Why These Three Stocks are Trading Higher on Thursday

XPO Logistics Inc (NYSE:XPO)‘s stock also jumped on positive financial figures for the third quarter, the company posting a boost in revenue to $2.36 billion, versus $662.5 million a year earlier and in line with expectations. However, its net loss went higher, to $0.94 per share, from $0.23 a year earlier and was below the consensus estimate of a loss of $0.11 per share. The provider of transportation logistics services has also appointed Tony Brooks to lead its new trucking fleet that was acquired through the purchase of Con-way in September. The appointment, as well as the acquisition of Con-way are considered signals for investors that XPO Logistics Inc (NYSE:XPO) is planning to go for bigger customers. The investors from our database are also bullish on XPO, with the number of funds holding long positions having increased to 43 from 34 during the second quarter, while collectively they held nearly 27% of the company’s stock at the end of June. William B. Gray’s Orbis Investment Management was among XPO Logistics Inc (NYSE:XPO)’s shareholders, owning 3.55 million shares at the end of June.

Finally, Solaredge Technologies Inc (NASDAQ:SEDG)‘s stock has surged after the company posted a 72% annual increase in revenue to $115.1 million for the first quarter of its fiscal year 2016. It also delivered non-GAAP EPS of $0.36, up from $0.09 a year earlier and above the estimates of $0.30. For the current quarter, Solaredge expects revenues in the range of $118 million-and-$121 million. However, most of the funds we track are cautious towards Solaredge Technologies Inc (NASDAQ:SEDG). At the end of June only 17 of them held shares of the company, down from 22 a quarter earlier, while the aggregate value of their holdings was equal to 5.10% of the company’s float. Richard Driehaus‘ Driehaus Capital held 232,627 shares of Solaredge Technologies Inc (NASDAQ:SEDG) at the end of the second quarter.

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