Stocks To Watch: Alcoa, Constellation Brands, Clearwire, Apollo

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Stocks To Watch: Alcoa, Constellation Brands, Clearwire, Apollo

Companies whose shares are expected to trade actively in today’s session are Apollo Group Inc (NASDAQ:APOL), Crosstex Energy, Inc. (NASDAQ:XTXI) (NASDAQ:XTEX), Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), Clearwire Corporation (NASDAQ:CLWR), Alcoa Inc. (NYSE:AA) and WD-40 Company (NASDAQ:WDFC).

Stocks To Watch: Alcoa, Constellation Brands, Clearwire, Apollo

Apollo Group Inc (NASDAQ:APOL): Enrollments are declining for the for-profit educator, thus hurting its revenues. Its first quarter profits plunged 11 percent, and Apollo has also lowered its full-year earnings forecasts. Apollo Group operates the University of Phoenix. Shares were down 10 percent to $18.84 in early market trading.

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Crosstex Energy, Inc. (NASDAQ:XTXI) (NASDAQ:XTEX): The midstream energy company is offering 7.5 million shares. Crosstex Energy, Inc. (NASDAQ:XTXI) (NASDAQ:XTEX) will use the proceeds to expand its Cajun-Sibon natural gas liquids pipeline. Shares plunged 5.08 percent to $14.89.

Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B): The company reported $109.5 million in profits for the third quarter ending November 30, up 4.5 percent from the same quarter a year ago. The  Victor, N.Y.-based company’s quarterly sales rose $766.9 million, from $700.7 million in last year’s third quarter. The company said it benefited from lower tax rates and higher sales. It has also upwardly revised its full-year estimates. Shares jumped 1.53 percent to $36.63 in early trading.

Clearwire Corporation (NASDAQ:CLWR): In what could be a potential takeover battle, Dish Network Corp. have made an offering to acquire the wireless broadband operator for $3.30 per share. Earlier, Sprint Nextel had made an offer for Clearwire. Dish’s offer is 11 percent higher than Sprint’s bid and 13 percent premium over Clearwire Corporation (NASDAQ:CLWR)’s Tuesday closing. Shares surged 7.36 percent to $3.16.

Alcoa Inc. (NYSE:AA): The company returned into the profit zone during the fourth quarter. Alcoa Inc. (NYSE:AA) said positive results were helped by the cost cutting efforts, stable raw aluminium prices and increased sales. Shares were up 1 percent to $9.19 in early market trading.

WD-40 Company (NASDAQ:WDFC): The maintenance and cleaning products company reported 61 percent increase in the first quarter profits due to stronger sales in Europe and Americas. WD-40 Company (NASDAQ:WDFC) shares gained 6.26 percent to $50.76 in early market trading.

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