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Campbell Soup, Nvidia, Joy Global: What You Need to Know About 5 Trending Stocks

Crude futures are more than 1% in the red today as sentiment around the commodity remains uncertain after yesterday’s greater-than-expected EIA inventory build.

Among the stocks in the spotlight this morning are Campbell Soup Company (NYSE:CPB), Joy Global Inc. (NYSE:JOY), NVIDIA Corporation (NASDAQ:NVDA), Baidu Inc (ADR) (NASDAQ:BIDU), and Vera Bradley, Inc. (NASDAQ:VRA). Let’s take a closer look at the five companies and find out why they’re trending and use the latest 13F data to determine how the smart money perceives each stock.

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Campbell Soup Misses the Mark

Campbell Soup Company (NYSE:CPB) shares are 4% in the red today after the food producer reported underwhelming results for its fiscal year 2016 fourth quarter. For the period, Campbell Soup Company (NYSE:CPB) earned $0.46 per share, missing estimates by $0.04, while revenue was $1.69 billion, flat year-over-year and in-line with analysts’ estimates. Comparable organic sales retreated by % while adjusted EBIT margin fell by 30 basis points to 15%. For its fiscal year 2017, Campbell Soup expects adjusted EPS of between $3.00 and $3.09 and net sales growth of flat-to-1%. Ken Griffin‘s Citadel Investment Group more than quadrupled its position in Campbell Soup during the second quarter, to almost 1.8 million shares at the end of June.

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Joy Global Reports Earnings

Although its earnings report doesn’t really matter due to Komatsu’s agreement to buy the company in July, Joy Global Inc. (NYSE:JOY) is nevertheless in the headlines today for reporting disappointing fiscal 2016 third quarter results. For the three months, Joy Global earned just $0.10 per share on revenue of $586.55 million, missing the consensus estimates by $0.02 and $18.77 million respectively. Revenue fell by 26% year-over-year due to weak commodity prices while consolidated bookings retreated by 9% year-over-year. In the short-term, it certainly looks as if Joy Global’s management was right to sell the company. The number of hedge funds in our database with holdings in Joy Global Inc. (NYSE:JOY) fell by five quarter-over-quarter to 22 at the end of June.

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We’ll find out why NVIDIA Corporation, Baidu Inc, and Vera Bradley are each making headlines this morning on the next page.

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