Here’s Why Apple, Home Depot and Three Other Stocks Are Trending Today

Momo Earnings Ahead of Estimates

Momo Inc (ADR) (NASDAQ:MOMO) shares have spiked higher today after the operator of the Chinese mobile app reported second-quarter earnings of $0.12 per share versus estimates of $0.08 per share. Revenue for the time period was $99.01 million, up by an astounding 222.2% year-over-year, as the mobile app begins monetizing its audience. However, growth might be slower in the future as Momo’s user-base growth has largely leveled off. The number of monthly active users at the end of June 2016 was 74.8 million, slightly lower than the 78.4 million MAU’s at the end of June 2015. Among the investors in our database, GLG Partners initiated a stake containing 216,392 shares of Momo during the second quarter.

Autohome in the Green Due to Earnings Report

Autohome Inc (ADR) (NYSE:ATHM) soundly beat estimates for its second quarter, with EPS of $0.51 on revenue of $207.4 million. Analysts were expecting $0.11 per share and $0.85 million less in revenue. For the time period, the company continued to focus on mobile traffic, with the number of average daily unique visitors in June who accessed the company’s mobile website or mobile applications reaching 8.2 million and 7.1 million, respectively. When combined, that number represents a 55.8% year-over-year jump. For the third quarter, Autohome expects net revenue to rise by 50.2% to 55.1% year-over-year. Billionaire David E. Shaw’s D. E. Shaw & Co. held 347,252 shares of Autohome at the end of June.

Home Depot Earnings In-Line

Given the strength of the housing market, it’s not surprising that Home Depot Inc (NYSE:HD) met both top and bottom line estimates for the second quarter. During the period, Home Depot earned $1.97 per share on revenue of $26.47 billion, as revenue increased by 6.6% year-over-year due to a 4.7% increase in comparable store sales. The outlook is solid, with management expecting full-year sales growth of around 6.3% and diluted EPS of $6.31 at mid-point. Billionaire Ken Fisher’s Fisher Asset Management reported ownership of 8.44 million shares of Home Depot in its latest 13F filing.

Disclosure: none