Hot Stocks Of The Day (CGV, CMG, IMAX, ADSK, DE)

CGG Veritas (ADR) (NYSE:CGV) moved up 5.67% to $27.79. CGG Veritas SA has started acquiring its first StagSeisTM dual-vessel, long-offset multi-client full-azimuth survey in the Keathley Canyon area of the US Gulf of Mexico. This 221-block will take approximately 6-7 months to acquire and is the first phase in a multi-client program that CGGVeritas will conduct in the Gulf of Mexico over the next few years.

Chipotle Mexican Grill Inc (NYSE:CMG) went up 0.45% to $396.10. The Company will report its second quarter results on July 19, 2012. However, consensus estimate profit of $2.30 per share compared to $1.59 per share in the prior year period. Revenue is projected to be $706.6 million for the quarter compared to $571.6 million in the prior year period. Analysts are expecting earnings of $8.86 per share for the fiscal year. The revenue is projected to be around $2.77 billion for the year.

IMAX Corporation (USA) (NYSE:IMAX) increased 3.73%to $25.02 on a traded volume of 1.04 million shares. B. Riley upgraded the rating on the stock from sell to neutral in a research report issued to clients and investors.

The Company said that it expanded its deal with AMC Entertainment and will add up to 18 theaters.

Autodesk Inc (NASDAQ:ADSK) declined 0.67% to $31.18 on a traded volume of 449k shares. The Company has signed a definitive agreement to purchase Socialcam for approximately $60 Million. Socialcam is a mobile social video capture, editing and sharing app and service that was launched in 2011. This transaction is expected to close in Autodesk’s third quarter of fiscal 2013.    

Deere & Company (NYSE:DE) decreased 2.10% to $75.20 on a traded volume of 2.36 million shares. JPMorgan Chase lowered the rating on the stock from overweight to an underweight in a research note. The rating of the stock was lowered due to drought in the U.S. Midwest and declining farm yield. Hot and dry weather for the next two weeks is likely to put even more stress on already beleaguered corn and soybean crops in the western and northern U.S. Midwest.