Why Are Traders Buzzing About These Five Stocks on Wednesday?

KB Home Reports Earnings

KB Home (NYSE:KBH) shares are over 3% higher after the home builder reported fiscal second quarter earnings of $0.17 per share on revenue of $811 million, beating the consensus estimates by $0.03 per share and $63.94 million, respectively. Total revenue and deliveries both jumped by around 30% year-over-year, while adjusted housing gross profit margin rose 40 basis points to 20.7%. The average selling price of a home inched up by 2% year-over-year to $346,700 per unit. The number of funds tracked by us with holdings in KB Home (NYSE:KBH) fell by two quarter-over-quarter to 18 at the end of March.

HP Issues Bullish Guidance

HP Inc (NYSE:HPQ) recently has provided its fiscal 2016 third quarter outlook, with adjusted EPS guidance of $0.43 to $0.46 versus the consensus estimate of $0.39. The company also reaffirmed full-year adjusted EPS guidance of $1.59 to $1.65 and the company anticipates full year free cash flow between $2 and $2.3 billion. Shares of HP Inc are up 15% year-to-date and trade at a 8.11 forward P/E. At the end of March, 40  funds from our database owned shares of HP Inc (NYSE:HPQ).

Goldman Sachs Lowers PT on LendingClub 

The stock of peer-to-peer lender LendingClub Corp (NYSE:LC) is trending today after analysts at Goldman Sachs reiterated their ‘Neutral’ rating, but lowered their price target on the stock to $4.30 from $4.40 per share. The analysts lowered their price target because LendingClub’s loan prospectuses show that the company’s originations might have dropped in the second quarter. According to a third party aggregation of loan offerings garnered from SEC filings, Lending Club may have done $1.5 billion of standard loan offerings in the second quarter to date. That’s off by 17% year-over-year if true. Among the funds we track, 23 funds had a position in LendingClub Corp (NYSE:LC) at the end of the first quarter.

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