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

Among the companies with shares expected to actively trade in Wednesday's session are Bank of America Corp. (BAC), Zagg Inc. (ZAGG) and Mattel Inc. (MAT).

Bank of America's second-quarter profit jumped 63%, beating analyst estimates, as the banking giant's results were boosted by strong income from its global markets arm and improved credit quality, although it was hit by greater losses in its mortgage banking unit. Shares rose 1% to $14.06 premarket.

Mobile-device accessory maker Zagg slashed its full-year sales target for the second time this year, saying demand has been dampened by a lack of major device launches and slower-than-expected retail-distribution expansion. Shares slumped 14% to $5.03 in premarket trading.

Mattel's second-quarter earnings fell 24%, partly due to asset-impairment charges, while the toy maker's sales declined in two of its three segments. Shares fell 7.1% to $43.02 premarket as the company reported downbeat sales, including a 12% slump for Barbie as that line's performance continues to worsen after a meek 2012.

Drug developer Verastem Inc. (VSTM) plans to offer shares, but said the amount and timing are subject to market conditions. Shares dropped 10% premarket to $15.21.

CSX Corp.'s (CSX) second-quarter earnings rose 4.5% as the railroad company's increase in merchandise and intermodal shipments more than offset lower coal volume. Shares climbed 1.4% to $24.98 premarket as results beat analyst expectations.

Textron Inc.'s (TXT) second-quarter earnings fell 34% as the aircraft, defense and industrial company delivered far fewer Cessna jets. Shares fell 4.1% to $26.60 premarket as revenue missed Wall Street expectations.

Biopharmaceutical company Regulus Therapeutics Inc. (RGLS) said its offering of 4.5 million shares priced at $9.50 a share, roughly an 11% discount to Tuesday's close. The company had 36 million shares outstanding as of May 10. Shares fell 7.4% to $9.90 premarket.

Superior Energy Services Inc. (SPN) projected second-quarter earnings below analysts expectations as the oil-field services company was hit by downtime associated with the repositioning of some pressure-pumping equipment to other energy basins, flooding in North Dakota and delays in Mexico. Shares fell 3.4% to $26.09 premarket.

 
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Chevron Corp. (CVX) agreed to fund most of a $1.5 billion joint venture with Argentina's state-run energy company YPF SA (YPF, YPFD.BA), to develop the South American country's vast shale oil and gas deposits.

EQT Midstream Partners LP (EQM) said its upsized offering of 11 million units priced at a slight discount to its Tuesday closing price. The limited partnership, which was formed by EQT Corp. (EQT) to own and operate midstream assets in the Appalachian basin, said the units priced at $43.50 a piece, a 0.2% discount to its closing price.

Flow International Corp. (FLOW) said its evaluation of strategic alternatives, which includes a potential sale of the company, remains ongoing and it has entered into confidentiality agreements with a number of interested parties. The industrial water-jet machine manufacturer also said it is postponing the filing of its annual report, noting it needs more time for the preparation of financial statements and audit procedures, primarily related to its Brazilian operations.

Healthcare Services Group Inc.'s (HCSG) second-quarter earnings rose 14% as revenue improved and its operating margins strengthened.

Interactive Brokers Group Inc.'s (IBKR) second-quarter earnings jumped 29% as the company's electronic brokerage reported gains from new customers and more trading activity. However, results fell short of Wall Street expectations.

U.S. financial regulators on Tuesday moved insurer MetLife Inc. (MET) one step closer to being deemed "systemically important" and subjecting it to tougher government oversight, a move immediately criticized by Chief Executive Steven Kandarian.

Packaging Corp. of America's (PKG) second-quarter profit rose 43% as the box maker was helped by higher prices and increased shipments of corrugated products.

Realogy Holdings Corp. (RLGY) said it expects its second-quarter earnings and revenue to exceed expectations, as the real-estate services firm is helped by a recovery in the U.S. housing market.

Resources Connection Inc.'s (RECN) fiscal fourth-quarter earnings fell 40% as the outsourcing and advisory company posted weaker revenue for the fifth straight quarter and margins weakened.

United Rentals Inc. (URI) swung to a second-quarter profit as the equipment-rental company's revenue climbed and the company posted fewer charges related to its RSC Holdings Inc. acquisition and other items.

Yahoo Inc.'s (YHOO) second-quarter profit grew 46% as the Internet pioneer continued its effort to turn around its struggling ad business, aided in the latest period by significant cost cutting. Earnings topped Wall Street expectations, but the company delivered disappointing revenue.

Write to Anna Prior at [e-mail]

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