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Today's list of hot stocks to watch features an upscale department store chain hiking its dividend 25%, a small-cap biotech collaborating with a global pharmaceutical giant, and a penny stock engaged in wearable technology for babies that is surging some 50%.
Take a look at these 12 hot stocks to watch today, and find out what's making them move.
12 Hot Stocks to Watch Today
Arotex Corp. (Nasdaq: ARTX) starts off our list of today's hot stocks. Shares surged nearly 25% to $4.29 after the defense and security products company reported robust Q1 2014 earnings. ARTX earned $0.05 per share, or $1 million, up from earnings per share (EPS) of $0.03 on revenue of $616,000 in the same quarter a year ago. Revenue rose to $22.4 million, up from $22.1 million in Q1 of 2013. Estimates were for EPS of $0.01 on revenue of $21.3 million.
Boeing Company (NYSE: BA) shares ticked up a couple of cents to $133.97 after a new Chinese airline ordered 50 Boeing 737s. The total value of the order from the new subsidiary Chain's Juneyao Airlines is estimated at $3.8 to $5.5 billion.
Celledex Therapeutics Inc. (Nasdaq: CLDX) shares soared nearly 30% to $15.93 after reporting that it's teamed up with Bristol Myers Squibb Co. (NYSE: BMY). The duo will combine their experimental cancer immunotherapies efforts aimed at treating tumor types including non-small-cell lung cancer, melanoma, ovarian, colon, and head-and-neck cancer.
Cisco Systems Inc. (Nasdaq: CSCO) shares ticked up 0.35% to $22.94 in afternoon trading. The IT company is scheduled to report fiscal Q3 2014 earnings after the close. Expectations are for EPS of $0.48, down from $0.51 in the same quarter a year ago. Revenue is expected to slip 7% to $11.38 billion. Still, Cantor Fitzgerald analyst Brian White, who has a "Buy" on the stock and a $27 price target, remains optimistic. "After experiencing a few difficult quarters in a row due to weakness in emerging markets, softness at service providers, muted IT spending and the impact of new product transitions without the associates sales, our model suggests that Cisco's profit cycle bottomed out in 3Q FY14 (April), and we expect major new platform initiatives to begin contributing more meaningfully to revenue over the next couple of quarters."