BJ’s, Dollar General, Netflix, St. Jude: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:50 a.m. in New York.

American Capital Agency Corp. (AGNC) slumped 3.1 percent to $28.19, the lowest intraday price since Dec. 9. The Bethesda, Maryland-based real estate investment trust said it plans to sell 27 million shares.

BJ’s Wholesale Club Inc. (BJ) rose 1.7 percent to $47.31, after rising 3.8 percent, the most intraday since Feb. 3. Shareholder Leonard Green & Partners said it’s examining an offer for the U.S. membership warehouse chain, reviving its overtures after BJ’s began looking for suitors.

Bristol-Myers Squibb Co. (BMY) gained 2.6 percent to $26.68, after advancing 3.5 percent, the most intraday since June 11. The drugmaker said its experimental skin cancer drug boosted the survival of patients with advanced melanoma when combined with chemotherapy.

Cephalon Inc. (CEPH) slumped 1.3 percent to $56.14, the most intraday since March 16. The maker of the narcolepsy treatment Provigil said it will buy Gemin X Pharmaceuticals Inc. for as much as $525 million to gain cancer treatments.

Chimera Investment Corp. (CIM) declined 1.5 percent to $4.22, after dropping 2.3 percent, the most intraday since March 1. The mortgage-debt investor run by Annaly Capital Management Inc. said it will cut its quarterly dividend to 14 cents a share from 17 cents a share, versus an estimated 16 cents a share, according to a Bloomberg forecast.

Convergys Corp. (CVG) rose 3.4 percent to $14.49, after rising as much as 3.8 percent, the most intraday since Feb. 9. The operator of customer-service call centers was boosted to “outperform” from “neutral” by Macquarie Group Ltd. analyst Kevin McVeigh.

Dollar General Corp. (DG) advanced 2.1 percent to $31.03, after earlier rising to $32.10, the highest price intraday since Dec. 3. The discount retailer forecast full-year profit that topped the average analyst estimate.

Express Inc. (EXPR) rallied 5.4 percent to $18.34, after jumping as much as 5.8 percent, the most intraday since Dec. 21. The apparel retailer reported fourth-quarter earnings of 55 cents a share, excluding some items, beating the average analyst estimate by 13 percent, Bloomberg data show.

Hot Topic Inc. (HOTT) climbed 2.4 percent to $5.28, after rising 6.7 percent, the most intraday since March 3. The teen retailer said Chief Executive Officer Betsy McLaughlin resigned and will be replaced by board member Lisa Harper, who previously served as CEO of Gymboree Corp. (GYMB US).

James River Coal Co. (JRCC) slumped 3.5 percent to $22.42, the most intraday since March 15. The owner of mines in Kentucky and Indiana said it intends to offer $125 million aggregate principal amount of convertible senior notes due 2018 and $250 million aggregate principal amount of senior notes due 2019.

Jefferies Group Inc. (JEF) rose 2.4 percent to $25.14, after increasing to $25.81, the highest price intraday since Feb. 17. The investment bank that’s been expanding its advisory unit said fiscal first-quarter profit rose 21 percent as trading and asset-management revenue climbed.

Netflix Inc. (NFLX) jumped 4.5 percent to $222.34, the second-biggest gain in the Standard & Poor’s 500 Index. The mail-order and online movie-rental service was raised to “outperform” from ‘neutral’’ by Credit Suisse Group AG. Analyst John Blackledge lifted his target price for the company to $280 a share from $180.

Raven Industries Inc. (RAVN) rise 1.6 percent to $57.46, the highest price intraday since at least July 1980. The maker of equipment for agricultural sprayers said it will increase its quarterly dividend to 18 cents a share from 16 cents a share, matching a Bloomberg forecast.

Shutterfly Inc. (SFLY) climbed 2.7 percent to $44.19, after rising to $44.96, the highest price intraday since Feb. 17. The Internet-based photo storage and printing company agreed to acquire Tiny Prints Inc. for $141 million in cash and about 3.9 million shares of Shutterfly common stock.

St. Jude Medical Inc. (STJ US) climbed 5.3 percent to $51, the biggest gain in the Standard & Poor’s 500 Index. JPMorgan Chase & Co. raised its target price for the maker of medical devices to $57 a share from $52.

Walgreen Co. (WAG) slid 6.9 percent to $39.09 for the biggest retreat in the S&P 500. The largest U.S. drugstore chain said gross margin, or the percentage of sales left after the cost of goods sold, was little changed at 28.8 percent in the second quarter. Barclays Plc and Citigroup Inc. had estimated gross margin would widen.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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