U.S. Hot Stocks: Hot Stocks to Watch

By Dow Jones Business News, 
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Among the companies with shares expected to actively trade in Wednesday's session are Time Warner Inc. (TWX), Bank of America Corp. ( BAC ) and Intel Corp. (INTC).

Abbott Laboratories ( ABT ) said its second-quarter earnings decreased 2.2% on tax-related costs, though revenue edged up, led by the diagnostics business. "We're ahead of our expectations through the first half of the year and are raising our EPS guidance range as we continue to shape the company for long-term growth," said Chairman and Chief Executive Miles D. White. Shares edged up 2% premarket to $42.01.

Bank of America said its second-quarter profit slid 43% as the banking giant was again weighed down by large one-time legal charges and a slump in mortgage originations. The bank also said it had reached a $650 million deal with American International Group Inc. ( AIG ). Shares edged down 1% to $15.66 premarket.

BlackRock Inc. ( BLK ) said its second-quarter profit and revenue jumped as assets under management surged, helping the firm's results easily top analysts' expectations. Shares edged up 1.3% to $328 premarket.

Intel said it shipped a record number of microprocessors in its second quarter, posting a 40% jump in profit, in line with an increased June forecast. Intel predicted another jump in revenue in the current quarter, with gross profit margins approaching record levels. Shares rose 5.2% to $33.35 premarket.

Textron Inc. (TXT) said its second-quarter profit climbed 27% as revenue improved across nearly all of its business segments and continued to benefit from the aircraft maker's acquisition of Beechcraft Corp. The company's earnings topped analysts' expectations, pushing shares up 3.3% to $39.62 premarket.

21st Century Fox Inc. (FOXA) made an offer in early June to buy Time Warner at $85 a share. Time Warner rejected the offer curtly, after Chief Executive Jeff Bewkes took the proposal to the board. Since then, Time Warner has been unwilling to engage with Fox, according to people familiar with the situation. Time Warner surged 17% to $83.01 premarket.

Watch List:

AAR Corp. ( AIR ) projected per-share earnings for its recently started fiscal year that missed analysts expectations, though the company's fiscal fourth quarter beat estimates.

Cintas Corp. (CTAS) posted higher earnings for its fiscal fourth quarter, but the workplace-uniform maker said it is cautious on the economic outlook.

Hershey Co. (HSY) said it would increase prices, citing higher commodity, utility and transportation costs. It also said it expects 2014 sales and earnings growth around the low end of its targets for the year.

Interactive Intelligence Group Inc. (ININ) cut its revenue projection for the second quarter, saying total orders had fallen 38%.

Pfizer Inc. (PFE) said a regimen for treating patients with hemophilia B met the primary endpoint of its Phase 3 trial. The pharmaceutical giant said its Benefix coagulation factor IX regimen demonstrated a statistically significant reduction in bleeding rates for patients with moderately severe to severe hemophilia B compared to rates for those receiving on-demand treatment with Benefix.

PNC Financial Services Group Inc.'s (PNC) second-quarter earnings dropped slightly, as the regional lender posted a decline in revenue. The bottom line beat expectations.

PolyOne Corp. (POL), which produces polymer materials including color and additive concentrates, vinyl materials and resins, said it will close two plants in Brazil.

Realogy Holdings Corp. (RLGY) has reached an agreement to buy ZipRealty Inc. (ZIPR) for $166 million in cash at a big premium, the companies said Tuesday.

Sirius XM Holdings Inc. (SIRI) has authorized a $2 billion increase to its stock buyback, citing confidence in its long-term growth prospects.

St. Jude Medical Inc. (STJ) said its second-quarter earnings more than doubled as the medical-device maker's revenue improved, though the year-earlier period was weighed down by debt-extinguishment costs. Earnings topped expectations, and the company raised its outlook for the year.

U.S. Bancorp's (USB) second-quarter profit increased slightly as the regional bank posted higher revenue and loan growth. The results beat expectations.

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

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This article appears in: Commodities

Referenced Stocks: ABT , AIG , AIR , BAC , BLK

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