U.S. Hot Stocks: Hot Stocks to Watch

Among the companies with shares expected to trade actively in Wednesday's session are Eli Lilly & Co. (LLY), AngioDynamics Inc. (ANGO) and AZZ Inc. (AZZ).

Eli Lilly & Co. is buying Boehringer Ingelheim Vetmedica Inc.'s U.S. pet vaccines portfolio for $885 million as it continues to grow its animal unit. Eli Lilly shares rose 0.52% to $81.53 in premarket trading.

AngioDynamics Inc. posted better-than-expected results in the latest period, thanks to a competitor's recall. Shares rose 2.49% to $17.73 premarket.

AZZ Inc. reported a surprise decline in profit in the latest period, as revenue from its energy and galvanising segments were hurt by weak oil markets, and outlined plans to trim costs in anticipation of missing its financial targets this year. Shares fell 5.97% to $61.22 premarket.

Constellation Brands Inc. (STZ) on Wednesday said strong beer sales drove revenue and profit growth for the quarter and lead the alcohol distributor to increase its profit forecast for the year. Shares rose 3.41% to $171.50 premarket.

Monsanto Co. (MON) swung to an unexpected profit in the most-recent quarter as revenue grew more than anticipated, and the biotech-seed company reiterated its commitment to its takeover by Bayer AG, though it offered a tepid outlook for the current year. Monsanto shares rose 0.54% to $102.16 premarket.

Twitter Inc. is expected to field bids this week, and Marc Benioff has been building a case to Salesforce.com Inc. investors and others that his company should be the buyer, according to people familiar with the matter. Shares rose 3.7% to $24.39 premarket.

Ascena Retail Group Inc.(ASNA)--home to the Ann Taylor, Dress Barn and Lane Bryant chains--estimated it would take an initial charge of $10 million to $12 million before taxes in the current quarter tied to its latest shakeup, targeting an additional $100 million to $150 million in savings by fiscal 2019.

Micron Technology Inc. (MU) swung to a loss in the final quarter of its fiscal year, though results weren't as bad as expected, with the downtrodden personal-computer market showing glimmers of hope.

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

(END) Dow Jones Newswires

October 05, 2016 09:22 ET (13:22 GMT)

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