Wall Street Not 'Pleased' With Penney and Other #Stocks2Watch
#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail adam.samson@foxbusiness.com and tell us what stocks you're watching -- your picks could appear online!
1. 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.
2. Twitter [TWTR]
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.
3. 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.
4. Micron [MU]
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.
5. 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.