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Why Dow Chemical, LendingClub, CBRE Group and Two Other Stocks Are on the Move Today

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Markets signaled a bounce back before the bell on Tuesday as investors become hopeful that policy makers will move to support financial markets. Analysts are also keeping an eye on GDP growth data, slated to be announced later today.

Meanwhile, some stocks are in the spotlight today, including CBRE Group Inc (NYSE:CBG), Whirlpool Corporation (NYSE:WHR), Dow Chemical Co (NYSE:DOW), LendingClub Corp (NYSE:LC), and FactSet Research Systems Inc. (NYSE:FDS). Let’s unravel the reasons behind the movement in these stocks today and also take a look at what elite funds think about these companies.

Xiniya Earnings Call Transcript XNY 2014 Q3

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CBRE Group Highlights Role of the UK in its Business

CBRE Group Inc (NYSE:CBG) is in the news on Tuesday after the company released a statement, highlighting the United Kingdom’s contributions to its global normalized EBITDA. The Los Angeles-based real estate company said that in 2015, the UK accounted for approximately 10% of its global normalized EBITDA. Jeffrey Ubben’s ValueAct Capital is a notable hedge fund from our system having stakes in CBRE Group Inc (NYSE:CBG), as of the end of the first quarter. Overall, 30 hedge funds tracked by us held shares of CBRE Group at the end of March.

Follow Cbre Group Inc. (NYSE:CBG)
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Whirlpool Corporation Comments on Post-Brexit Situation

Shares of Whirlpool Corporation (NYSE:WHR)’s stock has gained over 3% after the company released a statement regarding post-Brexit business prospects and uncertainties. The Michigan based home appliance company said that the UK accounted for about 5% of its global revenues in fiscal 2015, and most of the products sold in the country were produced in other countries of the European Union. Whirlpool Corporation’s CEO Jeff M. Fettig thinks that Brexit has created a number of uncertainties, which will “take some time” to abate. Mr. Fettig added that the UK is an important country and Whirlpool will continue producing innovative products for the UK and countries of the EU. At the end of the first quarter, 38 funds from our database amassed approximately $2 billion worth Whirlpool Corporation (NYSE:WHR)’s stock. Edgar Wachenheim’s Greenhaven Associates owns about 2.6 million shares of the company.

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Move to the next page where we discuss Dow Chemical, LendingClub and FactSet.

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