These stocks could see major moves on Thursday

All eyes will be on Home Capital Group Inc. again on Thursday to see if the alternative mortgage lender's stock will continue to slide.

The stock fell 65 per cent on Wednesday after the company said it received a $2-billion credit line for its Home Trust subsidiary, amid continued withdrawals.

Home Capital said early Wednesday that it expected a "firm commitment" with the unnamed lender later in the day. There was no follow-up announcement by press deadline Wednesday night.

Shares of the beleaguered lender are down 73 per cent since the Ontario Securities Commission accused the company of making "materially misleading statements" to investors in a statement of allegations on April 19. A few days later, the company said its founder and former CEO Gerald Soloway was stepping down and chief financial officer Robert Morton was taking on a different role.

Other stocks to watch on Thursday will be Goldcorp Inc., which reported first-quarter earnings after markets closed Wednesday.

Goldcorp Inc. reported net income that more than doubled -- despite producing less gold -- as the company surprised analysts with lower costs.All-in sustaining costs were $800 an ounce in the first quarter compared with the $840 average estimate and $836 a year earlier, Vancouver-based Goldcorp said in the statement.  First-quarter net income rose to $170 million, or 20 cents a share, from $80 million, or 10 cents, a year earlier. That beat the 9-cent per-share average of four estimates compiled by Bloomberg.

First-quarter output trailed analysts' estimates. The company produced 655,000 ounces of gold, compared with 784,000 a year earlier and the average estimate for 659,500.

The company also issued a separate update on its exploration activities, nothing it is on track to meet its previously stated goal of increasing reserves by 20 percent over the next five years.

Suncor Energy Inc. was also expected to report its first-quarter earnings late Wednesday. Investors are looking to see more signs of a recovery in the oil patch from one of the industry's largest producers. Analysts were expecting Suncor to report earnings of 31 cents in the quarter, compared to a loss of 33 cents a year ago.

Jean Coutu Group Inc. and Potash Corp. of Saskatchewan Inc. are each expected to release their latest results before the markets open.

Analysts are expecting Jean Coutu to report a profit of 26 cents a share and revenue of $430.1-million in its fourth-quarter. That compared to 28 cents and revenue of $706.6-million a year ago. Jean Coutu has missed on six of the last eight quarters, according to Bloomberg data.

Potash is expected to report first-quarter earnings of 11 cents per share, down from 15 cents a year ago. Potash reported adjusted earnings misses in seven of the last eight quarters, according to Bloomberg.

Some big U.S. names expected to report before markets open include American Airlines Group Inc. and United Parcel Service Inc.

American Airlines, the world's largest carrier, is expected to report first-quarter earnings of 56 cents (U.S.) per share and revenue of $9.6-billion, compared to earnings of $1.25 and revenue of $9.4-billion a year ago.

UPS is expected to report earnings of $1.29 per share and revenue of $15.2-billion compared to earnings of $1.27 and revenue of $14.4-billion a year earlier. Investors will be watching to see how higher package-delivery costs are impacting the company.

Other stocks likely to see significant moves on news include Weight Watchers International Inc., which spiked 6 per cent in the post market Wednesday on news it hired Mindy Grossman from the Home Shopping Network as its new CEO, and Canada's Concordia International Corp. The pharmaceutical company announced in the post market Wednesday that David Price has been appointed as its chief financial officer, replacing Edward Borkowski who left "to pursue other opportunities." Mr. Price most recently served as CFO of Bioventus Inc., a private equity-backed global provider of medical devices in the orthobiologics field.

With files from Bloomberg News and Reuters