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Here’s Why Tempur Sealy International, Nike, Facebook, and Two Other Stocks Are Trending Today

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With the two big catalysts this month, the FOMC decision on the 21 and the OPEC decision on the 27, in the rear-view mirror, volatility has died down, with the VIX fear index closing at just 13.1 yesterday.

Among the stocks that investors are buzzing about today are two companies that have just reported earnings or updated their guidance and three tech giants. Let’s take a closer look at the latest news surrounding Tempur Sealy International Inc (NYSE:TPX), Nike Inc (NYSE:NKE), Facebook Inc (NASDAQ:FB), Yahoo! Inc. (NASDAQ:YHOO), and Verizon Communications Inc. (NYSE:VZand see what the smart money investors from our database think about them.

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Yahoo! Inc. (NASDAQ:YHOO), Logo, Sign, Smarphone, Display, browser, Symbol, Pink,

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Tempur Sealy International Inc (NYSE:TPX) shares have plunged after the company issued a business update in regards to its financial guidance for full year 2016. For the year, Tempur Sealy expects net sales to be down 1 to 3 percent as compared to 2015 and for adjusted EBITDA to be in the range between $500-$525 million. The company also said:

“The net impact of the revenue shortfall and our continued margin expansion is that we felt it was appropriate to lower the midpoint of our adjusted EBITDA guidance by 5%. The midpoint of this updated guidance implies an increase in adjusted EBITDA of approximately 12% and approximately 20% growth in adjusted earnings per share compared to 2015.”

Of the 749 top funds that we track, 37 held $1.16 billion worth of Tempur Sealy International Inc (NYSE:TPX)’s stock, which accounted for 34.40% of the float on June 30.

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Nike Inc (NYSE:NKE) is in the spotlight after the company reported fiscal first quarter earnings of $0.73 per share, beating the estimates by $0.17 per share. Revenue was $9.06 billion, up by 7.7% year-over-year, and $190 million ahead of estimates. Gross margin inched lower by 200 basis points to 45.5% as higher average selling prices were more than offset by the strong dollar, the impact of exiting the Gulf equipment business, and several other temporary factors. During the quarter, Nike bought back 19 million shares for a total value of around $1.1 billion. Stephen Mandel’s Lone Pine Capital upped its stake by 53% in the second quarter in Nike Inc (NYSE:NKE) to 18.3 million shares at the end of June.

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On the next page, we find out why traders are talking about Facebook Inc, Yahoo! Inc, and Verizon Communications Inc.

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