Don’t Miss Out On These Five Surging Stocks Today

Manhattan Associates Hits Earnings Out of the Park

Manhattan Associates, Inc. (NASDAQ:MANH) reported excellent first quarter financial results, beating both profit and revenue expectations. For the January-to-March period, the supply chain solutions firm earned $0.42 per share on revenue of $149.86 million, exceeding estimates by $0.03 per share and $4.4 million respectively. Cash flow from operations ended the quarter at $40.4 million, up from the year-ago quarter’s $15.2 million. Revenue from the Americas jumped by 17.1% year-over-year to $128.8 million. Full year guidance was strong, with management predicting total sales of $615 million-to-$620 million and EPS of $1.73-to-$1.76, slightly topping estimates. Jim Simons‘ Renaissance Technologies owned more than 2.3 million shares of Manhattan Associates, Inc. (NASDAQ:MANH) at the end of the fourth quarter and should be pleased that shares of the company are 15% higher today.

Technical Buying Detected at Intrepid 

Intrepid Potash, Inc. (NYSE:IPI) is getting some love from technical buyers today after the company recently pierced through a key moving average. Given that the stock has fallen by 62% year-to-date, some traders are betting on a bounce. Shares are 9% higher because of the buying, although how long the good times will last is unknown. Given the nano-cap nature of the company, potential buyers are urged to exercise due-diligence before doing so. 11 elite funds in our database owned 9.7% of Intrepid Potash, Inc. (NYSE:IPI)’s shares at the end of the fourth quarter.

SolarCity Powers Up on Higher Crude Prices

Oil and gas companies aren’t the only beneficiaries of higher crude prices today. Given the correlation between solar and crude prices, some traders are piling into SolarCity Corp (NASDAQ:SCTY) as well, with their actions pushing shares of the company up by 10% in afternoon trading. Given that 38% of SolarCity Corp (NASDAQ:SCTY)’s float is short, a short squeeze might also have something to do with today’s rally. 29 elite funds in our database of savvy investors owned 15.8% of the float at the end of December.

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