Stocks to Watch: Wisconsin Energy, Oracle, GE are stocks to watch

Oracle Corp.
ORCL,
-0.72%
 shares may move after the tech company was reported to be close to a deal to buy Micros Systems Inc.
US:MCRS
 for $5 billion. This would be the largest acquisition since Oracle bought Sun Microsystems in 2010.

General Electric Co.
GE,
-0.23%
  could garner attention after French engineering group Alstom SA
ALSMY,
-1.04%
 
ALO,
-0.81%
 on Saturday officially accepted a sweetened offer for its power-equipment unit.

Separately, Banco Santander
SAN,
-3.18%
 agreed to buy GE Capital’s consumer-finance business in Sweden, Denmark and Norway, the Spanish bank said in a statement on Monday. Banco Santander’s consumer-finance unit will acquire the GE Money Bank AB business for about 700 million euros ($952 million), with the deal expected to close in the second half of 2014.

Harbinger Group Inc.
US:HRG
 is preparing to make a $1.1 billion bid for Central Garden & Pet Co.
CENTA,
+1.90%
 , The Wall Street Journal reported, citing a source familiar with the matter. Harbinger, the holding company led by hedge-funder Philip Falcone, disclosed a 3.1% stake in the company earlier this month.

Micron Technology
MU,
+0.77%
 is projected to report third-quarter earnings of 69 cents a share, according to a consensus survey by FactSet.

“While we expect the company to deliver solid May quarter results, we look to the August quarter and beyond when the industry faces supply constraints in light of continued demand growth,” said analyst Hans Mosesmann at Raymond James Equity Research in a recent report. He also reiterate the stock’s strong buy rating and raised the price target to $40 from $30.

Sonic
US:SONC
is expected to post earnings of 29 cents a share in the third quarter. Mild spring weather and late arrival of summer are likely to have weighed on the fast-food restaurant’s same-store sales in the quarter, according to analyst Rachael Rothman at Susquehanna International Group.

CBS
US:CBS,
Comcast Corp.
CMCSA,
-0.73%
 and other entertainment companies are expected to be in the spotlight as investors await a Supreme Court ruling on the legality of Aereo that could come as early as Monday.

Aereo provides services to allow subscribers to stream local over-the-air broadcasts to various electronic devices. Major broadcasters are arguing that Aereo violates their rights under federal copyright law.

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