Why Traders Are Talking About Allergan, Teva, and 3 Other Stocks Today

Commerce Reports Mixed Results

Commerce Bancshares, Inc. (NASDAQ:CBSH) reported earnings of $0.70 per share on revenue of $288.4 million for the second quarter, beating the bottom-line estimate by $0.02 per share but missing the top-line estimate by $4.58 million. Book value per share was $24.67 at the end of June, up from $22.15 a year earlier. The efficiency ratio was 61.3% while return on average common equity was a solid 11.7%. Look for the stock to do well if interest rates normalize. Shares are flat in morning trading as investors continue to digest the results. Eight funds that we follow had a bullish position in Commerce Bancshares, Inc. (NASDAQ:CBSH) at the end of March, down by two from the end of December.

China Lodging Provides Update

China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) provided some preliminary second quarter hotel results on Wednesday, disclosing that it has added 125 hotel properties year-over-year and that it has 23 leased hotels and 563 manachised (franchised-and-managed) and franchised hotels in its pipeline as of June 30, 2016. The blended occupancy rate for the quarter was 86%, up by one percentage point from the same period last year, while the blended RevPAR in RMB was 156 ($23.32) for the second quarter, compared to 157 ($23.47) for the same period of 2015, a 1.2% year-over-year decline. China Lodging Group Shares are down by 2% in morning trading. 14 funds in our database were long China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) at the end of March.

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