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.

Poor First-Quarter Results Push These Five Stocks Lower Today

Page 1 of 2

US stocks are trending higher today, helped by a modest increase in oil prices and a stronger dollar against the Japanese yen. The Dow is up by triple digits, while the S&P500 was spurred by advances in the energy sector. In this article, however, we’ll take a look at five stocks that have released first quarter results and are, in fact, down this morning. Let’s take a look at the numbers reported by SolarCity Corp (NASDAQ:SCTY), Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), Gap Inc (NYSE:GPS), Lumber Liquidators Holdings Inc (NYSE:LL) and Stamps.com Inc. (NASDAQ:STMP).

At Insider Monkey, we track around 785 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 more details about our small-cap strategy).

It’s not a great start to the week for Elon Musk. His solar company, SolarCity Corp (NASDAQ:SCTY), has fallen off a cliff after the release of the latest earnings report. The company said it registered an adjusted loss of $2.56 per share, while analysts expected a loss of $2.32 per share. Revenues came in at $123 million, versus expectations of $110 million. SolarCity’s forward guidance was disappointing as well, with the second quarter’s expected loss widened to a range of $2.70 to $2.80 a share, compared to analyst projections of $2.13 a share. The stock opened 20% lower this morning and continued its slide during the first hours of trading. Notorious short-seller, Jim Chanos is still short on SolarCity, having first announced his bearish bet in August 2015. He said that despite being a leader in the solar business, the company is losing money on every solar panel it installs and is dependent on borrowed money to survive. Hedge fund sentiment towards SolarCity Corp (NASDAQ:SCTY) remained unchanged over the 2015 fourth quarter, as the number of long hedge fund positions was unchanged at 29.

Follow Solarcity Corp (NASDAQ:SCTY)
Trade (NASDAQ:SCTY) Now!

Shares of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) are slightly down today, after the company’s first quarter results met the earnings estimate but fell short of the revenue consensus. The cruise operator reported revenues of $1.08 billion and adjusted earnings of $0.38 per share, while market participants were looking for $0.38 per share on $1.09 billion in revenues. Norwegian Cruise Line said it registered a softness in the European market, but it was partly offset by increased demand in Caribbean cruises and higher prices. For the current quarter, the company is predicting earnings in the range of $0.80 to $0.85 per share, below analysts’ estimates of $0.97 per share. Will Snellings‘ Marianas Fund Management was betting heavily in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) at the end of the fourth quarter, having indicated ownership of 1.14 million shares, up by 79% for the quarter.

Follow Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)
Trade (NASDAQ:NCLH) Now!

Head over to the next page to find out more about the remaining three companies’ first quarter results.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!