Hot Stocks: Groupon, J.C. Penney, American Capital, Babcock & Wilcox

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Companies whose shares are expected to trade actively in today’s session are Groupon Inc (NASDAQ:GRPN), American Capital Agency Corp. (NASDAQ:AGNC), J.C. Penney Company, Inc. (NYSE:JCP), Babcock & Wilcox Co (NYSE:BWC), Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) and Continental Resources, Inc. (NYSE:CLR).

Hot Stocks: Groupon, J.C. Penney, American Capital, Babcock & Wilcox

Groupon Inc (NASDAQ:GRPN): The company posted disappointing fourth quarter results. Groupon’s losses widened amid slowing revenue growth. The company’s daily deals business is still under pressure, and margins from its e-commerce business are very low. Shares sank 28.29 percent to $4.28 in early trading.

American Capital Agency Corp. (NASDAQ:AGNC): The real estate investment trust is planning to offer 50 million shares. The proceeds will be used to purchase additional agency securities, and for other corporate purposes. As of January 31, the company had 338.9 million outstanding shares. The stock fell 3.97 percent to $31.48 in early market trading.

J.C. Penney Company, Inc. (NYSE:JCP): The retailer’s fourth quarter losses widened due to declining sales and margins. The results fell short of analysts’ estimates. Shares skidded 16.49 percent to $17.68 in early session.

Babcock & Wilcox Co (NYSE:BWC): The power generation technology company posted a fourth quarter profit after suffering losses in the same period last year. The company benefited from revenue growth in power generation and nuclear business, and fewer pension-related effects. BWC also projected 2013 earnings that handily topped Wall Street estimates. Shares soared 8.8 percent to $28.75 in early trading.

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG): The company said in a regulatory filing that an affiliate of its largest shareholder Lone Star Funds is offering 4.75 million shares of the common stock. As of February 22, Del Frisco’s had 23.8 million outstanding shares. The company will not receive any proceeds from the sale. Shares tanked 3.7 percent to $17.20.

Continental Resources, Inc. (NYSE:CLR): The Oklahoma-based oil and gas producer reported a net income of $1.19 per diluted share as production increased during the fourth quarter. Results were better than analysts’ expectations. Shares jumped 4.80 percent to $88 in the early trading session today.

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About the Author

Vikas Shukla
Vikas Shukla has a strong interest in business, finance, and technology. He writes regularly on these topics. - He can be contacted by email at v[email protected] and on Twitter @VikShukla10

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