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

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.

Leon Cooperman Likes These Real Estate, Credit And Private Equity Funds

InvestMany famous hedge fund managers engage in philanthropy, often through their own foundations. Leon Cooperman of Omega Advisors founded his foundation with his wife Toby, and he invested the foundation's funds into many hedge funds and other assets. Q3 2021 hedge fund letters, conferences and more Here are Leon Cooperman's favorite hedge funds based on Read More

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.

Updated on

No posts to display