10 Early Hot Stocks: US Banks Climb Higher, Dollar General Pops 2%, and MetLife Raises the Bar
Shares of major US banks climbed higher early Monday as Timothy Geithner heads to Europe. Speculation is fueling more bailout rumors. Bank of America (NYSE:BAC) jumped more than 3%, Citigroup Inc. (NYSE:C) gained 2.7%, and JP Morgan (NYSE:JPM) increased 2.8%.
Don’t Miss: Major Banks Back in the Spotlight.
Dollar General (NYSE:DG) popped nearly 2% after reporting a 34% rise in third-quarter earnings. Net income for Dollar General Corporation rose to $171 million (50 cents per share), compared to $128.1 million (37 cents per share) in the same quarter a year earlier. Keep an eye on the dollar retailers: Family Dollar Stores, Inc. (NYSE:FDO), Dollar Tree, Inc. (NASDAQ:DLTR), 99 Cents Only Stores (NYSE:NDN), and Big Lots, Inc. (NYSE:BIG).
Investing Insights: Dollar General Corp Earnings Cheat Sheet: Powering Ahead.
Walgreen Co (NYSE:WAG) is edging .54% higher this morning after reporting that comparable-store sales increased 1.8% for November. The drugstore chain will also be phasing out its rewards program in January. Shares of CVS Caremark (NYSE:CVS) are up nearly 1%.
MetLife Inc. (NYSE:MET) is jumping more than 3% at the opening bell. The company said on Monday that it expects fourth quarter operating income to be in the $1.2 billion to $1.3 billion range, compared to $1.2 billion last year. Competitors to watch on the news include American International Group (NYSE:AIG) and Prudential Financial, Inc. (NYSE:PRU).
Shares of Goldcorp Inc. (NYSE:GG) are edging slightly higher at the open. The gold miner announced it will boost its annual dividend by 32% to 54 cents per share.
Don’t Miss: Why is Gold Finding Support At This Level?