Market Overview

Stocks To Watch For September 23, 2013

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

Shares of BlackBerry (NASDAQ: BBRY) tumbled 17.06% on Friday after the company issued weak second-quarter outlook and announced its plans to lower 4,500 jobs. BlackBerry shares closed at $8.73 on Friday.

News Corp (NASDAQ: NWS) reported a profit of $506 million, or $0.87 per share for the year ended June 30, versus a year-ago loss of $2.08 billion, or $3.58 per share. Its revenue rose 2.7% to $8.89 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $8.96 billion. News Corp shares fell 1.28% to close at $16.91 on Friday.

Wall Street expects Red Hat (NYSE: RHT) to post its Q2 earnings at $0.33 per share on revenue of $372.07 million. Red Hat shares fell 0.69% to close at $53.22 on Friday.

AT&T (NYSE: T) closed its acquisition of Atlantic Tele-Network's retail wireless assets. AT&T also projects to post record Q3 smartphone sales. AT&T shares declined 1.42% to close at $34.31 on Friday.

Shares of Darden Restaurants (NYSE: DRI) dipped 7.14% on Friday after the company reported a downbeat first-quarter profit and announced the retirement of its president and chief operating officer. Darden shares closed at $45.78 on Friday.

Posted-In: Stocks To WatchEarnings News Guidance Pre-Market Outlook Markets Trading Ideas

 

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