These 5 Stocks Are Surging on Friday: Here’s Why

Duluth Holdings Inc (NASDAQ:DLTH) shares are over 21% higher today on the back of a solid earnings report. For the fourth quarter of fiscal year 2015, Duluth Holdings reported EPS of $0.37 on revenue of $140.4 million, exceeding estimates by $0.09 per share and $7.19 million, respectively. Fiscal fourth quarter margins inched up 40 basis points to 56.1% while adjusted EBITDA rose by 35.3% year-over-year to $20.1 million. For the full 2015 fiscal year ended January 31, 2016, Duluth earned $0.66 per share on revenue of $304.2 million. Management expects the strong demand for the company’s products to continue through fiscal year 2016, with the company guiding for revenue of $370 million-to-$380 million versus analysts’ estimates of $356 million. 10 elite funds that we track held roughly 3.9% of Duluth Holdings Inc (NASDAQ:DLTH)’s float on December 31.

Cloud software maker Marketo Inc (NASDAQ:MKTO) is almost 10% in the green after JMP Securities quoted unnamed sources as saying that Marketo gave presentations to both SAP SE (ADR) (NYSE:SAP) and Microsoft Corporation (NASDAQ:MSFT). JMP says that ‘strategic interest’ could be the reason for the presentations. Both Microsoft and SAP are trying to grow their businesses in the fast growing cloud market. JMP has a $30 price target and an ‘Outperform’ rating on Marketo Inc (NASDAQ:MKTO). Hedge fund sentiment in the stock remained relatively stable during the fourth quarter, with the number of top funds owning shares of the company falling by just one to 14.

Wrapping up our list of gainers today is Whiting Petroleum Corp (NYSE:WLL), whose stock is 4.5% higher on the back of stronger WTI prices. According to current data, WTI crude oil futures for May delivery trade for around $39.36 per barrel, or 5.64% higher than yesterday’s close. Hedge fund sentiment in Whiting Petroleum Corp (NYSE:WLL) also remained relatively stable in the December quarter, with 40 hedge funds holding shares of the company at the end of December, versus 42 funds at the end of September. Israel Englander‘s Millennium Management had the largest of those 40 holdings, amounting to 8.86 million shares.

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