HEADLINE STOCKS-Some U.S. stocks to watch on Aug. 12
NEW YORK, Aug 12 (Reuters) - Some U.S. stocks to watch on Wednesday:
(All share movement is in premarket unless otherwise noted.)
TOLL BROTHERS INC (TOL.N), $21.83, up 6.6 pct
The homebuilder expects to report a 42 percent drop in third-quarter homebuilding revenue, but said net signed contracts increased in the quarter. [ID:nBNG401966]
Shares of Toll Brothers rose 6.6 percent to $21.83 in premarket trading.
MACY'S INC (M.N), $15.90, up 2.8 pct
The department store retailer raised its full-year profit outlook. [ID:nN12535008]
LIZ CLAIBORNE INC (LIZ.N), $3.50, down 13 pct
The company reported a second-quarter loss that was wider than expected. [ID:nBNG146633]
APPLIED MATERIALS INC (AMAT.O), $13.62, up 3 pct
The company late Tuesday said it would at least break-even in the fourth quarter, thanks to new orders and cost cuts. [ID:nN11540812]
AMERICAN INTERNATIONAL GROUP INC (AIG.N), $24.87, down 0.2 pct
AIG has agreed to sell its Hong Kong consumer finance and India-based IT services units. AIG Finance (Hong Kong) will be bought by China Construction Bank Asia for $70 million in cash. [ID:nSHA59431]
SARA LEE CORP (SLE.N), $11, up 1.9 pct
The company reported adjusted fourth-quarter earnings that beat expectations. [ID:nN11516189]
ALLSTATE CORP (ALL.N), $27.40, up 2.5 pct Continued...
