Stocks to watch Wednesday: Family Dollar, MetroPCS
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By William Spain, MarketWatch
CHICAGO (MarketWatch) — Among the stocks that could see active trade in Wednesday’s session are Family Dollar, Monsanto and MetroPCS Communications.
Reuters
Family Dollar FDO +0.95% is set to post its latest quarterly profit statement before the opening bell. The discount retailer is expected to earn 75 cents a share on revenue of $2.36 billion according to the average estimate of analysts polled by FactSet. Same-store sales are seen rising 5.6%.
Also on tap is MonsantoMON +0.61% and the chemical firm should earn 43 cents a share with sales of $2.22 billion if Wall Street’s best guesses are on the mark.
MetroPCS Communications PCS +17.80% could be in for another pop. Shares of the company gained almost 18% Tuesday after it confirmed media reports that it is in talks with Deutsche Telekom’s T-Mobile unit for a possible merger.
Chipotle Mexican Grill CMG -4.17% said it isn’t seeing pressure on its sales from Taco Bell’s new Cantina Bell menu. “Taco Bell doesn’t present threats to Chipotle,” company spokesman Chris Arnold told MarketWatch in response to comments made Tuesday by noted investor David Einhorn, who is short Chipotle. Taco Bell is owned by Yum BrandsYUM -1.44% .
Xyratex Ltd. XRTX -5.33% shares dropped Tuesday evening after the data storage-systems company posted quarterly results that missed Wall Street’s targets and forecast a loss for its current quarter.
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