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Sears slides; Family Dollar rejects Dollar General bid; Hungry for Hormel

Hot Stock Minute

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

Sears (SHLD) shares tumbled in early trading. The owner of Sears department stores and Kmart stores reported its ninth-straight quarterly loss. Adjusted earnings missed analysts' expectations by $0.24. Revenue, which fell almost 10%, also missed the mark. 

Hewlett-Packard (HPQ) is also on investors' watchlist this morning. A 12% jump in sales of personal computers helped HP post its first year-over-year sales increase in three years. Sales rose more than 1% from a year earlier, beating analysts' estimates. However, earnings matched expectations as the company undergoes a massive restructuring.

Keep an eye on the discount store chain sector today after Family Dollar (FDO) rejected a takeover offer from Dollar General (DG) citing antitrust concerns. This paves the way for Family Dollar to merge with Dollar Tree (DLTR) in an $8.5 billion deal. Separately, Dollar Tree reported earnings of $0.61 a share missing analysts' estimates by three pennies. Revenue came in slightly above estimates, and was up about 9.5% compared to a year ago. Same-store sales rose 4.5%.

Hormel Foods (HRL) rose in the pre-market after the packaged food company reported earnings and revenue that topped analysts' estimates. Profits jumped 21% from a year earlier and revenue rose nearly 6% thanks to strong sales of it refrigerated-foods and Jennie-O Turkey store segments. 

United Parcel Service (UPS) is also in focus after the package delivery company said credit card data may have been stolen from 51 UPS stores in 24 states, including California, Florida, Texas and New York. UPS said the breach may have compromised information of 105,000 customers between January and August.