Why Merck, Whole Foods Market & Other Stocks Are in Spotlight Today?

AmerisourceBergen Corp. (NYSE:ABC) posted fiscal second-quarter EPS of $2.68 on revenue of $35.7 billion, beating the bottom line estimates of $1.59, but missing on the top line projections of $35.83 billion. However, the stock has lost nearly 8% today on the back of AmerisourceBergen Corp. (NYSE:ABC) lowering its full fiscal year EPS guidance to the range of $5.44 to $5.54, versus the previous forecasts of $5.73 to $5.83. The outlook was trimmed due to lower generic pricing trends. A total of 37 funds among those we track held in aggregate around 5.90% of AmerisourceBergen Corp. (NYSE:ABC)’s stock at the end of the last year. In the current round of 13F filings, billionaire Ken Fisher’s Fisher Asset Management reported ownership of 110,647 shares of AmerisourceBergen as of the end of March.

Kraft Heinz Co (NASDAQ:KHC)’s stock has gained 5% following a top-line beat. For the first quarter, Kraft Heinz posted adjusted EPS of $0.73, which were $0.10 higher than expected, while the revenue of $6.50 billion topped the estimates of $6.47 billion.  At the end of 2015, 60 funds tracked by Insider Monkey amassed nearly 30% of Kraft Heinz Co (NASDAQ:KHC)’s outstanding stock, including Warren Buffett‘s Berkshire Hathaway with the lion’s share of the aggregate position, holding a $24 billion stake in the company.

Finally, Tripadvisor Inc (NASDAQ:TRIP)’s stock has seen a roller-coaster ride today and is currently slightly in the red. The company missed both top- and bottom-line analysts’ forecasts by reporting $0.32 in EPS and revenue of $352 million, versus estimates of $0.43 and $370.59 million, respectively. The company posted a 33% annual drop in EBITDA to $85 million, significantly below the expectations of $110.40 million. Yesterday, Priceline Group Inc (NASDAQ:PCLN) lowered its full-year guidance (see article). On the other hand, Nick Danaher of Domando Capital Management pitched Tripadvisor Inc (NASDAQ:TRIP) as a buy, saying that the company’s instant booking service is a game-changer and that the stock could double. A total of 32 funds from the Insider Monkey database held shares of Tripadvisor Inc (NASDAQ:TRIP) at the end of 2015, down by 11 on the quarter, but the aggregate value of their holdings represented around 12% of the company.

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