Wednesday, November 10, 2010

Some LargeCap Stocks to Keep an Eye on Today

Among the companies whose shares are expected to see active trade in Wednesday's session are Cisco Systems Inc., Macy's Inc. and Polo Ralph Lauren Corp.

Cisco (NYSE: CSCO) is expected to report fiscal first-quarter earnings of 40 cents a share, according to analysts surveyed by FactSet Research.

Macy's (NYSE: M) is forecast to post earnings of 3 cents a share in the third quarter.

Polo Ralph Lauren (NYSE:RL) is estimated to report a profit of $1.67 a share in the fiscal second quarter.

Computer Sciences Corp. (NYSE: CSC) is expected to report earnings of $1.18 a share in the fiscal second quarter.

After Tuesday's closing bell, International Game Technology (NYSE: IGT) reported it swung to a fiscal fourth quarter profit but not enough to satisfy Wall Street estimates.

Watch List

Allstate Corp. (NYSE: ALL) announced a $1 billion share buyback program.

General Growth Properties Inc. said it emerged from bankruptcy and will launch an initial public offering.

Invesco Ltd. (NYSE: IVZ) said that it was launching a secondary offering of shares owned by a Morgan Stanley (NYSE: MS) affiliate.

Lions Gate Entertainment Corp. (NYSE: LGF) swung to a second-quarter loss of 22 cents a share on debt charges.

MBIA Inc. (NYSE: MBI) said it narrowed its third-quarter loss as it paid off claims on mortgage-backed securities.

Prudential Financial Inc. (NYSE: PRU) said it restored its annual dividend to 2007 levels.

Tesla Motors Inc. (NASDAQ: TSLA) said its third-quarter loss widened, but narrowed on a per-share basis since the electric car maker went public, as sales slipped.

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