Market Overview

Stocks To Watch For August 12, 2014

Related TW
Earnings Scheduled For November 5, 2014
Bank Of America Sees 4Q Beat And Exchange Trends Boost Shares For Towers Watson & Co.
Related RAX
D.A. Davidson Downgrades Several Tech Stocks; Which Tech Stocks Do Analysts Like?
UPDATE: D.A. Davidson Downgrades Rackspace Hosting On Valuation
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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