Tuesday, March 20, 2012

stock to watch march 21 2012

stock to watch march 21 2012 ; Shares of the following companies may have unusual moves in U.S. trading tomorrow march 21 2012. Stock symbols are in parentheses, and prices are as of 4:39 p.m. in New York. Standard & Poor’s 500 Index futures expiring in June rose 0.1 percent to 1,400.90.

Hercules Offshore Inc. (HERO) fell 1.6 percent to $5. The Houston-based offshore drilling company will sell as many as 20 million shares in a secondary offering. Half of the proceeds will be used to repay debt and another portion will be used to buy a rig.

Jabil Circuit Inc. (JBL US) slipped 1.8 percent to $26. The U.S. contract electronics manufacturer reported second-quarter earnings of 58 cents a share, matching the average analyst estimate.

Krispy Kreme Doughnuts Inc. (KKD) rallied 4.8 percent to $8.90. The doughnut chain reported fourth-quarter revenue of $102 million, beating the $101.4 million projected by analysts on average. Same-store sales climbed 8.3 percent during the period, the Winston-Salem, North Carolina-based company said.

On Assignment Inc. (ASGN) surged 29 percent to $17.68. The provider of temporary workers to technology and health-care companies agreed to purchase information technology staffing firm Apex Systems Inc. for $600 million. The deal is expected to “significantly” add to earnings this year, the Calabasas, California-based company said.

Oracle Corp. (ORCL) rose 3.1 percent to $31.03. The largest maker of database software reported fiscal third-quarter profit and new license sales that topped analysts’ estimates as the company sold more databases and business applications.

SAIC Inc. (SAI) declined 1.1 percent to $13. The defense contractor forecast earnings from continuing operations in 2013 will be no more than $1.36 a share, falling short of the average analyst estimate of $1.38. The Mclean, Virginia-based company initiated a quarterly dividend of 12 cents a share and said it may buy back 40 million shares

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