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

Among the companies with shares expected to actively trade in Wednesday's session are Cliffs Natural Resources Inc. (CLF), Francesca's Holdings Corp. (FRAN) and Access Midstream Partners LP (ACMP).

The bloodletting in shares of iron-ore miner Cliffs Natural Resources Inc. isn't done, contend Morgan Stanley and Credit Suisse as they slash price targets on the stock. Credit Suisse, already bearish and which goes to $10 from $30, says, "structural changes taking place in CLF's key Great Lakes market...will compromise its pricing power and erode the earnings potential of the US iron-ore business." Shares dropped 11% premarket to $18.53.

Francesca's Holdings Corp. said some shareholders, including members of the retailer's management and private-equity firm CCMP Capital, plan to sell 7.4 million of its shares. Francesca's had 43.9 million shares outstanding as of March 1. Shares fell 5.5% to $28.50 premarket.

Access Midstream Partners LP said it will sell nine million units, in part to raise money to repay debt. The energy company recently had around 97.4 million units outstanding. Units fell 4% to $39.60 in premarket trading.

Government-services contractor SAIC Inc. (SAI) posted a stronger-than-expected fourth-quarter profit and declared a special cash dividend of $1 a share. Share rose 2.6% to $13.30 in premarket trade.

 
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Barclays Bank PLC (BCS, BARC.LN) is offering to buy back up to $1 billion worth of its debt with cash through a modified Dutch auction, as part of its ongoing liability-management program.

Capital Trust Inc. (CT) filed plans to offer up to $100 million in common stock. The real-estate finance firm had 29.3 million Class A shares outstanding as of March 25.

CBS Corp. (CBSA, CBS) has agreed to buy half of TV Guide Network and will enter a 50-50 partnership with Lions Gate Entertainment Corp. (LGF) for the entertainment channel and website.

Gleacher & Co. (GLCH), the embattled advisory and trading firm that has struggled with internal turmoil as it seeks a buyer, is setting up for a proxy battle later this spring.

Landec Corp.'s (LNDC) fiscal third-quarter profit was roughly flat as the food-packaging maker's sharp revenue growth was offset by higher costs and charges. The company said bad weather in Florida would affect its fourth-quarter results.

LogMeIn Inc. (LOGM) said a federal jury in Virginia has found that its products don't infringe on a patent held by 01 Communique Laboratory Inc. (OCQLF, ONE.T).

Mattress Firm Holding Corp.'s (MFRM) fiscal fourth-quarter earnings fell 56% as impacts from a year-earlier tax benefit masked strong sales growth at the bedding retailer.

-Write to Mia Lamar at [e-mail]

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