Five Stocks that Are Registering Gains on Wednesday for Various Reasons

Tupperware Brands Corporation (NYSE:TUP) rallied 11% after the company had reported third-quarter earnings of $0.79 per share on revenues of $521 million, beating estimates by $0.08 and $5.29 million, respectively. Gross margin increased 2.4 percentage points to 66.9%, while revenue in local currency increased by 7% year-over-year. Guidance was solid, with management expecting adjusted EPS of $4.39 – $4.44 for fiscal year 2015. Given the forward P/E of 11.6 and dividend yield of 4.93%, shares look reasonably valued, but hedge funds are cautious. A total of 16 funds in our database owned $183.15 million of the company’s shares, or 5.70% of the float, on June 30. Currently, some 14.22% of Tupperware Brands Corporation (NYSE:TUP)’s float is short, with hedge funds likely accounting for a substantial percentage of the short positions.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is up by 6.82% after reporting third quarter earnings of $5.24 per share on revenues of $590 million, exceeding estimates by $1.01 and $9.63 million, respectively. The Da Vinci shipments rose 5.4% year-over-year, while global Da Vinci procedures grew by 15% year-over-year. EPS increased by 31.3% year-over-year. Hedge funds are ambivalent on Intuitive Surgical, Inc. (NASDAQ:ISRG), as 32 funds owned $842.83 million of the company’s shares (representing 4.70% of the float) on June 30, up slightly from 33 funds and $1.11 billion on March 31.

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