Market Overview

Stocks To Watch For June 13, 2014

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

Intel (NASDAQ: INTC) lifted its revenue guidance. The company expected Q2 revenue of $13.4 billion to $14 billion, versus its earlier forecast of $12.5 billion to $13.5 billion. Intel shares climbed 5.58% to $29.52 in the after-hours trading session.

Sycamore Partners said Thursday that it is interested in acquiring Express (NYSE: EXPR). Sycamore has already acquired a 9.9% stake in Express, according to a regulatory filing. Express shares jumped 22.14% to $16.55 in the after-hours trading session.

Wall Street expects Multi-Color (NASDAQ: LABL) to post its quarterly earnings at $0.58 per share on revenue of $187.53 million. Multi-Color shares gained 0.26% to close at $35.16 yesterday.

Finisar (NASDAQ: FNSR) reported downbeat earnings for the fourth quarter and issued a weak profit forecast for the current quarter. Finisar shares tumbled 22.46% to $19.58 in the after-hours trading session.

Abraxas Petroleum (NASDAQ: AXAS) launched an offering of 10 million shares and lifted its FY14 production outlook to 5,800-6,000 Boepd. Abraxas shares fell 1.35% to $5.10 in after-hours trading.

Posted-In: Earnings News Guidance Offerings M&A Pre-Market Outlook Markets Trading Ideas

 

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