U.S. Hot Stocks: Hot Stocks to Watch

   By Maria Armental 
 

Among the companies with shares expected to trade actively in Tuesday's session are Johnson & Johnson (JNJ), Calpine Corp. (CPN) and Dollar Tree Inc. (DLTR).

Pharmaceutical giant Johnson & Johnson on Tuesday unveiled a plan to adjust its capital structure, buying back up to $10 billion of its shares and issuing debt. J&J also said profit dropped in its latest quarter as adverse exchange rates hit revenue. Shares fell 1.84% to $94.22 in premarket trading.

Calpine Corp. agreed to acquire a New Hampshire power plant from from Granite Ridge Holdings LLC for $500 million, expanding its presence in New England's wholesale electricity market. Shares were untraded premarket.

Discount-chain Dollar Tree Inc. said Tuesday that it would rebrand stores that it has operated under the Deals store banner, a move that comes as the company integrates Family Dollar stores. Shares rose 0.40% to $63.30 premarket.

Yadkin Financial Corp. (YDKN) said Tuesday that it agreed to acquire Newbridge Bancorp (NBBC) for about $456 million in stock, strengthening its position as the largest community bank in North Carolina. Yadkin shares rose 7.24% to $24.44 premarket, while Newbridge shares rose 14.54% to $10.16 premarket.

Fastenal Co. (FAST) on Tuesday posted earnings that edged up 2.4% in the latest quarter, and sales rose to just below Wall Street expectations as the downturn in oil continued to weigh on results. Shares fell 0.80% to $38.50 premarket.

Solera Holdings Inc. (SLH) said Tuesday that antitrust regulators have given early clearance for the insurance software provider to be taken over by Vista Equity Partners.

Chesapeake Energy Corp. (CHK) said board director R. Brad Martin was appointed nonexecutive chairman, succeeding Archie W. Dunham, who will become chairman emeritus.

FMC Corp. (FMC) on Monday cut again its profit projections for the year, citing the steep devaluation of the Brazilian real, and said it would eliminate 800 to 850 jobs.

Ryder System Inc. (R) on Monday cut its profit projections for the year, citing a temporary issue in its fleet-management segment and lower-than-expected U.S. sales of used power vehicles.

Write to Maria Armental at [e-mail]

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(END) Dow Jones Newswires

October 13, 2015 09:24 ET (13:24 GMT)

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