Companies whose stocks are expected to trade actively in today’s session are EMC Corporation (NYSE:EMC), Cypress Semiconductor Corporation (NASDAQ:CY), Yum! Brands, Inc. (NYSE:YUM), Sears Holdings Corporation (NASDAQ:SHLD), Solar Capital Ltd. (NASDAQ:SLRC) and ConAgra Foods, Inc. (NYSE:CAG).
EMC Corporation (NYSE:EMC): William Blair has downgraded the data storage stock to a neutral rating. The firm warned that EMC Corporation (NYSE:EMC) may suffer “choppy” short-term results as it continues to move data to cloud systems. It will also lower the demand for server storage bundles. William Blair warned that the Wall Street analysts shouldn’t be overly “aggressive” on the stock. Shares plunged 1.70 percent to $23.72.
Cypress Semiconductor Corporation (NASDAQ:CY): The semiconductor manufacturer has reduced its fourth quarter earnings and revenue forecasts, saying that the slow demand in semiconductor industry has hurt its business more than expected. Shares were down 3.89 percent to $10.62 in early market trading.
Yum! Brands, Inc. (NYSE:YUM): Yum said that the government review of China poultry supplies last month generated poor publicity which severely affected KFC operations in China. The company said it expects the fourth quarter same-store sales to decline more than earlier expectations. Shares were down 4.32 percent to $64.92 in early trading.
Sears Holdings Corporation (NASDAQ:SHLD): The department store chain announced that billionaire hedge fund manager, Edward Lampert, will succeed Lou D’Ambrosio as its new chief executive. People familiar with the matter told the Wall Street Journal that Lou left due to the medical conditions of a close family member. Shares were initially up 2.3 percent in premarket trading, but plunged 1.78 percent to $42.16 in early trading.
Solar Capital Ltd. (NASDAQ:SLRC): The investment firm will put 6 million shares up for sale to make new investments and pay off the borrowings. Recently, Solar Capital Ltd. (NASDAQ:SLRC) had 38.7 million outstanding shares. Stocks were down 3.43 percent to $24.05 in early market trading.
ConAgra Foods, Inc. (NYSE:CAG): The food company is selling around 240 million shares in order to finance its acquisition of Ralcorp Holdings for $6.8 billion. ConAgra Foods, Inc. (NYSE:CAG) shares were down 1 percent to $29.86 in early trading.