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Stocks to Watch: Amazon, Navistar


Amazon (AMZN - Get Report) has a major event planned in Santa Monica, Calif., on Thursday. The company hasn't disclosed what it will say but it's expected to unveil a new Kindle Fire. It's also likely to announce the newest versions of its line of Kindle e-readers, according to reports.

Navistar International (NAV - Get Report), the heavy truck and recreational vehicle maker, is expected by analysts Thursday to post a fiscal third-quarter loss of $1.36 a share on revenue of $2.96 billion.

Hovnanian Enterprises (HOV - Get Report) , the homebuilder, is seen reporting a third-quarter loss of 14 cents a share on revenue of $413.2 million.

Mark Cuban Gets Facebook; Most Others Don't

Supervalu (SVU - Get Report) plans to close about 60 stores. The grocer said Wednesday it would close most of the "underperforming or non-strategic stores" before Dec. 1.

The company suspended its dividend in June and said it was reviewing its options with financial advisers, including a possible sale of the company.

The board of General Growth Properties (GGP - Get Report), the mall owner, is looking to hire an investment bank, a week after activist investor Bill Ackman stepped up pressure on the company to consider putting itself up for sale, two sources familiar with the matter told Reuters.

Why Apple Is Checking Out Wal-Mart

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:
Copyright 2012 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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AMZN $675.74 0.68%
GGP $25.56 -0.29%
HOV $1.78 5.70%
NAV $14.42 1.70%
SVU $7.04 -1.10%


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