 0.92% to $30.28 in the after-hours trading session.

Auto makers are scheduled to report US sales figures for June. Ford Motor Co (NYSE: F), Toyota Motor (NYSE: TM), General Motors (NYSE: GM), Honda Motor Co (NYSE: HMC) and the other auto makers are expected to report June sales.

Men's Wearhouse (NYSE: MW) announced the departure of its Chief Financial Officer Neill Davis. Davis will join Francesca's Holdings (NASDAQ: FRAN) as President. Men's Wearhouse shares fell 0.74% to $28.10 in after-hours trading, while Francesca's shares gained 1.63% to close at $27.45 yesterday.

Shares of BrightPoint (NASDAQ: CELL) surged 66.54% yesterday after the company agreed to be bought by Ingram Micro (NYSE: IM) for $650 million. BrightPoint shares declined 0.55% to $8.96 in after-hours trading, while Ingram Micro shares rose 0.28% to $17.60 in the after-hours trading session.

Posted-In: Stocks To WatchEarnings News Management M&A Pre-Market Outlook Markets Trading Ideas

 

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