Must Watch Stocks for July 1, 2016

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

• Hertz Global Holdings Inc HTZ reported that it has received $2 billion proceeds from the separation of its equipment rental business. The company also announced a $395 million buyback plan. Hertz shares fell 0.18 percent to $11.05 in the after-hours trading session.
• Micron Technology, Inc. MU reported a narrower-than-expected loss for the third quarter, but the company missed analysts’ sales estimates. The company also projected a surprise adjusted loss for the fourth quarter. Micron also announced number of initiatives to reduce costs, including global workforce reduction. Micron shares tumbled 9.45 percent to $12.46 in the after-hours trading session.

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• Franklin Covey Co. FC posted weaker-than-expected results for its third quarter on Thursday. Franklin Covey shares dropped 2.48 percent to $14.95 in the after-hours trading session.
• Shares of Hershey Co HSY surged more than 16 percent on Thursday after Mondelez International Inc MDLZ presented a takeover bid to acquire Hershey for $107 per share in cash and stock, as well as other non-monetary considerations. However, Hershey's board rejected the preliminary offer by Mondelez. Hershey shares fell 0.27 percent to $113.18 in after-hours trading, while Mondelez shares slipped 0.18 percent to $45.43 in the after-hours trading session.
• Apple Inc. AAPL is in talks to acquire Jay Z's streaming-music service Tidal, the Wall Street Journal reported. Apple shares fell 0.22 percent to $95.39 in pre-market trading.