U.S. Hot Stock Futures: Hot Stocks to Watch

By Dow Jones Business News, 
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Among the companies with shares expected to actively trade in Monday's session are BB&T Corp. ( BBT ), Campbell Soup Co. (CPB) and PetMed Express Inc. (PETS).

BB&T, one of the largest lenders in the southeastern U.S., reported second-quarter earnings that missed analysts' estimates as the bank's top line declined. Shares fell 4.8% to $37.05 premarket.

Campbell Soup warned that its sales growth for the upcoming fiscal year would likely fall below its long-term targets and the packaged food company may need to continue reshaping its portfolio to meet its goals. Shares slipped 1% to $ 43.52 premarket.

PetMed Express said its fiscal first-quarter earnings rose 4.6% on improved margins and lower operating costs that offset a decline in revenue. Still, shares fell 6.4% to $12.65 premarket as revenue missed analysts' expectations.

Corinthian Colleges Co. (COCO) said that it welcomed the government-appointed monitor overseeing the for-profit educator's wind-down, vowing full cooperation with the process. Shares added 6.3% to 22 cents premarket.

BlackBerry Ltd. ( BBRY ) Chief Executive John Chen is expanding his executive team, naming Marty Beard as chief operating officer on Monday. The Canadian smartphone maker has not had anyone in the position since a management shakeup last November, shortly after Mr. Chen took the helm, which resulted in the departure of former Chief Operating Officer Kristian Tear and others. Shares rose 1% to $10.14 premarket.

SunTrust Banks Inc. (STI) said its second-quarter profit increased 5.8% as the Atlanta-based lender's loan portfolio grew. Revenue and adjusted per-share earnings topped analysts' estimates. Shares rose 1.3% to $40.25 in premarket trading.

Extreme Networks Inc. (EXTR) preleased its fourth-quarter results, saying it expects revenue and adjusted per-share earnings to exceed its prior outlook. The company said it was reporting preliminary results because the release of its fourth-quarter earnings report will be delayed because extra time is needed to complete audit processes since the company's acquisition of Enterasys. Extreme Networks shares jumped 14% to $4.99 premarket.

Watchlist:

Agricultural chemicals company American Vanguard Corp. ( AVD ) said recent purchasing patterns reflecting a "downshift" for corn-related products will hurt second-quarter results.

CBS Outoor Americas Inc. ( CBSO ) said that it had struck a deal to buy 1,100 billboards from Van Wagner Communications LLC for $690 million in cash, as the former CBS Corp. unit looks to broaden its reach.

Halliburton Co. (HAL) gave Chief Operating Officer Jeff Miller the added title of president and said he would join the oil-field services giant's board as it beefs up its executive ranks. The company, which also reported its second-quarter profit rose 20%, said Mr. Miller will complement the leadership of Chief Executive Dave Lesar.

Toy maker Hasbro Inc. (HAS) reported continued sales growth during the second quarter, buoyed in part by strong sales of My Little Pony and Transformers toys. Still, sales fell short of analysts' estimates amid softness in the company's games and preschool categories.

ManpowerGroup (MAN) said its second-quarter earnings shot up 61% as the temporary-staffing company reported increased revenue and benefited from a favorable comparison with the year-earlier quarter.

Six Flags Entertainment Corp. (SIX) said profit rose 39% in the second quarter, with admissions revenue increasing as attendance slid, suggesting fewer guests spent more money.

Valeant Pharmaceuticals International Inc. (VRX) said it has contacted regulators in Quebec and the U.S. about what it described as false statements made by Allergan Inc. ( AGN ), the latest tangle in the company's hostile takeover bid for the Botox maker. Meanwhile, Allergan outlined plans to cut 13% of its work force, part of a restructuring plan intended to save $475 million next year.

Barron's Watchlist:

Halliburton is a company people love to hate, but it has finally put the sources of much of the disapprobation behind it, so investors can now judge the company on its merits, according to Barron's. Big investments in technology have enabled Halliburton, the world's second-largest oilfield-services company to squeeze more production from mature wells. These are boom times in oilfield services. Halliburton leads in pressure pumping for fracking domestically, says Mark Luschini, chief investment strategist of Janney Montgomery Scott, which has a position in the stock. But Halliburton shares haven't caught up to these developments, which Barron's says is not surprising, given the company's troubled past. At a recent $70.35, the stock trades at 13.6 times next year's estimated earnings of $5.18 per share, well below its five-year average price/earnings multiple of 15.5. Lee Levy, founder and general partner of Canid Asset Management, a San Francisco value hedge fund that owns Halliburton shares, thinks the stock can gain 20% in the next 12 months, if, as expected, revenue from mature fields boosts margins and the shares get an above-average multiple. Although Halliburton is up 39% already this year and recently hit a historic high, Levy says "on a valuation basis, it's still really attractive."

Write to Anna Prior at anna.prior@wsj.com

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This article appears in: Energy

Referenced Stocks: AGN , AVD , BBRY , BBT , CBSO

Dow Jones Business News


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