U.S. Hot Stocks Futures: Hot Stocks to Watch

Among the companies with shares expected to actively trade in Friday's session are Vanda Pharmaceuticals Inc. (VNDA), Kimberly-Clark Corp. (KMB) and Cell Therapeutics Inc. (CTIC).

Vanda said a U.S. Food and Drug Administration advisory committee voted to approve the company's flagship drug, tasimelteon, a potential treatment for Non-24-Hour Disorder. Tasimelteon, which has the proposed tradename Hetlioz, is currently under priority review by the FDA, which will make a final decision on approving the drug in January. Vanda's shares jumped 13% to $14.73 in premarket trading.

Kimberly-Clark is mulling a spinoff of its health-care business, potentially unloading a division that generates about $1.6 billion in annual sales but represents the consumer-products giant's smallest business. Investors cheered the news, sending shares up 3% to $113 in premarket trading.

Baxter International Inc. (BAX) and Cell Therapeutics Inc. (CTIC) unveiled an exclusive licensing agreement to develop and commercialize pacritinib, which is currently in Phase III development to treat a chronic bone marrow disorder. Shares climbed 21% to $2.12 premarket.

T-Mobile US Inc.'s (TMUS) offering of about 66.2 million shares priced at a 2% discount to the wireless carrier's closing price. The offering priced at $25 a share and is expected to generate about $1.6 billion in proceeds, T-Mobile disclosed late Thursday. Shares were off 2.5% at $24.89 premarket.

 
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Agilent Technologies Inc.'s (A) fiscal fourth-quarter earnings fell 50% as continued weakness in its electronic measurement business that the company is in the process of spinning off continued to weigh on the diversified testing-equipment maker's revenue. The company's adjusted profit topped expectations.

Applied Materials Inc. (AMAT) swung to fiscal fourth-quarter profit on double-digit revenue growth and stronger margins. The company, which supplies costly machines that help turn silicon wafers into computer chips, also gave a mostly cautious outlook for the current quarter.

Jos. A. Bank Clothiers Inc. (JOSB) terminated its unsolicited $2.3 billion takeover offer for rival men's clothing retailer Men's Wearhouse Inc. (MW), though left the door open for the potential of future acquisition talks.

Activist investor Carl Icahn reported an increased holding in Navistar International Corp. (NAV) as of Sept. 30, according to a regulatory filing Thursday.

Nordstrom Inc.'s (JWN) fiscal third-quarter profit slid 6.2% as the high-end retailer's sales growth was tempered by the absence of a key sale event that was held earlier in the year, while overhead expenses jumped.

Write to Nathalie Tadena at [e-mail]

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