Stocks to Watch Monday: Groupon, Newmont
6/1/12 5:21 PM ET (MarketWatch)
CHICAGO (MarketWatch) -- Groupon Inc., Newmont Mining Corp., Barrick Gold Corp. and Conn's Inc. are among the stocks that could see active trading on Monday.
Groupon (GRPN) shares fell 9% Friday following the expiration of the company's insider lock-up period after its IPO, meaning that 93% of its outstanding shares are now available to be sold. Read about Friday's losses in Groupon's shares.
Hewlett-Packard Co. (HPQ) shares also fell Friday, slumping more than 6% to become the worst performer on the Dow Jones Industrial Average
after Jefferies & Co. cut its rating on the tech heavyweight to hold from buy. See more in Tech Stocks.
But shares of Newmont Mining (NEM) gained 6.7%, bouncing back from losses in Thursday's session as gold futures drew risk-averse buyers. Read more about Friday's rally in gold.
Also higher in the gold group Friday, IAMGOLD Corp. (IAG) climbed 9.2%. Barrick Gold (ABX) moved up 7.3% and Kinross Gold Corp. (KGC) advanced 7%.
Quanex Building Products Corp. (NX) is seen posting a fiscal second-quarter loss of 8 cents a share on revenue of $200 million, according to a poll of analysts conducted by FactSet Research.
Conn's Inc. (CONN) , which sells consumer electronics and appliances, is expected to report first-quarter earnings of 33 cents a share on sales of $166.9 million.
U.S. stocks suffered heavy losses Friday, with disappointing U.S. May jobs figures and downbeat economic reports from China and the euro zone feeding fears about growth prospects worldwide. The Dow dropped 275 points, or 2.2%, and turned negative for the year. The S&P 500
fell into correction territory, and the Nasdaq Composite Index
lost 2.8%. See more about Friday's tumble in U.S. stocks.