Stocks to Watch (STX,FUL,GIS,ATPG,INCY,DAC)

Seagate Technology (NASDAQ: STX) said it sees first-quarter revenue at the high end or beyond its forecast range because of hard disk drive demand. The hard disk maker forecasts a first-quarter revenue range of $2.4 billion to $2.6 billion, with gross margins of 23% to 24%. Analysts surveyed by FactSet Research estimate quarterly revenue of $2.52 billion.Yesterday, the stock hit a new 52-week high at $15.80 and closed at $15.68.

H.B. Fuller Company (NYSE: FUL) said late Tuesday that its fiscal third-quarter profit rose to $35.4 million, or 72 cents a share, from $21.7 million, or 44 cents a share, in the year-ago period. Revenue fell to $315.3 million from $362 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 36 cents a share on revenue of $314.1 million. The stock surged 5.50% in after hours trading.

General Mills, Inc. (NYSE: GIS) is forecast to post earnings of $1.02 a share in the fiscal first quarter, according to analysts surveyed by FactSet Research.  In the last one month the stock has surged over 29% and yesterday closed at $60.97.

ATP Oil & Gas Corporation (NASDAQ: ATPG)  slide 9% to $20.13 in after hours trading after the energy producer announced and offering of $125 million in convertible perpetual preferred stock and said third-quarter production will be lower than expected.

Incyte Corporation (NASDAQ: INCY)fell 9% to $7.40 after, the developer of medicines, for immune system diseases, said it intends to offer up to $250 million aggregate principal amount of convertible senior notes due 2015 in a private placement.

Danaos Corporation (NYSE: DAC) plunged 11% to $4.91 after it announced that it has now obtained waivers covering all prior breaches of financial covenants in its credit facilities as well as any subsequent breaches of these covenants until October 1, 2010. Danaos Corporation also announced that the charterer of six of its containerships, Zim Integrated Shipping Services Ltd., has stated that it is reducing, unilaterally, all of its long-term charterhire payments to ship-owners by 35% commencing September 1, 2009 and for an indicated period of three years.