It's time now to look at four stocks to watch today. First up, we have JPMorgan (JPM) which posted its first weekly loss since December after falling almost 2% on Friday. The stock has climbed about 60% since the summer, and looked pretty unstoppable until the end of last week. That's when the Fed said JPM showed weaknesses in the second round of a stress test. There were also Senate hearings on the London Whale trading scandal and accusations that CEO Jamie Dimon tried to cover it up.
Aeropostale (ARO) may catch the eye of private-equity firms. The stock fell 5% last Friday, leaving it valued at just .46 times its revenue over the last year. Bloomberg says that makes Aeropostale the cheapest among similar-sized clothing chains. Aeropostale has no debt. It currently earns less in profits for each dollar of sales than its peers, so an outside investor might think there's room for improvement. Aeropostale is off its yearly lows which it hit back in the summer, but has not been a part of the recent rally.
We don't have any big companies reporting earnings today. So we thought we'd look at two smaller ones which have been on the move. First is UTStarcom (UTSI). Shares dropped more than 7% on Friday ahead of the report. UTStarcom integrates things like cable and internet services. The company is based in Beijing and focused on China.
Also reporting today is Horizon Pharmaceuticals (HZNP). Shares were up 5% on Friday, but they're still at just 1/3 of their 52-week high reached back in June. Horizon is focused on finding and marketing medications for arthritis and similar conditions. Regulators in the UK recently gave marketing approval for its arthritis drug Duexis.
- Investment & Company Information