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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 - Get Report) 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 - Get Report) said Tuesday it settled patent litigation with iPhone maker Apple (AAPL - Get Report), 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 - Get Report) 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 - Get Report) 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 - Get Report) expects its fiscal year 2012 profit to fall more than 63%.

Medical devices company AngioDynamics (ANGO - Get Report) 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 - Get Report) said it will buy Avis Europe for about $1 billion.

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 This material may not be published, broadcast, rewritten, or redistributed.

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