5 Stocks Investors are Watching in Early Trading
Universal Display (NASDAQ:PANL) is up another 9% today after announcing a licensing deal and supply contract with a joint venture owned by Panasonic (NYSE:PC) and Idemitsu Kosan. The Panasonic Idemitsu deal includes royalty payments on OLED product sales. Universal Display was already up 85% last week after announcing a partnership with Samsung.
Dollar General Corporation (NYSE:DG) reported net income above Wall Street’s expectations for the second quarter. Net income rose 3.4% from the year earlier quarter, while revenue jumped 11.2%. The stock is up over 3% this morning. Get all the earnings details in your Dollar General Earnings Cheat Sheet >>
Australian mining company Macarthur Coal (MCC) has backed a sweetened $5.12 billion offer from coal company Peabody Energy (NYSE:BTU) and steel producer ArcelorMittal (NYSE:MT). Rival Anglo American may still shake up the coal industry (NYSE:KOL) with a new bid.
Investing Insights: 8 Retail Stocks Flying Higher After Hurricane Irene.
Winn-Dixie Stores (NASDAQ:WINN) beat Wall Street earnings expectations with a 3.2% rise in same store sales. The company also sees same-store sales rising 2.5% to 3.5% for fiscal 2012.
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) posted double-digit sales growth in its gourmet food and gift basket and BloomNet businesses. Revenue jumped 13% to $187.1 million. Wall Street was expecting only $175 million in revenues.