Today's stocks to watch in the news include Dollar General Corp. (DG), Express, Inc. (EXPR), and FuelCell Energy Inc (FCEL)
U.S. stock futures are signaling a flat open, following this morning's report on weekly jobless claims. Among specific equities in focus today are retailers Dollar General Corp. (NYSE:DG) and Express, Inc. (NYSE:EXPR), as well as energy stock FuelCell Energy Inc (NASDAQ:FCEL). Here's a quick look at what's driving DG, EXPR, and FCEL.
- DG is set to tank at the open, down 4.8% in electronic trading, following the company's disappointing third-quarter earnings report -- including a surprise drop in same-store sales. The company noted a "challenging retail environment" during the quarter. A round of bearish analyst attention could drop Dollar General Corp. even further. At the moment, 11 brokerage firms recommend buying the stock. DG shares closed Wednesday at $77.32, down more than 20% since their record peak of $96.88 in late July.
- An ugly full-year forecast has EXPR down 17.8% ahead of the open -- which would be a larger move than the options market expected -- and on pace to open in four-year-low territory. Making matters worse, CEO David Kornberg added, "We expect the holiday season to remain challenging." At $13.36 last night, Express, Inc. was already down almost 23% year-to-date, and short sellers have taken notice. During the most recent reporting period, short interest on EXPR popped 30.3%.
- FCEL is set to open 11.1% lower, which would put the shares at all-time lows, after the company announced it has cut roughly 17% of its workforce, and delivered a disappointing sales outlook. A year ago, FuelCell Energy Inc was trading above $10 per share, but closed Wednesday at $2.25. Not surprisingly, the stock was seated deep in oversold territory, according to its 14-day Relative Strength Index (RSI) of 22.
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