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Stocks to Watch: CVS, MMC, AOL & More

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Published: Tuesday, 6 Nov 2012 | 7:53 AM ET
Peter Schacknow By:

Senior Producer, CNBC

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

CVS Caremark - The drug store chain earned $0.85 per share, excluding certain items, for the third quarter, one cent above estimates. It also raised its forecast for the full year, on improving sales at its stores, and an increase in pharmacy benefit clients.

Marsh & McLennan - The insurance company reported third quarter profit of $0.39 per share, excluding certain items, above estimates. Marsh saw increasing strength in its insurance and consulting businesses.

AOL - AOL reported higher-than-expected third-quarter revenue, on improved ad sales.

Express Scripts - The pharmacy benefit manager reporting third-quarter profit of $1.02 per share, three cents above estimates. However, revenue was short of consensus, and the company said a weak business climate will hurt its 2013 results.

Nike - Nike is said to be close to selling its Cole Haan brand to private-equity firm Apax Partners, according to Reuters. The deal could be worth about $500 million, according to sources.

CF Industries - The company earned $5.96 per share for the third quarter, 26 cents above estimates, on the strength of stronger profit margins. The fertilizer producer said it expects a positive operating environment into next year on strong farm sector demand for its products.

Zillow - Zillow earned $0.07 per share for the third quarter, in line with estimates, but the real estate website operator gave fourth-quarter revenue guidance below consensus.

Weight Watchers - Weight Watchers reported third-quarter profit of $1.20 per share, 15 cents above estimates. The provider of weight management services did cut the top end of its yearly earnings outlook by 10 cents a share, and now sees earnings per share of $4 to $4.10 per share. The company said accelerated investments and the impact of Hurricane Sandy are among the factors that will hurt fourth-quarter results.

Take-Two Interactive - Investor Carl Icahn has raised his stake in the videogame maker to 9.6 percent from 8.7 percent. He and his partners now hold nearly 8.7 million shares.

NYSE Euronext - The New York Stock Exchange parent reported third-quarter profit of $0.44 per share, three cents above estimates, Profit was, however, 42 percent below a year ago because of weaker trading volumes.

Chipotle Mexican Grill - Bank of America/Merrill Lynch has upgraded Chipotle shares to "buy" from "neutral."

Murphy Oil - Oppenheimer's Fadel Gheit said Murphy Oil should explore various options, including a possible sale. He said recent steps to improve shareholder value make it more attractive on an ongoing basis.

Verizon Communications - The company is shutting down its Android and BlackBerry app stores, steering its customers to other existing app market places like the ones run by Google and Amazon.com .

—By CNBC's Peter Schacknow

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

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Take a look at some of Tuesday'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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