Here’s Why Traders Are Piling Into These Five Stocks

Blackhawk Network Holdings Inc (NASDAQ:HAWK) shares have surged by 7.8% after the company reported third quarter earnings of $0.14 per share on revenue of $361.6 million for its third quarter of 2016. Those numbers represent a mixed bag compared to the $0.17 per share in earnings and $352.7 million in revenue that the company managed for the third quarter of 2015. In terms of guidance, Blackhawk’s management expects 2016 adjusted diluted EPS coming in at $1.45-to-$1.64, and adjusted EBITDA clocking in at $200 million-to-$218 million. Adjusted operating sales are anticipated to be between $897 million and $926 million. 22 funds tracked by Insider Monkey owned $335.3 million worth of Blackhawk Network Holdings Inc (NASDAQ:HAWK) shares on June 30, which accounted for 17.80% of the float.

Nano-cap VOXX International Corp (NASDAQ:VOXX) has surged by 28.4% today after the company reported fiscal 2017 second quarter earnings of $0.12 per share on revenue of $159.3 million. That compares to a loss of $0.18 per share on sales of $154.2 million for the comparable period of the company’s 2016 fiscal year. Adjusted EBITDA was $6.9 million, up from $4.8 million in the comparable period. CEO Pat Lavelle said:

“We reported year-over-year growth during the second quarter and remain on track to drive growth in our business this Fiscal year. While our Automotive segment is expected to be down slightly, most of it is timing related and we have new programs slated to begin towards the end of our Fiscal year. We were also awarded another $45 million in new contracts during the second quarter, bringing the total value of OEM awards received over the past three quarters to approximately $380 million.”

As with all nano-caps, due diligence should be done on both sides of the trade. Nine funds in our system owned shares of VOXX International Corp (NASDAQ:VOXX) at the end of the second quarter.

Sprint Corp (NYSE:S) is 1.2% in the green after the company announced a private placement offering of wireless spectrum-backed notes of up to $3.5 billion. The cash raised will help Sprint’s liquidity position. Shares of the telecom are up by 87% year-to-date. Mario Gabelli‘s GAMCO Investors reported holding a long stake of over 1.7 million shares in Sprint Corp (NYSE:S) as of the end of June.

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