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Elizabeth Arden's red ink; Home Depot springs forward; BHP Billiton demerger

Hot Stock Minute

Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.

Elizabeth Arden (RDEN) shares tumbled in early trading. The cosmetics company reported a much wider-than-expected loss of $1.04 a share. Revenue also missed estimates, falling nearly 25% from a year earlier due to a drop in sales of celebrity fragrances. The company also warned of more headwinds in its fiscal 2015.

Dick's Sporting Goods (DKS) rose before the bell. The retailer reported earnings that beat estimates by two pennies. Revenue also exceeded expectations. Same-store sales rose 3.2% as strong sales in its women's and youth athletic apparel offset declines in golf and hunting products.

Home Depot (HD) shares were higher in the pre-market. The world's largest home improvement chain reported earnings of $1.52 a share, beat analysts' estimates by $0.07. Revenue also topped expectations, rising 5.7% compared to a year ago thanks to home repairs after the harsh winter. Same-store sales rose 5.8%. The company also raised its full-year earnings outlook.  

Skilled Healthcare (SKH) share soared in the pre-market. The health-care service company said it would merge with privately held acute-care provider Genesis HealthCare in an all-stock deal that will create one of the largest U.S. providers of long-term medical care services. The combined company is expected to keep the Genesis name.

BHP Billiton (BBL) shares were lower in early trading. The global mining giant said it will spin off its metal and mining assets into two separate companies in order to simplify its operations and reduce costs. The new company is expected to focus on aluminum, coal, manganese, nickel and silver. It is expected to list on the Australian stock market and to have a secondary listing in South Africa. The split will undo the 2001 merger between BHP and Billiton.