Hot Stocks of the Week: Clear Channel, HP, Macy's

Macy's Inc. on Wednesday posted first-quarter results that topped Wall Street expectations, lifting the stock 87 cents, or 3.6 percent, to $24.93.

Adjusted profit of 2 cents per share topped expectations for a 2-cent loss, and analysts attributed the strong quarter to efforts to cut costs.

On Friday, Macy's said FAO Schwarz will open toy stores in about 700 of its department stores over the next couple years. The stock declined 10 cents to close the day at $25.22.

CBS Corp.'s plan to buy CNET Networks Inc. for $1.8 billion, or $11.50 per share, lifted shares of CNET $3.46, or 43.5 percent, to $11.41 in trading volume nearly 32 times average. CNET Networks is an online news and information company that focuses on technology news, reviews and entertainment.

On Friday, Banc of America Securities analyst Brian P. Fitzgerald said he expected the deal to close at the current price and not face any regulatory pressure.

Shares declined 4 cents to finish at $11.37.

Zoltek Cos. shares gained $4.47, or 16.9 percent, to $30.98 on Friday on trading volume of around 4.1 million shares, far above average daily volume of 1.1 million shares. The maker of carbon fibers used in wind turbine blades posted a fiscal second-quarter profit, versus a year-ago loss, on a 35 percent increase in sales.