Stocks to Watch: HSBC, Transocean, Arena
NEW YORK -- HSBC (HBC) said Monday that full-year net profit fell by 17% in 2012 as it paid almost $2 billion in fines to settle a money-laundering case brought by U.S. officials.
HSBC said 2012 pretax "underlying profit," which doesn't take into account charges, was $16.4 billion, up 18% from a year earlier.
Europe's largest bank lifted its dividend payout by 10% for the full year.
Buffett Questions Performance as S&P 500 Beats Berkshire
Tech Data (TECD) is expected by analysts Monday to report earnings of $1.76 a share in the fourth quarter on revenue of $7.22 billion. 5 Stocks Poised for Breakouts
Rig owner Transocean (RIG) swung to a profit in the fourth quarter as revenue at the Swiss company rose 9% to $2.33 billion. Adjusted profit, excluding items, was 91 cents a share in the fourth quarter. Analysts were expecting earnings of 82 cents a share on revenue of $2.36 billion.
Arena Pharmaceuticals (ARNA) is expected by analysts Monday to post a quarterly loss of 3 cents a share on revenue of $21.9 million.
A federal judge ruled that jurors miscalculated nearly half the $1 billion in damages it found Samsung owed Apple (AAPL) for patent infringement. U.S. District Judge Lucy Koh wiped out $450 million from the verdict and ordered a new trial to reconsider damages related to 14 Samsung products jurors in August found were using Apple's technology without permission, The Associated Press reported. Koh said jurors had not properly followed her instruction in calculating some of the damages. Apple Shareholder Meeting: Tech Weekly Recap
Stratasys (SSYS) is expected by Wall Street Monday to post fourth-quarter earnings of 38 cents a share on revenue of $52.8 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
