U.S. Hot Stocks: Hot Stocks to Watch

Among the companies with shares expected to trade actively in Wednesday's session are Fairchild Semiconductor International Inc. (FCS), Target Corp. (TGT), and Lowe's Cos. (LOW).

ON Semiconductor (ON) has agreed to acquire fellow chip company Fairchild Semiconductor for about $2.4 billion in cash, the latest deal in the consolidating semiconductor space. Shares of Fairchild Semiconductor rose 9.5% to $19.54 in premarket trading.

Target on Wednesday reported a better-than-expected increase in third-quarter sales as the retailer's merchandise changes are paying off, helping to ease concerns over spending heading into the key holiday shopping season. Shares, however, slipped 1.3% to $72.00 premarket.

Lowe's reported better-than-expected profit in its third quarter, with more customers visiting the home improvement retailer. Shares gained 2.2% to $74.43 premarket.

ConAgra Foods Inc. (CAG), which has responded to mounting challenges in the food sector with aggressive restructuring this year, unveiled Wednesday plans to split into two independent public companies. Shares gained 1.6% to $40 premarket.

Wells Fargo & Co. (WFC) on Tuesday appointed Timothy J. Sloan as chief operating officer and president, setting him up as a potential successor to Chief Executive John G. Stumpf.

Jack in the Box Inc.'s (JACK) profit rose 43% in the September quarter on higher comparable sales as its namesake restaurants and Qdoba Mexican Grill.

Food-service and uniform provider Aramark Holdings Corp. (ARMK) said profit jumped in its latest quarter, though sales slipped 10%.

CA Technologies (CA) agreed to repurchase 22 million of its shares from its largest stockholder, Careal Holding AG, in a deal valued at roughly $590 million, effectively completing the company's previous $1 billion stock buyback authorization.

Hertz Global Holdings Inc. (HTZ) said it is targeting $1.17 billion in additional revenue for the three-year period ending in 2020, including $485 million for extras such as navigation system or child seats.

Depomed Inc. (DEPO) has reached an agreement to buy the U.S. and Canadian rights to Grunenthal GmbH's pain killer cebranopadol and a related follow-on compound.

La-Z-Boy Inc.'s (LZB) second-quarter profit rose as the furniture retailer continued to increase sales and improve its margins.

Motorola Solutions Inc. (MSI) said its board raised the communication equipment and services company's quarterly dividend by 20%.

Write to Jenny Roth at [e-mail] and Maria Armental at [e-mail]

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(END) Dow Jones Newswires

November 18, 2015 09:35 ET (14:35 GMT)

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