Market Overview

Stocks To Watch For August 23


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

Wall Street expects La-Z-Boy Incorporated (NYSE: LZB) to report its FQ1 EPS at $0.06 on revenue of $278.75 million. LZB shares dropped 1.95% to close at $7.05 yesterday.

Focus Media Holding Ltd (NASDAQ: FMCN) its Q2 net income attributable to Focus Media at $42.8 million, or $0.30 per American depositary share (ADS), up from $25.3 million, or $0.17 per ADS, in the year-ago quarter. Excluding one-time items, the company's earnings came in at $0.44 per ADS. Its revenue surged 48% to $166.1 million. FMCN shares jumped 7.21% to $29.15 in the after-hours trading session.

Analysts are expecting H.J. Heinz Company (NYSE: HNZ) to have earned $0.76 per share on revenue of $2.78 billion in the fiscal first-quarter. HNZ shares declined 0.13% to $51.97 in after-hours trading.

UBS AG (NYSE: UBS) announced its plans to cut about 3,500 jobs, or more than 5% of its workforce, to reduce costs. UBS shares fell 1.14% to $13.04 in the after-hours trading session.

Analysts expect Pacific Sunwear of California Inc (NASDAQ: PSUN) to post a Q2 loss at $0.24 per share on revenue of $211.80 million. PSUN shares fell 4.85% to close at $1.96 yesterday.

Trading Ideas.

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


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