Here’s Why Traders Are Buzzing about These Five Stocks on Friday

General Electric Shares Lower on Revenue Short Fall 

General Electric Company (NYSE:GE) shares are modestly lower, by 1.5%, after the company turned in a mixed first quarter. Although the company beat earnings estimates by $0.02 per share with EPS of $0.21, it missed sales expectations by $70 million, having reported a figure of $27.6 billion. In terms of segment performance, General Electric’s industrial operating earnings fell by 12% year-over-year to $1.44 billion and its vertical earnings rose by 43.3% to $496 million. The company returned $8.3 billion back to its shareholders in the quarter, with $6.1 billion in form of buybacks. Warren Buffett’s Berkshire Hathaway owned 10.59 million shares of General Electric Company (NYSE:GE) at the end of December.

Concordia Up on Strategic Alternatives

Concordia Healthcare Corp (NASDAQ:CXRX) shares are trading 6% in the green after the company announced that it has formed a special committee in its Board of Directors to consider strategic alternatives. Concordia Healthcare Corp (NASDAQ:CXRX) shares have fallen more than 60% from their September 2015 highs and Bloomberg has reported that the private equity firm Blackstone Group LP might be interested in acquiring Concordia. A total of 18 elite funds owned 5.6% of the company as of the most recent 13F reporting period.

TerraForm Power Not as Effected By SunEdison Bankruptcy

Although Sunedison Inc (NYSE:SUNE) has declared bankruptcy, TerraForm Power Inc (NASDAQ:TERP) has said the company, has ‘no plans to file for bankruptcy’ itself. Despite TerraForm Power Inc (NASDAQ:TERP) being a yieldco of Sunedison, it believes it has enough liquidity to continue normal operations in the wake of the bankruptcy by its parent. The equity interests of TerraForm Power’s assets are off-limits to SunEdison’s creditors. A total of 24 top funds in our database held more than a third of TerraForm Power’s float at the end of December.

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