Stocks to watch: tgt, spls, anf & more

Stocks to watch: tgt, spls, anf & more


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_Take a look at some of Wednesday's morning movers:_ Target - The retailer earned for the second quarter, excluding certain items, 11 cents above estimates. It also raised its full-year


earnings guidance. Staples - The office supplies retailer earned $0.18 per share for its latest quarter, four cents shy of estimates. Staples said sales in North America were weaker than


expected, and that the ongoing economic problems in Europe are impacting the company. Abercrombie & Fitch - The teen retailer earned $0.19 per share for the second quarter, two cents


above estimates, though revenue did fall short of consensus. The company called its quarter "disappointing." Abercrombie also increased its share buyback authorization by 10


million shares. Deere - Deere earned $1.98 per share for its third quarter, well short of estimates of $2.31. Revenue was essentially in line with analysts' estimates. The heavy


equipment maker calls the quarter strong, but said sales fell short of expectations in international markets. Quarterly 13F filings — detailing second-quarter portfolio changes for hedge


funds and significant investors — may help move a number of stocks today. Some highlights: Warren Buffett’s Berkshire Hathawayhas taken new stakes in Phillips 66 and National Oilwell Varco,


while selling off chunks of its holdings in Kraft Foods and Procter & Gamble . Paulson & Co. has taken new stakes in Cablevision and Hillshire Brands, while selling stakes in Medco


Health and MetLife. Bill Ackman’s Pershing Square took a new stake in Procter & Gamble, while selling stakes in Kraft and Family Dollar. David Einhorn’s Greenlight Capital took new


stakes in Aetna and Chipotle Mexican Grill, while dissolving stakes in Dell and HCA. Facebook is among the stocks bought by both . Carlyle Group - The private-equity firm is in privately


held GETTY IMAGES for $3.3 billion. JDS Uniphase - The company earned $0.15 per share for its fourth quarter, three cents above estimates. The maker of networking equipment also said its


chief financial officer, Dave Vellequette, is stepping down at month’s end. Sirius XM Radio - The satellite radio operator is one step closer to being controlled by John Malone’s Liberty


Media, which has raised its stake to 48 percent. The New York Times Co. - The company has named BRITISH BROADCASTING CORP. chief as its new CEO. He’ll start his job in December after moving


to New York from the U.K. _—By CNBC’s Peter Schacknow_ _Questions? Comments? Email us at _