U.S. Hot Stocks: Hot Stocks to Watch
Among the companies with shares expected to actively trade in Friday's session are DuPont Co. (DD), Finish Line Inc. (FINL) and Manitowoc Co. (MTW).
Amedisys Inc. (AMED) projected a surprise profit for its second quarter, helped by its cost-cutting plans. Amedisys, a hospice and at-home health-care company, had previously disclosed plans to close or consolidate care centers and general and administrative expenses. Shares rose 8.2% to $14.55 premarket.
AZZ Inc.'s (AZZ) fiscal first quarter earnings edged up as sales grew more than expected, though the galvanizing services segment recorded lower revenue from a year earlier. Shares climbed 4.7% to $44 in light premarket trading.
Anadigics Inc. (ANAD), a maker of radio frequency products for the wireless communications and broadband markets, will cut about 30% of its work force as part of a plan to reduce fixed costs for its legacy mobile business. Shares dropped 12% to 92 cents in light premarket trading.
DuPont cut its earnings forecast for the year, pointing to a weaker-than-expected performance in its agriculture business in the second quarter. Shares dropped 3.1% to $65.60 premarket.
Finish Line said its fiscal first-quarter profit more than doubled as sales and margins expanded, the latest example of sporting-apparel chains outperforming other retailers. Shares rose 5.3% to $30.69 in premarket trading as the results easily surpassed analysts' expectations.
Activist investor Relational Investors LLC disclosed an 8.5% stake in Manitowoc and called for the company to spin off its foodservice-equipment business. Shares surged 9.3% to $32.47 premarket.
Nike Inc. (NKE) said its fiscal fourth-quarter earnings rose 5.4%, helped by the sporting-gear company's broad revenue growth across almost all its main geographic markets. Shares edged up 2.6% to $78.87 premarket.