Here’s Why Traders Are Watching Tesla, Kinder Morgan, DragonWave, Select Comfort, and More Today

Nano-cap DragonWave, Inc.(USA) (NASDAQ:DRWI)‘s shares have surged sharply after the company announced that it has been selected to provide microwave backhaul equipment to Sprint Corp (NYSE:S) for the telecom’s network densification and optimization strategy. Exact financial details of the deal were not provided in the initial press release. None of the funds that we track owned shares of DragonWave, Inc.(USA) (NASDAQ:DRWI) at the end of the second quarter.

DXP Enterprises Inc (NASDAQ:DXPE) shares have fallen by almost 16% this morning after the company released soft preliminary third quarter results. For the period, DXP anticipates sales to come in between $228 million and $231 million, or a decrease of 23.8%-to-24.8% year-over-year. Net income is anticipated to be between a loss of $500,000 and a gain of $500,000. DXP’s sales were soft due to disappointing July sales, which were due to slow bookings and shipments around the fourth of July holiday. Six funds in our system were long DXP Enterprises Inc (NASDAQ:DXPE) at the end of June.

Select Comfort Corp. (NASDAQ:SCSS) is off by 12% today after it reported third quarter earnings of $0.56 per share on sales of $368 million, missing the consensus estimates by $0.01 per share and $23.02 million respectively. Sales fell by 1.6% year-over-year, as the 7 percentage points of growth from stores opened in the last 12 months failed to offset the 8% comparable-store sales decline. Guidance was also disappointing, Select Comfort’s management lowered its EPS outlook for the full year to $1.15-to-$1.25 from the previous range of $1.25-to-$1.45. The number of funds that we track with holdings in Select Comfort Corp. (NASDAQ:SCSS) fell by one during the second quarter to 12 at the end of June.

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