Market Overview

Stocks To Watch For August 12, 2014

Related TW
Bank Of America Sees 4Q Beat And Exchange Trends Boost Shares For Towers Watson & Co.
UPDATE: Towers Watson FQ4 Profit Beats Estimates
Related RAX
Benzinga's M&A Chatter for Tuesday September 16, 2014
Rackspace Hosting, Inc. Kills Merger Plan, Stock Tumbles
IBM's (Not So) Secret Weapon: Hybrid Cloud Computing (Fox Business)

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

Wall Street expects Towers Watson & Co (NYSE: TW) to report its Q4 earnings at $1.25 per share on revenue of $850.80 million. Towers Watson shares climbed 1.65% to close at $104.27 yesterday.

Rackspace Hosting (NYSE: RAX) reported better-than-expected second-quarter revenue and posted flat earnings in line with analysts' estimates. The company also forecast Q3 revenue above expectations. Rackspace shares fell 1.47% to $30.85 in the after-hours trading session.

Analysts are expecting Fossil Group (NASDAQ: FOSL) to have earned $0.96 per share on revenue of $770.66 million in the second quarter. Fossil Group shares declined 1.11% to close at $103.21 yesterday.

JPMorgan Chase & Co (NYSE: JPM) agreed to sell approximately 50% of its investment in buyout arm One Equity Partners to Lexington Partners. J.P. Morgan shares declined 0.04% to close at $56.32 yesterday.

Analysts expect Valspar (NYSE: VAL) to report its Q3 earnings at $1.16 per share on revenue of $1.19 billion. Valspar shares rose 0.89% to close at $77.89 yesterday.

Ligand Pharmaceuticals (NASDAQ: LGND) announced a $225 million offering of convertible senior notes and also announced a $200 million share repurchase program. Ligand Pharma shares gained 4.19% to close at $53.65 yesterday.

Flowers Foods (NYSE: FLO) is projected to report its Q2 earnings at $0.24 per share on revenue of $940.83 million. Flowers Foods shares gained 0.35% to close at $20.01 yesterday.

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

 

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