Stocks to Watch: SBUX, TXN, KSS & More
Take a look at some of Friday morning's early movers:
Starbucks , Green Mountain - Starbucks is introducing its own single-serving coffee brewing systemthat will compete with Green Mountain's popular Keurig machine. However, Starbucks will continue to make the K-Cups used in the Keurig coffeemakers.
Kohl's - Jefferies has upgraded the retailer's stock to "buy" from "hold", saying current management is doing a good job addressing the company's current challenges.
Texas Instruments - The chipmaker is cutting its first quarter guidance to $0.15 - $0.19 per share from its prior $0.16 - $0.24 range, citing lower demandfor chips used in smartphones and tablet computers. However, it also says a sales slump has bottomed out, and it does expect revenue growth during the second quarter.
Altera - The maker of programmable computer chips says first quarter revenue could be at the low end of its previous guidance, due to the trimming of inventories by its customers.
AstraZeneca - The FDA has blocked the company's attempt to delay generic versions of its best-selling anti-psychotic drug Seroquel. Generic Seroquel is due to debut in the U.S. market later this month.
American Airlines parent AMR - The carrier is asking for a six-month extension of its exclusivity period for filing a bankruptcy reorganization plan. If not, that period would expire on March 28.
Aeropostale - The teen apparel retailer earned 44 cents per share for the fourth quarter, 12 cents above estimates, although it sees current quarter earnings below estimates. The company calls 2011 “disappointing” overall but says it’s working to update its merchandise offerings and expects better results for 2012.
Boston Scientific - The medical device maker will acquire privately-held Cameron Health, which offers a subcutaneous implantable defibrillator. Boston Scientific will pay $150 million up front and another $150 million if the device is approved by the FDA for U.S. use.
UPS - The stock may extend Thursday's gains, following reports that it’s near an agreement to buy European package delivery company TNT Express. TNT had rejected an initial $6.5 billion offer.
Western Digital - The hard drive maker has completed its $4.8 billion purchase of Hitachi’s U.S. hard drive business.
Smith & Wesson - The firearms maker earned 8 cents per share for its fiscal third quarter, four cents above estimates, and sales improved and the company cut costs.
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