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Stocks to Watch: TGT, SPLS, ANF & More

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Published: Wednesday, 15 Aug 2012 | 8:07 AM ET
Peter Schacknow By:

Senior Producer, CNBC

Take a look at some of Wednesday's morning movers:

Target - The retailer earned $1.12 per share for the second quarter, excluding certain items, 11 cents above estimates. It also raised its full-year earnings guidance.

Staples - The office supplies retailer earned $0.18 per share for its latest quarter, four cents shy of estimates. Staples said sales in North America were weaker than expected, and that the ongoing economic problems in Europe are impacting the company.

Abercrombie & Fitch - The teen retailer earned $0.19 per share for the second quarter, two cents above estimates, though revenue did fall short of consensus. The company called its quarter "disappointing." Abercrombie also increased its share buyback authorization by 10 million shares.

Deere - Deere earned $1.98 per share for its third quarter, well short of estimates of $2.31. Revenue was essentially in line with analysts' estimates. The heavy equipment maker calls the quarter strong, but said sales fell short of expectations in international markets.

Quarterly 13F filings — detailing second-quarter portfolio changes for hedge funds and significant investors — may help move a number of stocks today. Some highlights:

Warren Buffett’s Berkshire Hathawayhas taken new stakes in Phillips 66 and National Oilwell Varco, while selling off chunks of its holdings in Kraft Foods and Procter & Gamble .

Paulson & Co. has taken new stakes in Cablevision and Hillshire Brands, while selling stakes in Medco Health and MetLife.

Bill Ackman’s Pershing Square took a new stake in Procter & Gamble, while selling stakes in Kraft and Family Dollar.

David Einhorn’s Greenlight Capital took new stakes in Aetna and Chipotle Mexican Grill, while dissolving stakes in Dell and HCA.

Facebook is among the stocks bought by both SAC Capital and George Soros.

Carlyle Group - The private-equity firm is acquiring a controlling stake in privately held Getty Images for $3.3 billion.

JDS Uniphase - The company earned $0.15 per share for its fourth quarter, three cents above estimates. The maker of networking equipment also said its chief financial officer, Dave Vellequette, is stepping down at month’s end.

Sirius XM Radio - The satellite radio operator is one step closer to being controlled by John Malone’s Liberty Media, which has raised its stake to 48 percent.

The New York Times Co. - The company has named British Broadcasting Corp. chief Mark Thompson as its new CEO. He’ll start his job in December after moving to New York from the U.K.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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Take a look at some of Wednesday's morning movers:

   
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  • Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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