Here are a few stocks to keep on your radar Tuesday:
- Home Depot (NYSE:HD) shares were 1.3% higher amid the broader market’s early selloff after the company beat fourth-quarter earnings estimates and guided analysts higher for its fiscal 2010 profit. The homebuilding supply retailer also boosted its quarterly dividend by 6% to 25 cents a share.
- Dynegy (NYSE:DYN) was off 2 cents to $5.99. Over the weekend, the company’s merger agreement with Icahn Enterprises was terminated after an insufficient number of shares were tendered for the $5.50-a-share offer. Dynegy’s second-largest shareholder, Seneca Capital had opposed the deal and urged shareholders not to tender. In addition, Dynegy’s CEO and CFO have resigned, and the current board will not stand for re-election.
- Shares of Delcath (NASDAQ:DCTH) plunged more than 37% in early Tuesday trading after the company said it received a “refusal to file” letter from the Food and Drug Administration regarding the company’s stage 3 liver cancer treatment. Delcath said it plans to work with the FDA and submit a new drug application by Sept. 30.
- V.F. Corp (NYSE:VFC) was nearly 7% higher after the company beat fourth-quarter earnings estimates and said fiscal 2011 earnings and revenue would be above Wall Street’s current expectations.
- Wal-Mart (NYSE:WMT) shares were down 3.7% on Tuesday after the company’s fourth-quarter earnings report. The mega-retailer’s profit beat the Street’s expectations, but revenue came in a tad light, rising only 2.4%. Its forecast for the first quarter and full fiscal year were in line with estimates.
