Why Amazon.com, Inc. (AMZN), Himax Technologies, Inc. (ADR) (HIMX), and Three Other Stocks Are Trending Today

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares are 3% in the red after Northland analyst Tom Sepenzis trimmed his forward estimates on the stock, mainly due to some delays that augmented reality makers are contending with. Due to his research, Sepenzis expects Himax’s augmented reality sales to decline in the fourth quarter and in the first half of 2017. Northland nevertheless maintains its ‘Outperform’ rating and $12 price target on the stock due to the expectation of robust demand in the second half of 2017. A total of 24 funds tracked by us were long Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) at the end of the second quarter, down by three funds from the previous quarter.

KBR, Inc. (NYSE:KBR) shares have retreated by 6% after Goldman Sachs downgraded the stock to ‘Sell’ from ‘Neutral’ and cut its target to $15 from $16 per share. Analyst Jerry Revich thinks KBR has limited growth prospects given the company’s considerable exposure to the greenfield ammonia and LNG capex cycles (The outlook for both sectors isn’t particularly bright at the moment). According to our data, 24 funds owned shares of KBR, Inc. (NYSE:KBR) at the end of June, down by four funds from the previous quarter.

American Airlines Group Inc (NASDAQ:AAL) is trending after the airline reported its September traffic results. American’s total revenue passenger miles fell by 1.7% year-over-year to 17.8 billion miles in September, while total capacity inched down by an annual 0.4% to 21.8 billion available seat miles. Meanwhile, in contrast to some other airlines, American’s total passenger load factor retreated 1.1 percentage points to 81.6%. Due to the results, American expects its third-quarter total revenue per available seat mile to decline by 2%-3% year-over-year. The company’s management also expects a third-quarter pre-tax margin, excluding special items, between 13% and 15%. The number of funds tracked by Insider Monkey with holdings in American Airlines Group Inc (NASDAQ:AAL) fell by five quarter-over-quarter to 56 at the end of June.

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