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10 Stocks to Watch: Best Buy, Siga


NEW YORK ( TheStreet) -- Shares of Best Buy ( BBY) were jumping 7.4% to $30.96 in premarket trading Tuesday after the consumer electronics retailer reported first-quarter profit of 35 cents a share vs. the average analyst estimate of 33 cents a share.

Shares of infectious diseases treatment developer Siga Technologies (SIGA) were plunging 8.8% to $11.03 following a report that Congress plans to investigate the company's recent receipt of a government contract worth up to $2.8 billion.

Struggling mobile phone maker Nokia (NOK) said Tuesday it settled patent litigation with iPhone maker Apple (AAPL), including the withdrawal by both companies of their complaints to the International Trade Commission. Nokia shares were popping 3.9% to $6.35, while Apple shares were up 0.7% to $329.

Financial and economic information services provider FactSet Research Systems (FDS) reported third-quarter earnings of 92 cents a share, in line with estimates. Shares were falling 2.2% to $102.

Internet search leader Google (GOOG) has reportedly applied for a license to continue operating its mapping services in China. Google shares were up 0.8% to $508.99.

Computer and printer maker Hewlett-Packard (HPQ) has named longtime executive Ann Livermore to its board, and said the heads of three of its customer-facing units would now report directly to CEO Leo Apotheker. Shares were up 0.4% to $34.80.

Automaker Honda (HMC) expects its fiscal year 2012 profit to fall more than 63%.

Medical devices company AngioDynamics (ANGO) expects to earn 10 cents to 11 cents a share in the fourth quarter vs. the average analyst estimate of 14 cents a share.

Car and truck rental company Avis Budget Group (CAR) said it will buy Avis Europe for about $1 billion.

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-- Written by Andrea Tse in New York.

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 This material may not be published, broadcast, rewritten, or redistributed.

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