Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements reflect premarket trading.
Target—Down 2.6%: The retail giant reported a larger-than-expected increase in same-store sales for the holiday quarter, though profits and earnings projections for the year were in line with expectations.
CVS Health—Up 0.4%: CVS plans to sell about $44 billion of bonds as soon as Tuesday to help pay for its $69 billion acquisition of health insurer Aetna Inc.—the largest corporate bond sale in more than two years.
McDonald’s—Up 0.7%: The fast-food giant plans to make quarter-pound burgers at restaurants in the contiguous U.S. from fresh beef by May. The restaurant chain is looking to appease customers who want less processed food.
Netflix Inc.—Up 1.5%: Netflix shares were up sharply again in premarket trading after rising 8.5% over the last two sessions. Other highflying internet technology and internet stocks were up premarket, including Amazon.com and Apple
United Parcel Service Inc.—Up 2%: Stifel Nicolaus analysts upgraded shares of the shipping company to buy from hold and said the stock has been oversold recently.
3M—Up 0.7%: The conglomerate said Chief Executive Inge Thulin will step down from that position in the summer as the company splits its CEO and chairmanship roles.
Mylan N.V.—Up 3.5% to $43: Morgan Stanley analysts upgraded shares of the pharmaceutical company to overweight from equal weight and raised their price target to $50 from $39.
Cars.com—Up 4.3%: Cars.com topped profit expectations in the most recent quarter and said it expects revenue to grow 10% to 11% in 2018.
Nordstrom—Down 0.8%: The founding family of the retailer experienced a second setback in trying to take the company private on Monday, when a special committee of the board rejected a roughly $8 billion buyout offer as too low.
Ascena Retail Group—Down 14%: The owner of brands like Ann Taylor and Loft exceeded sales expectations in the most recent quarter, though profits and projections for the current quarter came up short.
CommerceHub—Up 23% to $22.56: CommerceHub said it has agreed to be acquired by private-equity firm Sycamore Partners in a cash deal valued at $1.1 billion. Holders of the distributed commerce network’s shares will receive $22.75 a share.
Ciena—Up 3.8%: The networking firm topped profit estimates in the most recent quarter and also beat on revenue.
