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June 23, 2014, 7:43 a.m. EDT

Wisconsin Energy, Oracle, GE are stocks to watch

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By Ben Eisen and Sue Chang, MarketWatch

NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session.

Wisconsin Energy Corp. /zigman2/quotes/207419035/composite WEC -1.97%  said it would buy Integrys Energy Group Inc.  in a cash-and-stock purchase valued at $9.1 billion, including debt.

Oracle Corp. /zigman2/quotes/202180826/composite ORCL -0.21%  shares may move after the tech company was reported to be close to a deal to buy Micros Systems Inc.  for $5 billion. This would be the largest acquisition since Oracle bought Sun Microsystems in 2010.

General Electric Co. /zigman2/quotes/208495069/composite GE -1.97%   could garner attention after French engineering group Alstom SA /zigman2/quotes/205272573/delayed ALSMY +0.20%   /zigman2/quotes/209823934/delayed FR:ALO +2.34%  on Saturday officially accepted a sweetened offer for its power-equipment unit.

Separately, Banco Santander /zigman2/quotes/205677933/delayed ES:SAN +2.06%  agreed to buy GE Capital’s consumer-finance business in Sweden, Denmark and Norway, the Spanish bank said in a statement on Monday. Banco Santander’s consumer-finance unit will acquire the GE Money Bank AB business for about 700 million euros ($952 million), with the deal expected to close in the second half of 2014.

Harbinger Group Inc. is preparing to make a $1.1 billion bid for Central Garden & Pet Co. /zigman2/quotes/206292828/composite CENTA +1.73%  , The Wall Street Journal reported, citing a source familiar with the matter. Harbinger, the holding company led by hedge-funder Philip Falcone, disclosed a 3.1% stake in the company earlier this month.

Micron Technology /zigman2/quotes/205710729/composite MU +0.66%  is projected to report third-quarter earnings of 69 cents a share, according to a consensus survey by FactSet.

“While we expect the company to deliver solid May quarter results, we look to the August quarter and beyond when the industry faces supply constraints in light of continued demand growth,” said analyst Hans Mosesmann at Raymond James Equity Research in a recent report. He also reiterate the stock’s strong buy rating and raised the price target to $40 from $30.

Sonic is expected to post earnings of 29 cents a share in the third quarter. Mild spring weather and late arrival of summer are likely to have weighed on the fast-food restaurant’s same-store sales in the quarter, according to analyst Rachael Rothman at Susquehanna International Group.

CBS , Comcast Corp. /zigman2/quotes/209472081/composite CMCSA +0.55%  and other entertainment companies are expected to be in the spotlight as investors await a Supreme Court ruling on the legality of Aereo that could come as early as Monday.

Aereo provides services to allow subscribers to stream local over-the-air broadcasts to various electronic devices. Major broadcasters are arguing that Aereo violates their rights under federal copyright law.

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/zigman2/quotes/207419035/composite
US : U.S.: NYSE
$ 106.15
-2.13 -1.97%
Volume: 799,049
May 25, 2022 12:43p
P/E Ratio
24.72
Dividend Yield
2.74%
Market Cap
$34.16 billion
Rev. per Employee
$1.23M
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 68.88
-0.15 -0.21%
Volume: 2.15M
May 25, 2022 12:44p
P/E Ratio
26.39
Dividend Yield
1.86%
Market Cap
$184.18 billion
Rev. per Employee
$316,879
loading...
/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 73.05
-1.47 -1.97%
Volume: 2.53M
May 25, 2022 12:44p
P/E Ratio
N/A
Dividend Yield
0.44%
Market Cap
$82.02 billion
Rev. per Employee
$442,143
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/zigman2/quotes/205272573/delayed
US : U.S.: OTC
$ 2.57
+0.0050 +0.20%
Volume: 165,665
May 25, 2022 12:21p
P/E Ratio
N/A
Dividend Yield
0.79%
Market Cap
$9.61 billion
Rev. per Employee
$250,627
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/zigman2/quotes/209823934/delayed
FR : France: Euronext Paris
24.52
+0.56 +2.34%
Volume: 1.17M
May 25, 2022 5:35p
P/E Ratio
N/A
Dividend Yield
1.02%
Market Cap
€8.96 billion
Rev. per Employee
€215,798
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/zigman2/quotes/205677933/delayed
ES : Spain: Madrid
2.95
+0.06 +2.06%
Volume: 68.36M
May 25, 2022 5:38p
P/E Ratio
6.22
Dividend Yield
2.74%
Market Cap
€49.34 billion
Rev. per Employee
€352,068
loading...
/zigman2/quotes/206292828/composite
US : U.S.: Nasdaq
$ 41.19
+0.70 +1.73%
Volume: 49,695
May 25, 2022 12:44p
P/E Ratio
14.90
Dividend Yield
N/A
Market Cap
$2.26 billion
Rev. per Employee
$484,567
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 67.06
+0.44 +0.66%
Volume: 7.30M
May 25, 2022 12:44p
P/E Ratio
8.44
Dividend Yield
0.60%
Market Cap
$74.39 billion
Rev. per Employee
$724,860
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 43.31
+0.23 +0.55%
Volume: 5.51M
May 25, 2022 12:44p
P/E Ratio
13.95
Dividend Yield
2.49%
Market Cap
$192.95 billion
Rev. per Employee
$635,926
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Ben Eisen is a MarketWatch reporter based in New York. You can follow Sue Chang on Twitter at @SueChangMW.

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