Published January 08, 2014
Wall Street Not 'Pleased' With Penney and Other #Stocks2Watch
#Stocks2Watch: JCP, TWTR, FRX
J.C. Penney said it was 'pleased' with its holiday performance, but Wall Street disagreed, sending its shares sliding in the pre-market.
J.C. Penney [JCP]
J.C. Penney said it was 'pleased' with its holiday performance and reaffirmed its fourth-quarter outlook. Still, the shares are stumbling more than 7% in early trading.
Twitter shares are in the red again after analysts at Cantor Fitzgerald sliced the microblogging site's outlook to "sell" from "hold." Cantor maintained its $32 price target, but said the fundamentals don't support Twitter's high share price.
Forest Laboratories [FRX]
Forest Laboratories said it would buy privately-held Aptalis for $2.9 billion in cash. The shares are surging 10% in pre-market action.
Micron shares are roaring higher in the pre-market after the chipmaker posted better-than-expected quarterly profits and revenues. The firm has found success in making key components for mobile devices and PCs.
Constellation Brands [STZ]
Constellation Brands is seeing its shares bubble higher in the pre-market after the beer importer said its quarterly profits nearly doubled. The company also boosted its adjusted profit view.