Why Kite Pharma, Rice Energy, BlackBerry, and More Are Trending

Thor Industries, Inc. (NYSE:THO) earned $1.57 per share on revenue of $1.29 billion for the fourth quarter of its fiscal year 2016, beating the consensus estimates by $0.24 per share and $20 million, respectively. Revenue rose by 21.7% year-over-year and its consolidated recreational vehicle backlog more than doubled to $1.2 billion from the year-ago period. For the full fiscal year, diluted EPS from continuing operations was $4.91, up by 29.6% year-over-year, while revenue surged by 14.4% to a record $4.58 billion. As for outlook, Thor expects double-digit revenue growth during its fiscal 2017. 23 funds in our system owned $213.72 million worth of Thor Industries, Inc. (NYSE:THO) shares at the end of June, which accounted for 6.30% of the float.

BlackBerry Ltd (NASDAQ:BBRY) is in the spotlight after its CEO, John Chen, said that the company is two-thirds of the way to successfully completing its turnaround. Chen stepped in as CEO in 2013 to try and make BlackBerry profitable again after a long stretch of losses. Chen said, “We have made investment over a billion-plus, all in software, all in security, and now we need to execute it.” BlackBerry shareholders certainly hope Chen is right. Shares of the company are down by 15% year-to-date. In terms of hedge fund sentiment, not as many funds held shares of the tech company by the end of the second quarter. According to our data, the number of funds that we track with holdings in BlackBerry Ltd (NASDAQ:BBRY) fell by four during the quarter to 20 at the end of June.

SYNNEX Corporation (NYSE:SNX) shares are in the green after the company reported better-than-expected results for its third quarter of fiscal 2016. For the period, SYNNEX earned $1.73 per share, beating estimates by $0.17. Revenue was $3.67 billion, up by 10.2% year-over-year, and $180 million ahead of the consensus estimate. In terms of fiscal fourth quarter projects, SYNNEX expects adjusted EPS to be in the range of $2.06-to-$2.11 and revenue to be in the range of $3.83 billion-to-$3.93 billion. 13 funds in our database owned shares of SYNNEX Corporation (NYSE:SNX) at the end of the second quarter.

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