U.S. Hot Stocks: Hot Stocks to Watch

By Dow Jones Business News, 

Among the companies with shares expected to actively trade in Friday's session are CarMax Inc. (KMX), Darden Restaurants Inc. ( DRI ) and Oracle Corp. (ORCL).

AK Steel Holding Corp. ( AKS ) said second-quarter results will be hurt by lower production at blast furnaces, a move the company said was necessary because ice coverage on the Great Lakes delayed the shipping season and reduced the iron- ore supply. Shares dropped 5.2% to $7.05 premarket.

CarMax said its fiscal first-quarter profit jumped 16% on an uptick in consumer traffic. Results beat expectations, pushing shares up 14% to $51.71 premarket.

Cubist Pharmaceuticals Inc. ( CBST ) said the Food and Drug Administration accepted for priority review the company's new drug application for its investigational antibiotic for complicated urinary tract and complicated intra-abdominal infections. Shares rose 3.6% to $71 premarket.

Darden posted another period of declining sales at its Olive Garden and Red Lobster chains, while its quarterly earnings slid 35% thanks to higher costs and expenses. The casual-dining restaurant operator's profit fell far short of market expectations, pushing shares down 4.1% to $47.47 in premarket trading.

Activist investor Carl Icahn said Thursday that it is imperative Family Dollar Stores Inc. ( FDO ) be put up for sale immediately, and he again threatened to replace the discount retailer's board. Shares edged up 2.1% to $69.60 premarket.

Merrimack Pharmaceuticals Inc. (MACK) and Sanofi (SNY) have ended their license and collaboration agreement for the development and commercialization of Merrimack's antibody MM-121 to treat several forms of cancer. Merrimack dropped 10% to $7.07 premarket.

Oracle said sales of new software licenses, a closely watched metric, were flat in its latest quarter, while its profit for the period fell 4.2% on higher expenses. Shares declined 6.4% to $39.78 premarket.

Owens Corning (OC) lowered its earnings outlook for the year Friday as its roofing business continues to see weaker volumes. Shares slid 7% to $38.40 in premarket trading as the company said weakness in roofing volumes seen in the first quarter continued in April and May, dragging down its full-year expectations.

Midstream energy company Targa Resources Corp. (TRGP) said it had terminated "high-level preliminary discussions" on a potential merger with Energy Transfer Equity LP ( ETE ). Targa shares dropped 9.7% to $136 premarket.

Write to Maria Armental at maria.armental@wsj.com

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This article appears in: Energy , Commodities

Referenced Stocks: AKS , CBST , DRI , ETE , FDO

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