Stocks to Watch (AA, HOTT, SVNT, SCSC, LXRX, BX)

Alcoa Inc. (NYSE: AA) rallied 7.04% to $15.20 in pre hours following Alcoa Inc. reported third-quarter net income of $77 million or $0.08 per share versus net income of $268 million or $0.33 per share in the same quarter a year before. This was way ahead the street’s estimated as On average, 15 analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter.

Hot Topic, Inc. (NASDAQ: HOTT) climbed 8.83% to $8.39 said its sales at stores open at least one year declined 4% in September versus 6.6% drop estimated by analysts in a survey by Retail Metrics LLC.

Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) fell 6.44% to $14.10 as t plans to sell 4 million shares, raising money to fund the approval of its gout treatment drug, Krystexxa.

ScanSource, Inc. (NASDAQ: SCSC) rose 7.31% to $31.70 on the news that company’s sales in the fiscal first quarter were at least $480 million above the average estimate of $460 million from analysts in a Bloomberg survey.

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) plunged 8.11% to $1.70 after the news that it will sell up to 30 million shares to its the public and its largest shareholder.

The Blackstone Group L.P. (NYSE: BX) plans to buy Anheuser-Busch InBev's U.S. theme parks for up to $2.7 billion. Blackstone will pay $2.3 billion on closing and a right to participate in its return on initial investment capped at $400 million.