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

Among the companies with shares expected to trade actively in Thursday's session are Delta Air Lines Inc. (DAL), Tesaro Inc. (TSRO) and Straight Path Communications Inc. (STRP).

Delta Air Lines reported sliding profit in the latest quarter amid rising labor costs, but the company said it expects an important industry metric to turn positive in the current quarter as it aims to trim capacity growth. Shares fell 1.05% to $50.90 in premarket trading.

Tesaro said Wednesday the U.S. Food and Drug Administration asked for more information about its anti chemotherapy-induced nausea drug in a complete response letter. Shares fell 3.36% to $141.00 premarket.

Straight Path Communications announced a comprehensive settlement with the Federal Communications Commission related to the company's wireless spectrum licenses. Shares rose 52.82% to $48.00 premarket.

Home builder KB Home (KBH) said Wednesday that revenue rose 21% in the fourth quarter, though weakness in its financial-services segment dragged on profit.

Viacom Inc. (VIA) will pay its new chief executive $3 million in base salary under a three-year contract, though total compensation could be worth as much as $20 million if performance targets are reached.

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

(END) Dow Jones Newswires

January 12, 2017 09:20 ET (14:20 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.