Market Overview

Must Watch Stocks for August 29, 2016

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Must Watch Stocks for August 29, 2016


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

  • Wall Street expects ScanSource, Inc. (NASDAQ: SCSC) to post quarterly earnings at $0.71 per share on revenue of $886.20 million after the closing bell. ScanSource shares slipped 0.50 percent to close at $42.21 on Friday.
  • Shares of Rackspace Hosting, Inc. (NYSE: RAX) gained over 4 percent on Friday after the company announced a transaction to be acquired by certain funds managed by affiliates of Apollo Global Management $32 per share in cash for a total of $4.3 billion. Rackspace shares rose 4.34 percent to close at $31.50 on Friday.
  • Carl Icahn revealed an additional stake in Herbalife Ltd. (NYSE: HLF). The famed investor disclosed a 2.3 million shares purchase made on Friday. Herbalife shares slipped 2.31 percent to close at $60.50 on Friday.

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  • Analysts are expecting Catalent Inc (NYSE: CTLT) to have earned $0.53 per share on revenue of $502.25 million in the latest quarter. Catalent will release earnings after the markets close. Catalent shares rose 0.12 percent to close at $25.00 on Friday.
  • Westar Energy Inc (NYSE: WR) disclosed that its board declared a quarterly dividend of $0.38 per share, payable October 3 to shareholders of record as of September 9. Westar Energy shares rose 0.22 percent to close at $54.50 on Friday.
  • Amarin Corporation plc (ADR) (NASDAQ: AMRN) disclosed that its subsidiary has announced a mandatorily exchange of all of its 3.5 percent May 2014 Exchangeable Senior Notes due 2032 into American Depositary Shares (ADSs) of Amarin. Each ADS represents one ordinary share of Amarin, meaning the company will issue 384.6154 ADSs for each $1,000 principal amount of 2014 Notes. Amarin shares rose 0.33 percent to close at $3.08 on Friday.
 

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