Hot Stocks
Hi JPR:
According to Bloomberg the following stocks may move on account of news after market close Friday or better than expected earnings.Interesting.
Courtesy: Bloomberg.
Mon, 12 Oct 1998, 7:46am EDT
U.S. Equity Preview: Hambrecht & Quist, Lockheed, Starbucks
New York, Oct. 10 (Bloomberg) -- The following is a list of
companies whose shares may move in U.S. markets Monday, Oct. 12.
U.S. Equity Preview includes news that broke after the markets
closed. The stock symbol is in parentheses after the company
name. Friday's closing prices are included.
Boeing Co. (BA): The world's largest aircraft manufacturer
said it won a 10-year, $1.2 billion contract to upgrade systems
in a U.S. Air Force fleet of 87 transport planes made by rival
Lockheed Martin Corp. (LMT). Boeing rose 1 1/8 to 32.
Chrysler Corp. (C): The automaker's third-quarter profit is
expected to rise to 87 cents a diluted share from 69 cents in the
year-earlier period, according to the average estimate of
analysts surveyed by First Call Corp. Chrysler is scheduled to
report its results at 8 a.m. New York time Monday. Chrysler rose
4 3/8 to 41 3/4.
Eastman Kodak Co. (EK): The world's largest photography
company is expected to earn $1.20 a share in the third quarter,
the average estimate of analysts polled by First Call. The
company earned 80 cents in the year earlier period. The company
is scheduled to release its earnings on Tuesday at 7:30 a.m. New
York time. Eastman Kodak rose 3 1/4 to 82 1/16.
Hambrecht & Quist Group (HQ): The investment bank said
fiscal 1998 earnings per share will ''be close'' to its earnings
last year, which would put them below analysts estimates. The
company also said it will put a freeze on new hiring and
eliminate some of its 800 jobs, mostly through attrition, to cut
costs. Hambrecht & Quist was expected to earn $1.82 a share in
the year ended Sept. 30, the average estimate of three analysts
by First Call Corp. It earned $1.68 a share in fiscal 1997.
Hambrecht & Quist rose 1 3/16 to 15 7/8.
Johnson & Johnson (JNJ): The medical products company's
third-quarter earnings are expected to rise to 70 cents a share,
the average estimate of analysts polled by First Call. The
company earned 63 cents in the year earlier period. The company
is scheduled to release its earnings Tuesday morning. Johnson &
Johnson rose 3/16 to 76.
Lockheed Martin Corp. (LMT): The second largest defense and
aerospace company's Astronautics unit received a $1.3 billion Air
Force contract to complete production of the Titan IV space
launch rocket line, once one of its most profitable programs, and
provide launch services. The contract, which was expected,
bankrolls the end of the Titan IV missile line as Lockheed Martin
prepares to offer the Air Force a new, cheaper fleet of rockets
called the Evolved Expendable Launch Vehicle, or EELV, for
launches after 2002. Lockheed rose 6 5/16 to 109 13/16.
Movie Gallery Inc. (MOVI): The video rental chain said it
will report a larger-than-expected third-quarter loss. The
company expects to lose 8 cents to 14 cents a share, more than
the average estimated loss of 4 cents a share from three analysts
polled by First Call. It had a loss of 12 cents in the year-
earlier quarter. Movie Gallery fell 3/16 to 2 13/16.
Oakwood Homes Corp. (OH): The manufactured home company said
it's buying back up to $25 million of its common stock from time
to time on the open market. Oakwood Homes rose 9/16 to 12.
Pfizer Inc. (PFE): The drugmaker's third-quarter earnings
are expected to rise to 57 cents a diluted share, the average
estimate of analysts polled by First Call. The company earned 46
cents in the year earlier period. Pfizer is expected to release
earnings next week. Pfizer rose 3 1/4 to 93.
Potlatch Corp. (PCH): The forest products company said it
had third-quarter earnings of 43 cents a share, beating the 40-
cent average estimate of analysts polled by First Call. The
company earned 48 cents in the year-earlier period. Potlatch rose
13/16 to 34 13/16.
Starbucks Corp. (SBUX): The largest gourmet-coffee chain is
expected to earn 28 cents a share for the fourth quarter ended
Sept. 28, the average estimate of analysts polled by First Call.
The company earned 22 cents in the year-earlier period. Starbucks
is scheduled to report earnings Monday. Starbucks rose 7/8 to 35.
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