Stocks to Watch: Campbell Soup, Cree and More ...
U.S. chemicals group DuPont extended its 33.4 billion crown ($6.1 billion) offer for Danish food and enzymes group Danisco to April 1, hoping to gain more acceptances as regulators clear the deal.
The 665-crowns-per-share offer announced Jan. 9 was set to expire next Tuesday, and DuPont has said it requires acceptance from shareholders with at least 90 percent of Danisco's stock to carry out the deal.
So which individual stocks are worth watching today? Here are six that are on the move:
Campbell Soup
The food manufacturer had matching fourth quarter estimates, but cut its forecast. Shares were down more than 4 percent. The company also was trading at lows not seen since last year.
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Caterpillar
The construction machinery manufacturer said machinery sales through dealers were up 49 percent worldwide in the last quarter compared to the year before.
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Hornbeck Offshore
The was downgraded to neutral from buy at Global Hunter Securities.
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Cree
The semiconductor company was initiated buy at Jefferies with a $67 price target.
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Newfield Exploration
The oil and gas company was downgraded to neutral from buy at Sterne Agee.
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Qualcomm
The telecommunications company was trading at levels not seen in more than a decade.
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