U.S. Hot Stocks: Hot Stocks to Watch

   By Chris Wack 
 

Among the companies with shares expected to trade actively in Monday's session are EMC Corp. (EMC), Eli Lilly & Co. (LLY) and Norwegian Cruise Line Holdings Ltd. (NCLH).

Dell Inc. and private-equity firm Silver Lake will buy EMC Corp. for roughly $67 billion in cash and stock, marking one of the largest technology-industry takeovers ever. Shares of EMC Corp. rose 3.43% to $28.82 in premarket trading.

Eli Lilly & Co. said it is ending development of its experimental drug for high-risk atherosclerotic cardiovascular disease following the urging of an independent data-monitoring committee because the treatment wasn't effective enough. Shares fell 10.63% to $77.00 premarket.

Norwegian Cruise Line Holdings Ltd. said Monday it would add its first vessel custom-made to cater to the Chinese market in 2017. Shares were untraded premarket.

Staples Inc. (SPLS) and Office Depot Inc. (ODP) said they agreed to a Federal Trade Commission decision to extend its review of Staples' planned $6.3 billion deal to buy its office-supplies rival by nearly two months.

Phillips 66 (PSX) said Monday that it has set its 2016 capital budget at $3.6 billion, down from $4.6 billion last year, and boosted its stock-buyback plan by $2 billion. Shares rose 0.81% to $84.20 premarket.

Chipmaker Qualcomm Inc. (QCOM) said Monday it has agreed to sell its Vuforia business to software company PTC Inc. (PTC).

Write to Chris Wack at [e-mail]

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(END) Dow Jones Newswires

October 12, 2015 09:20 ET (13:20 GMT)

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