U.S. Hot Stocks: Hot Stocks to Watch

Among the companies with shares expected to actively trade in Wednesday's session are Lowe's Cos. (LOW), American Eagle Outfitters Inc. (AEO) and Target Corp. (TGT).

Lowe's scaled back its sales guidance for the year even as the home-improvement retailer's earnings and sales increased more than expected for its fiscal second quarter. Shares fell 3% to $49.99 in recent premarket trading.

Target lowered its outlook for the year, still reeling from the massive data breach of its customers' credit and debit card information and slower customer traffic at its stores. Shares fell 2% in premarket trading to $58.10.

American Eagle Outfitters said its fiscal second-quarter earnings slid 70% as the teen apparel retailer's same-store sales slumped, though results were slightly better than expected. Shares rose 9.9% to $12.77.

Macy's Inc. (M) reached a $650,000 settlement with the state of New York related to allegations of racial profiling. Shares edged up 0.6% to $59.31.

Staples Inc. (SPLS) said its fiscal second-quarter profit and sales declined, while the struggling office-supplies retailer pushed ahead in its plans to close underperforming stores and spark sales growth online. Shares rose 2% to $11.85.

Gordmans Stores Inc. (GMAN) Tuesday said it has named Andrew T. Hall as its president and chief executive. Mr. Hall will succeed board Chairman T. Scott King, who has held the posts on an interim basis since March. Shares were inactive premarket.

Hertz Global Holdings Inc. (HTZ) on Tuesday withdrew its full-year guidance citing operational challenges and costs associated with a continuing audit of its results dating to 2011. Shares slid nearly 13% to $27.51.

La-Z-Boy Inc. (LZB) said its fiscal first-quarter profit rose 36% as the company reported increased sales across its distribution channels, though sales at furniture galleries opened for a year or more edged up a mere 1%. Shares fell 3.3% to $22.45.

Leggett & Platt Inc. (LEG) on Tuesday said it has reached a tentative agreement to resolve antitrust claims tied to the company's sale of polyurethane foam. The Carthage, Mo., company said it expects to record a $39.8 million pre-tax accrual for the settlement of the U.S. direct purchaser class portion of the antitrust claims, which would impact third-quarter earnings by about 18 cents a share. Shares were inactive.

Orthofix International NV (OFIX) said Tuesday it would restate its financial statements going back to 2011 after finding a series of accounting errors. Shares were inactive.

PetSmart Inc. (PETM), under pressure from big shareholders to sell itself, said Tuesday that it will explore strategic alternatives, including a possible sale, as the pet-goods retailer unveiled a cost-savings plan and reported a roughly 5% increase in net income for the second quarter. Shares rose 2.2% to $71.22.

Samsung Electronics Co.'s subsidiary Samsung Electronics America Inc. has agreed to pay $2.3 million to resolve allegations it had given resellers erroneous information on the origin of its products, which resulted in government agencies buying Samsung products made in nonauthorized countries such as China, the Justice Department said Tuesday.

Write to Maria Armental at [e-mail]

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