3 Companies Driving After Hours Activity
1) The Men’s Warehouse (NYSE:MW): The clothing retailer’s stock is surging (+1.2%) in after hours trading on reports that the company doubled its profits since the last quarter. Sales rose 23% to $580.4 million. The results topped the consensus targets of analysts polled by Thomson Reuters. Gross margin of 42.4% was even with last year’s period…Competitors to Watch: Jos. A Bank (JOS), Casual Male Retail Group, Inc. (NASDAQ:CMRG), Zumiez Inc. (NASDAQ:ZUMZ), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Aeropostale, Inc. (NYSE:ARO), Nordstrom (NYSE:JWN), JC Penney (NYSE:JCP), The Gap Inc. (NYSE:GPS) and Express, Inc. (NYSE:EXPR).
2) Texas Instruments (NYSE:TXN): The producer of calculators and other electronic equipment is seeing shares of its stock take a hit in after hours, down -1.2% since the closing bell. The slide was precipitated by news from company insiders that say the chip maker will expect narrower margins and lower earnings in the second quarter. Competitors to Watch: Intel Corporation (NASDAQ:INTC), National Semiconductor Corporation (NYSE:NSM), Analog Devices, Inc. (NYSE:ADI), QUALCOMM Incorporated (NASDAQ:QCOM), Broadcom Corporation (NASDAQ:BRCM), Marvell Technology Group Ltd. (NASDAQ:MRVL), Intersil Corporation (NASDAQ:ISIL), Maxim Integrated Products Inc. (NASDAQ:MXIM), STMicroelectronics NV (NYSE:STM).
3) Sirius-XM: (NASDAQ:SIRI): The world’s leading satellite radio service provider is trading in unusually high volume through after hours for the second consecutive day today. Though this time activity is not driven by rumors of a growing threat from Pandora Radio, but rather a looming challenge from Apple (NASDAQ:AAPL). Investors are worried that Jobs and the other men in the iCloud may begin to offer services that rival Sirius. Shares of SIRI have slipped nearly -1% in after hours moves. Competitors to Watch:Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Disney (NYSE:DIS), Time Warner (NYSE:TWX), Grupo Radio Centro SAB de CV (NYSE:RC), Salem Communications Corp (NASDAQ:SALM), Saga Communications, Inc. (AMEX:SGA)
Our New Stock Picks are Here: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month >>