11 Stocks to Watch: PSS, AMAT, CPKI


NEW YORK (TheStreet) -- Shares of Collective Brands (PSS) were plunging 16.6% to $15.32 in premarket trading Wednesday after the footwear retailer missed Wall Street's profit expectations by a wide margin.


California Pizza Kitchen ( CPKI) was popping 12.5% to $18.80 after agreeing to sell itself to private-equity firm Golden Gate Capital for about $470 million, The Wall Street Journal reported.


Medical devices company Boston Scientific ( BSX) was rising 3.3% to $6.89 after announcing that it has received approval from the U.S. Food and Drug Administration to market its 2.25 mm Promus Everolimus-Eluting Coronary Stent System for use in vessels as small as 2.25 mm in diameter. The stock has been upgraded to neutral from sell at Goldman Sachs.


Warehouse retailer Costco ( COST) said third-quarter earnings rose 6% as net sales jumped 16% to $20.19 billion. Costco shares were falling 2.9% to $79.02.


Analog semiconductor company Avago Technologies ( AVGO) was rising 2.7% to $32.56 after reporting second-quarter profit of 64 cents a share vs. the average analyst estimate of 60 cents a share.


Toll Brothers ( TOL) was rising 2.6% to $20.80 after saying its second-quarter loss narrowed from a year earlier as the luxury homebuilder continues to see stability across its products.


Shares of Applied Materials ( AMAT) were falling 2.4% to $13.38 after the chip equipment maker gave a below-consensus view for the July quarter, saying it sees a sequential decline of between 3% to 10% in net sales.


In a small step toward unwinding the government's significant stake in American International Group ( AIG), the company and the U.S. Treasury priced an offering of 300 million of the insurer's common shares at $29 each, generating $8.7 billion in proceeds. Shares were down 2.4% to $28.74.


Meat company Hormel Foods ( HRL) was down 1.7% to $29.50 after reporting second-quarter profit of 40 cents a share, in line with estimates.


The board of UnitedHealth ( UNH) has approved the increase of the health care benefits company's quarterly dividend to 16.125 cents a share from 12.5 cents and renewed the company's share repurchase program, authorizing the purchase of 110 million shares over time. Shares were down 0.5% to $47.72.


Video game developer Take-Two Interactive ( TTWO) posted a narrower-than-expected quarterly loss and said it has extended long-term employment agreements with key members of its Rockstar Games creative team while also inking a new management deal with ZelnickMedia. Shares were trading sideways at $16.11.

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-- Written by Andrea Tse in New York.

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