U.S. Hot Stocks: Hot Stocks to Watch

Among the companies with shares expected to trade actively in Thursday's session are Ciena Corp. (CIEN), Visteon Corp. (VC) and LoJack Corp. (LOJN).

Telecom-equipment maker Ciena Corp. posted a downbeat revenue forecast but narrowed its loss as the company continues to adapt to cloud-based and mobile-based networking demands. Shares fell 11.86% to $21.25 in premarket trading.

Visteon Corp. said Thursday its board declared a $1.75 billion special cash distribution and authorized another $500 million of stock buybacks. Shares rose 2.07% to $121.28 premarket.

CalAmp Corp. (CAMP) on Thursday went public with its $113 million offer for LoJack Corp., after unsuccessfully pursuing the maker of car theft-recovery systems for nearly two years. Shares of CalAmp rose 2.69% to $19.06 premarket. Shares of LoJack rose 47.34% to $5.12 premarket.

ConocoPhillips (COP) estimated capital expenditures of $7.7 billion for next year, a 25% decline from the reduced levels the oil major expects to spend for 2015. Shares fell 0.45% to $48.25 premarket.

Stryker Corp. (SYK) said Monday it would raise its quarterly dividend to 38 cents a share from 34.5 cents a share.

Yum Brands Inc. (YUM) on Thursday offered up a few financial targets for its business ahead of the split off of its struggling China division next year.

Kite Pharma Inc. (KITE) said Thursday an underwritten public offering of 3.6 million shares of its common stock will be priced to the public at $69 a share.

American Superconductor Corp. (AMSC) raised its guidance for the current quarter following better-than-expected revenue in its wind business.

Athenahealth Inc. (ATHN) projected 2016 earnings that beat Wall Street expectations and said it plans to scale its operations to improve its margins.

Chevron Corp. (CVX) projected capital spending plans for 2016 of $26.6 billion, which the oil giant said is 24% below expected capital and exploratory spending this year.

First Solar Inc. (FSLR) on Wednesday gave lackluster projections for the upcoming fiscal year.

Men's Wearhouse Inc. (MW) warned on Wednesday it may miss its profit projection for the year if Jos. A. Bank sales don't pick up during the holiday season. The company swung to a third-quarter loss as it booked a $90.1 million charge to adjust the trademark value of the struggling chain.

Write to Chris Wack at [e-mail] and Maria Armental at [e-mail]

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Write to Maria Armental at [e-mail]

(END) Dow Jones Newswires

December 10, 2015 09:35 ET (14:35 GMT)

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