Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s Why These Five Stocks Are on the Move

Page 1 of 2

Crude futures are lower today as sentiment around the commodity remains negative due to consecutive weeks of disappointing inventory and rig count numbers.

The US stock market is mixed today, but in this article we take a closer look at Under Armour Inc (NYSE:UA), Verizon Communications Inc. (NYSE:VZ), Seadrill Partners LLC (NYSE:SDLP), Wynn Resorts, Limited (NASDAQ:WYNN), and MGM Resorts International (NYSE:MGM), which are on the move for various reasons. In addition, we are going to assess the hedge fund sentiment towards each stock.

At Insider Monkey, we track around 770 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on, can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see the details here).

Northfoto / Shutterstock.com

Northfoto / Shutterstock.com

Under Armour Falls Sharply On Earnings

Although it delivered another quarter of over 20% revenue growth, Under Armour Inc (NYSE:UA)’s stock is down by over 5% today after the apparel company reported earnings of $0.01 per share on sales of $1 billion. Despite Under Armour Inc (NYSE:UA)’s profits meeting analyst estimates and the company’s revenue increasing over the year, the company’s margins narrowed somewhat, with gross margin falling 70 basis points to 47.7%. Guidance isn’t very strong either and management sees full-year operating income coming in at $440 million to $445 million on revenue of $4.925 billion. Our data showed that fewer hedge funds were optimistic on Under Armour in the first quarter and among the funds that we track, the number of funds with holdings in Under Armour Inc (NYSE:UA) fell by four quarter-over-quarter to 21 at the end of March.

Follow Under Armour Inc. (NYSE:UAC)
Trade (NYSE:UAC) Now!

Verizon Reports Mixed Results

Just a few days after agreeing to buy Yahoo! Inc. (NASDAQ:YHOO)’s core internet sweepstakes, Verizon Communications Inc. (NYSE:VZ) reported mixed earnings for its second quarter, with EPS of $0.94 on sales of $30.53 billion. Although the telecom’s earnings per share was $0.02 ahead of analysts’ estimates (in spite of a large union strike), Verizon’s revenue missed the consensus estimate by $420 million. Cash flow from operations for the quarter was $5.4 billion and the company added a net 615,000 retail postpaid accounts during the quarter. Warren Buffett’s Berkshire Hathaway owned 15 million shares of Verizon Communications Inc. (NYSE:VZ) at the end of the first quarter.

Follow Verizon Communications Inc (NYSE:VZ)
Trade (NYSE:VZ) Now!

On the next page, we examine why Seadrill Partners LLC, Wynn Resorts Limited, and MGM Resorts International are on the move.

Page 1 of 2
Loading Comments...