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10 Stocks to Watch: Varian, Green Mountain


NEW YORK ( TheStreet) -- Semiconductor products provider Applied Materials (AMAT - Get Report) agreed to buy Varian Semiconductor (VSEA) for $63 a share in cash, or about $4.9 billion. Shares of Varian were surging 51.3% to $61.35 in premarket trading Wednesday. Applied Materials was up 1.9% to $15.53.






K-Cup maker Green Mountain Coffee Roasters (GMCR - Get Report) was surging 17.5% to $75.31 in premarket trading on an improved outlook and better-than-expected profit.






Shares of Glu Mobile (GLUU - Get Report) staged a relief rally of 8.1% to $4.13 after the San Francisco-based developer of games for smartphones and tablets reported a narrower-than-expected loss for the first quarter.






ConAgra Foods (CAG - Get Report) offered to buy private food brand company Ralcorp Holdings (RAH) for $86 a share in cash, or about $4.9 billion. Ralcorp shares were surging 8% to $90.






Thin film solar module maker First Solar (FSLR - Get Report) was plunging 7.2% to $125 after reporting a first-quarter profit decline.






Media company CBS (CBS - Get Report) was popping 5.7% to $26.67 after beating first-quarter profit expectations and doubling its dividend.






Cable giant Comcast (CMCSA - Get Report) was gaining 2.5% to $27.28 after posting an in-line profit for the first quarter along with a nearly 18% jump in free cash flow.






Media company Time Warner Inc. (TWX - Get Report) reported first-quarter profit of 58 cents a share, narrowly beating the Wall Street consensus.

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-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

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Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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SYM TRADE IT LAST %CHG
AMAT $20.46 0.74%
CBS $61.91 0.67%
CAG $37.87 -2.60%
CMCSA $59.01 0.39%
FSLR $50.48 1.20%

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DOW 18,059.59 +19.22 0.11%
S&P 500 2,109.74 -1.99 -0.09%
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