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Stocks to Watch: ANF, CSCO, HOG & More

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Published: Wednesday, 14 Nov 2012 | 7:49 AM ET
Peter Schacknow By:

Senior Producer, CNBC

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

Abercrombie & Fitch - Abercrombie earned $0.87 per share, excluding certain items, well above estimates of $0.59. It also raised its guidance for the year to $2.85 to $3 per share, versus consensus of $0.48 a share. The retailer credits strong sales growth in the U.S., as well as improving international trends.

Cisco Systems - Cisco reported fiscal first-quarter profit of $0.48 per share, two cents above estimates. Revenue of $11.88 billion was also slightly above consensus. The company has rebounded from a 2011 stumble with four straight quarters of growth, which CEO John Chambers attributes to better cost controls and higher revenue from services.

Harley-Davidson - A Citi report says channel checks indicate 10 percent retail sales growth for the iconic motorcycle producer in October, although it also warned that November U.S. sales are likely to be influenced by the storms and post-election pessimism.

Tyco - The fire and safety equipment maker earned $0.33 per share for its fiscal fourth quarter, two cents below estimates, while revenue matched consensus.

Staples - The office supplies retailer reported third-quarter earnings of $0.46 per share, excluding certain items, a penny above estimates. However, revenue fell short of consensus due to weak sales in Europe and Australia.

Facebook - It's another lockup expiration day for the social media giant, with about 800 million employee and investor shares becoming eligible for sale as of today.

Citigroup - Shareholder Trillium Asset Management is asking Citi's board of directors to consider a possible separation of one or more of its business units.

Zynga - Chief Financial Officer David Wehner has left the social games provider for an executive position at Facebook. Zynga has given the CFO title to current chief accounting officer Mark Vranesh.

J.C. Penney - JPMorgan Chase has downgraded the retailer's shares to "neutral" from "overweight," citing too many ongoing questions about the retailer's long-term pricing and promotional structure.

Mosaic - The fertilizer producer has cut its sales forecast for phosphate and potash, because of uncertainty in its China and India markets. It said international crop nutrient demand has weakened since it issued its most recent guidance on Oct. 2. Canaccord Genuity downgraded the stock, along with competitor Potash to "hold" from "buy."

Advanced Micro Devices - AMD issued a statement saying it is not pursuing a sale of the company or of any significant assets, contrary to market rumors. The chipmaker said it continues to believe in its current long-term growth strategy.

Take-Two Interactive - Investor Carl Icahn is upping his stake in the videogame maker for the fourth time in a little over a week. Icahn now holds 12.9 percent, up from the prior 11.69 percent.

Toyota Motor - The automaker is recalling nearly 2.8 million vehicles to deal with two issues — one involving water pumps, the other, a steering shaft defect. Toyota said no accidents have been reported related to the two problems.

Papa John's - The pizza chain is the target of a $250 million class-action lawsuit involving allegedly excessive text messages. Papa John's said the texts were sent by third party vendors and some franchises.

—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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