3 Radar Stocks to Watch in Late Trading: MU Jumps 3%, Oracle Bumps Heads With HP, US Automakers Holding Up
Shares of Micron Technology (NASDAQ:MU) are trading nearly 3% lower in late trading. The company reported a fiscal fourth-quarter loss of $135 million (14 cents per share), compared to a profit of $342 million (32 cents per share) last year.
Oracle (NASDAQ:ORCL) is edging higher after the bell. Tensions are heating up with Hewlett-Packard (NYSE:HPQ), as Oracle tries to prove it was offered to buy Autonomy Corp. before HP completed its deal. HP agreed to buy Autonomy Corp in August for $10.24 bullion.
Ford (NYSE:F) is slightly higher in extended trading while General Motors (NYSE:GM) is nearly 1% lower. Edmunds.com announced that it expects double-digit new auto sales to offset declines from Japanese automakers. Edmunds projects that new auto sales will rise 8.3% in September from August. Toyota Motor Corp (NYSE:TM) and Honda (NYSE:HMC) are expected to report year-to-year declines of 15% and 6.6%, respectively.