Why Are Investors Piling Into These 5 Surging Stocks?

Tile Shop Higher On Earnings

Tile Shop Hldgs, Inc. (NASDAQ:TTS) shares are 10.9% in the green due to a better-than-expected earnings report. For the first quarter, Tile Shop Hldgs, Inc. (NASDAQ:TTS) earned $0.14 per share on revenue of $84.72 million, beating estimates by $0.03 per share and $4.71 million respectively. Sales jumped by 16.1% year-over-year due to a 13.2% increase in comparable store sales (or vice-versa). As of April 19, Tile Shop has 116 stores in 31 states. For the full 2016 year, the company expects revenue of $320-to-$329 million, comparable store sales to rise by mid-to-high single-digits, adjusted EBITDA of $65-to-$69 million, 9-to-12 new store openings, and non-GAAP earnings per share of $0.40-to-$0.45. 18 elite funds owned roughly 14.8% of the company’s float at the end of December, out of 786 funds in our database.

FDA Sees No Substantive Deficiencies in Heron’s SUSTOL

Heron Therapeutics Inc (NASDAQ:HRTX) is 6.5% higher today after the company provided an update on the New Drug Application (NDA) for its SUSTOL Injection, extended release. The FDA indicated that there are no substantive deficiencies in the NDA and the agency has begun labeling discussions with Heron. SUSTOL is a long-acting formulation of the FDA-approved 5-hydroxytryptamine type 3 (5-HT3) receptor antagonist granisetron currently being developed for the prevention of both delayed and acute chemotherapy-induced nausea and vomiting associated with moderately emetogenic chemotherapy or highly emetogenic chemotherapy. As of December 31, 14 smart money funds owned over half of Heron Therapeutics Inc (NASDAQ:HRTX)’s float.

Superior Shares Higher on Better-Than-Expected Preliminary Earnings

Superior Industries International Inc. (NYSE:SUP) upped its first quarter guidance today and investors have sent the company’s stock up by almost 10% because of it. Superior now expects first quarter EPS of $0.54, which would be up by 238% year-over-year, and first quarter adjusted EBITDA of $27 million, which would represent an increase of 102% year-over-year. First quarter value-added sales are expected to be $102 million, an expected increase of 24% from the amount pulled in during the first quarter of 2015. The company also raised its 2016 outlook for adjusted EBITDA margin to 24.1%-to-24.8%. Jim Simons‘ Renaissance Technologies owned 220,500 shares of Superior Industries International Inc. (NYSE:SUP) at the end of December.

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