8 Super Hot Stocks: Caterpillar Jumps 5%, Netflix Expands, Cigna and Sara Lee Making Deals
Caterpillar (NYSE:CAT) is trading nearly 5% higher in early trading as the company reports a 44% increase in its third-quarter profits. Sales jumped 41% to $15.7 billion, which is a record for the construction and mining company.
Investing Insights: GE vs. Honeywell: Which Company Do Investors Pick for the New Normal?
Shares of Netflix (NASDAQ:NFLX) are more than 2% higher this morning. The online media company said it will launch its digital streaming service in the United Kingdom and Ireland in ealry 2012. Netflix will also release third-quarter earnings later today. Analysts are projecting a rise of 46.6% in revenue from the year-earlier quarter to $811.1 million. Competitors include Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Dish Network (NASDAQ:DISH).
Oracle Corp. (NASDAQ:ORCL) is ticking slightly lower after announcing a $1.5 billion deal to buy RightNow Technologies (NASDAQ:RNOW). Shares of RightNow Technologies are surging nearly 20% in early trading. The deal is expected to be completed late this year or early 2012.
Cigna Corp (NYSE:CI) will be buying health maintenance organization HealthSpring (NYSE:HS) for $3.8 billion in cash to expand the health insurer’s Medicare business. Shares of HealthSpring are up 33% on the news.
Sara Lee (NYSE:SLE) shares popped 3% after selling the majority of its North American foodservice coffee and tea operations to J.M. Smucker Co. (NYSE:SJM) for $350 million in cash. Jan Bennink, executive chairman of the Sara Lee board said, “In recent years, our North American coffee business has been foodservice-based and largely unbranded, which is a challenge in a highly competitive marketplace.”