Hot Stocks to Watch in the U.S. and Canada

Among the companies with shares expected to trade actively in Wednesday's session are Best Buy Co. (BBY), Weight Watchers International Inc. (WTW), and Lowe's Cos. (LOW).

Best Buy posted a surprise decline in revenue in the final quarter of the year as it struggled to make certain products available to customers. Shares of the company dropped 3.9% to $42.43 in premarket trading.

Weight Watchers profit more than doubled in 2016 as the weight-loss company expanded its member rolls for the first time in four years. Shares climbed 17% to $16.90 premarket.

Lowe's posted revenue and profit growth in the latest quarter as an increase in same-store sales helped drive results. Shares rose 8.9% to $81.00 premarket.

Dollar Tree Inc.'s (DLTR) profit shot up 41% in the latest quarter and margins expanded amid more shoppers coming to its stores--and spending more while there. The company's shares rose 3.7% to $79.54 premarket.

Sarepta Therapeutics Inc. (SRPT) has dropped 6.9% to $28.96 after reporting a smaller-than-expected loss, but offering below-consensus guidance.

Mylan NV's (MYL) profit more than doubled in the final quarter of the year as the drug maker posted double-digit sales gains across regions. Results easily topped expectations and shares were up 5.7% premarket at $44.25.

United States Steel Corp. (X) has gained 3.9% after promoting its chief financial officer to president.

Salesforce.com Inc. (CRM) posted a 29% jump in deferred revenue for its fiscal fourth quarter, a sign the business-software company continues to rack up customers moving computing operations to the cloud. Because Salesforce relies on subscriptions of its web-based, on-demand software, deferred revenue is considered a better indicator for the company's prospects than overall revenue.

Tribune Media Co. (TRCO) swung to a profit in the fourth quarter as political advertising during the quarter boosted its top line.

American Eagle Outfitters Inc. (AEO) suffered a comparable-store sales decline in for its namesake brand its latest quarter as the company said it faced a challenging retail environment. Shares fell 5.4% in premarket trading as the company posted a revenue and profit decline.

Office Depot Inc. (ODP) said it doesn't anticipate sales growth this year as the office-supplies retailer reported its top line fell 2% in the fourth quarter.

Sluggish holiday sales compounded by drone production issues drove chip maker Ambarella Inc. (AMBA) to its first annual revenue decline as a public company. Fourth-quarter profit, however, surged more than threefold while sales rose 29%.

Etsy Inc.'s (ETSY) quarterly loss widened sharply on higher expenses, even as the company continued to add users and posted strong revenue growth.

Box-office hits and acquisitions helped AMC Entertainment Holdings Inc. (AMC) post record-high revenue even as acquisition costs dragged down profit in the latest period.

Ross Stores Inc.'s (ROST) fourth-quarter results beat projections, but the retailer offered a tepid projections for the current quarter and business year citing political and economic uncertainty.

Write to Jenny Roth at [e-mail] and Maria Armental at [e-mail]

(END) Dow Jones Newswires

March 01, 2017 09:31 ET (14:31 GMT)

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