A Look at Five Trending Stocks and the Developments Behind their Moves

Estee Lauder Companies Inc (NYSE:EL)‘s stock jumped by over 8% after the bell, as the company reported EPS of $0.82 on revenue of $2.83 billion this morning. Both revenue and earnings were higher in year-over-year terms and both were above the estimates projected by the Street, which were for EPS of $0.70 on revenue of $2.80 billion. Estee Lauder Companies Inc (NYSE:EL) managed to post an 8% annual growth in sales despite facing strong currency headwinds across almost all international markets and expects further growth in the next quarters. The funds from our database are somewhat cautious towards Estee Lauder Companies Inc (NYSE:EL) as only 31 of them reported aggregate stakes that were equal to just 1.30% of the company’s shares at the end of June.

HSBC Holdings plc (ADR) (NYSE:HSBC)‘s stock inched down even though the company’s bottom line for the third quarter was better-than-expected. The company delivered a 32% growth in pre-tax profit to $6.1 billion, compared to estimates of $5.2 billion. The results show the effect of lower payments for regulatory settlements and fines, as well as the impact of the strategic review that the company launched back in June. HSBC Holdings plc (ADR) (NYSE:HSBC) is not very popular among the funds from our database, as only 15 reported stakes in it during the previous round of 13F filings, although this number was up by five in the second quarter. The value of these funds’ positions was equal to just 0.40% of HSBC Holdings plc (ADR) (NYSE:HSBC)’s market cap at the end of June.

Towers Watson & Co (NASDAQ:TW) posted revenue of $896 million for the first quarter of its fiscal year 2016, up by 2% on the year and delivered adjusted net income of $1.49 per share, versus $1.32 per share a year earlier. Both top and bottom lines were higher than the $881.5 million in revenue and EPS of $1.34 expected by analysts. The stock jumped after the bell, but has since retracted and currently is trading at around 1% in the green. Between April and June, the number of investors bullish on Towers Watson & Co (NASDAQ:TW) went up by three to 24, although the aggregate value of their stakes amounted to only 4.40% of the company’s market cap at the end of the second quarter.

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