Hewlett-Packard (HPQ) is likely to react to its announcement at its annual analyst day event that it expects fiscal year 2011 revenues to come in between $131.5 million and $133.5 million. The company also said it expects adjusted earnings of $5.05-$5.15 per share. Analysts expect earnings of $4.99 per share on revenues of $131.42 billion.
Boeing (BA) may see buying interest after it announced that it has been awarded a new multi-year procurement contract from the U.S. Navy for 124 F/A-18E/F Super Hornet and EA-18G Growler aircraft. The company noted that the new contract is valued at $5.297 billion and that the deliveries would begin in 2012 and go on until 2015.
Campbell Soup (CPB) is expected to move in reaction to its announcement that its president and CEO Douglas Conant will step down from the post of CEO on July 31, 2011. The company also said it elected Denise Morrison as EVP and COO, effective October 1, 2010 in the run up to her succession to the post of CEO after Conant relinquishes office at the beginning of fiscal 2012.
Caterpillar (CAT) is likely to be in focus after it announced plans to expand its manufacturing presence in China by producing mini hydraulic excavator models in the under 8-ton range at a new facility at Wujiang. The company expects work on this new facility to begin in late 2010 and expects to begin production in 2012.
Teekay (TK) may react to its announcement that its president and CEO Bjorn Moller will retire in the spring of 2011 after serving the company for more than 25 years. Simultaneously, the company also announced the appointment of its chief strategy officer and EVP Peter Evensen as CEO-elect to succeed Moller.
AutoZone (AZO) could see buying interest after it announced plans to buy back additional $500 million of its common stock in connection with its ongoing share repurchase program. Another stock that could be in focus over stock buyback news is Covance (CVD), which said its board authorized the buyback of up to $250 million of its outstanding common stock. The company clarified that the buyback is in addition to the about 800,000 shares remaining under the repurchase authorization announced in 2007.
Fluor (FLR) may see some activity after it announced that it has been awarded the Project Hijau Gasoil Phase – 1 by Shell Refining Company FOM Malaysia. The company did not reveal the value of the deal, although it said it would recognize the contract value in the third quarter of 2010.