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

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

Lowe's fiscal second quarter earnings jumped 26%, beating Street views, as the home improvement retailer logged double-digit percentage revenue growth, buoyed by an improving housing market. Shares rose 4.5% to $46.05 premarket as the company also raised its view for the year.

Staples' fiscal second-quarter earnings slumped 15% as the office-supply giant continued to be pressured by weak sales abroad, while North American retail sales also declined. Citing weaker-than-expected results for its second quarter, Staples lowered its view for the year. Shares dropped 9.3% to $15.28 premarket.

American Eagle Outfitters' fiscal second-quarter earnings edged up 3%, but the teen retailer's shares tumbled 9.7% to $14.80 premarket as the company issued a third-quarter profit outlook well-below consensus views.

Incyte Corp. (INCY) said top-line results of its Phase 2 trial for a potential pancreatic cancer treatment found significantly improved survival when using the drug in certain kinds of patients compared with a placebo. Shares jumped 21% to $32.50 premarket.

Galena Biopharma Inc. (GALE), a biopharmaceutical company, said the European Patent Office notified the company of an intention to grant a pharmaceutical use patent for NeuVax. The patent covers the use of NeuVax as a vaccine for the prevention of relapse in certain breast cancer patients. Shares jumped 7.6% to $2.12 premarket.

Morgan Stanley upgraded Veolia Environnement SA (VE, VIE.FR) to overweight from equalweight, citing the company's turnaround efforts. The firm said that Veolia is "moving towards a smaller but leaner company," with water and waste management businesses that are leading globally. American depositary shares rose 5.8% to $15.06 premarket.

21Vianet Group Inc. (VNET), a carrier-neutral internet data center services provider in China, reported second-quarter adjusted per-share earnings that missed analysts' estimates. American depositary shares dropped 6.7% to $13.05 premarket.

 
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Analog Devices Inc.'s (ADI) fiscal third-quarter profit rose 3.8% as the chip maker's margins strengthened and operating costs decreased, masking lower revenue.

Intuit Inc. (INTU) swung to a fiscal fourth-quarter loss as the online tax preparer's selling and marketing expenses sharply climbed, masking an increase in revenue.

J.M. Smucker Co.'s (SJM) fiscal first-quarter earnings rose 14% as the food maker's volume improved and margins grew amid lower costs.

Key Tronic Corp. (KTCC), a provider of electronic manufacturing services, reported a 37% drop in net income for its fiscal fourth quarter compared with the year ago period, as revenue fell 13%.

La-Z-Boy Inc.'s (LZB) fiscal first-quarter earnings more than doubled as the furniture company's sales and margins continued to strengthen. Earnings beat Wall Street estimates, though revenue came up short.

Target Corp.'s (TGT) fiscal second-quarter earnings fell 13% as expenses related to the discount retailer's expansion in Canada masked modest revenue growth and improved same-store sales at its U.S. operations.

Toll Brothers Inc.'s (TOL) fiscal third-quarter profit fell 24% as the home builder posted a tax expense, yet again reported revenue growth.

Write to Anna Prior at [e-mail]

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