Here’s Why These Five Stocks Are Trending Today

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L Brands Inc (NYSE:LB) shares are in the green after the retailer reported solid September 2016 sales. For the five weeks ended October 1, the company posted net sales of $971.4 million, up by 6% year-over-year. Comparable sales for the corresponding time period inched up by 3%. Shares of L Brands are down by around 22% year-to-date. A total of 29 funds from our database owned shares of L Brands Inc (NYSE:LB) at the end of the second quarter, down by nine funds from the previous quarter.

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Although it may be outsourcing the development of its smartphones, BlackBerry Ltd (NASDAQ:BBRY) will nevertheless try to compete in the industry. Alex Thurber, senior VP for Global Device Sales, told BBC that the company will launch a new smartphone with a physical keyboard within six months. Due to the intense competition in the category, BlackBerry has struggled to turn a profit making smartphone in recent years. Despite the sea of red, management thinks there is still demand for BlackBerry phones and that the company could eventually succeed if it made the right product. The number of funds tracked by us with holdings in BlackBerry Ltd (NASDAQ:BBRY) fell by four quarter-over-quarter to 20 at the end of June.

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Last but not least, traders are watching Fred’s, Inc. (NASDAQ:FRED) after the company reported its sales results for September. Fred’s total sales decreased by 5.5% to $199.9 million while its comparable store sales inched lower by 4.9% year-over-year. CEO Michael Bloom said:

“September sales faced a tough year-over-year comparison. The front store also experienced calendar shifts for federal assistance payments, continued substantial reductions in SNAP payments, and an increased impact related to competitive pricing strategies, particularly in consumables categories.”

Just five funds tracked by Insider Monkey were long Fred’s, Inc. (NASDAQ:FRED) at the end of the second quarter, down by one from the previous quarter.

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Disclosure: None

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