U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to trade in Tuesday's session are Diamond Foods Inc. (DMND), Gulfport Energy Corp. (GPOR), and Galena Biopharma Inc. (GALE).

Diamond Foods Inc. swung to a fiscal first-quarter loss as the snack-food company was again hit by expenses related to the investigation of an accounting scandal and the restatement of its earnings. Shares were down 2.6% after hours to $13.60.

Gulfport Energy Corp. plans to acquire around $300 million in additional oil and gas assets in the Utica Shale and is planning a stock offering to fund the purchase. Shares were off 3.9% to $37.50 in after-hours trading.

Galena Biopharma intends to offer an undisclosed number of stock and warrants. The pharmaceutical company intends to use proceeds to conduct its ongoing phase 3 clinical trial for NeuVax, its phase 1/2 clinical trial for Folate Binding Protein-E39 and the planned phase 2 clinical trial for NeuVax in combination with trastuzumab, as well as for general corporate purposes. Shares dropped 23% after hours to $1.44.

RAIT Financial Trust (RAS) has launched an offering of nine million shares, planning to use the proceeds for business investments and for general purposes. The real-estate investment trust recently had 49.9 million shares outstanding. Shares were off 5.5% in after-hours trading to $5.65.

 
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Allstate Corp. (ALL) said its board has approved the repurchase of as much as $1 billion of the company's shares, as it seeks to improve shareholder returns while at the same time issuing the same amount in subordinated debt.

The Bancorp Inc. (TBBK) has unveiled a public offering for $50 million of its stock and plans to use proceeds for general corporate purposes, including the support of its continued and future anticipated growth. The holding company for the Bancorp Bank recently had a market capitalization of around $392 million, according to FactSet.

Eli Lilly & Co.'s (LLY) board authorized a $1.5 billion share buyback program, joining a list of companies making shareholder friendly moves. The drug maker, which expects to complete the buyback program during 2013, said the acquired shares will be retired.

Liberty Global Inc. (LBTYA, LBTYB) has launched an offer of 35 euros a share, or $46.10--equating to $2.5 billion--for the shares it doesn't already own of Telenet Group Holding NV (TLGHY, TNET.BT), sticking with its previous bid in the face of the Belgian cable company's own higher-valuation assessment.

SHFL Entertainment Inc.'s (SHFL) fiscal fourth-quarter earnings rose 11% as the casino-games company continued to benefit from growing revenue from royalties.

Solar Capital Ltd. (SLRC) has agreed to pay about $275 million to buy Crystal Capital Financial Holdings LLC, saying it believes the commercial finance company's business can take in attractive returns in an uncertain market.

Spectrum Brands Holdings Inc. (SPB) said Monday the recently completed acquisition of Stanley Black & Decker Inc.'s (SWK) Hardware & Home Improvement Group will immediately add to the consumer-products company's earnings.

Steel Dynamics Inc. (STLD) said it expects overall steel shipments in the fourth quarter to be roughly flat compared with the third quarter, saying economic and political uncertainty continue to affect buying patterns. Still, the steel producer gave a fourth-quarter earnings estimate that topped Street expectations.

Stewart Enterprises Inc.'s (STEI) fiscal fourth-quarter profit rose 5.3% as the funeral-services company reduced costs, while sales were roughly flat.

Vitamin Shoppe Inc. (VSI) has agreed to buy the assets of Super Supplements Inc. for about $50 million in cash, increasing the North Bergen, N.J., nutritional-products retailer's West Coast presence.

Walker & Dunlop Inc. (WD) said Chief Financial Officer and Treasurer Deborah A. Wilson will leave her job after the commercial real-estate lender's financial audit and annual financial statements are filed to regulators for 2012.

Write to Kristin Jones at [e-mail]

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