Why These 5 Stocks Are Winning Today

Endo International plc- Ordinary Shares (NASDAQ:ENDP) has soared by over 16% after the company announced the appointment of Paul V. Campanelli as its President and CEO, effective immediately. Campanelli was serving as the President of Endo’s Generic and OTC drugs unit, Par Pharmaceutical, which he was the CEO of until it was acquired by Endo last September. The unit accounted for around 60% of Endo’s total revenue in the first half of 2016 and Campanelli’s appointment could signal a shift away from acquisitions and towards generic drugs, which the market appears to think highly of. Endo International plc- Ordinary Shares (NASDAQ:ENDP) was held by 36 funds in our database at the end of June, down from 49 at the end of March.

Yelp Inc (NYSE:YELP) shares have risen by over 3% today, hitting a 52-week high after the company combined its class A and class B shares into a single class of stock. All shares will now have the same voting power, which Yelp does not anticipate having any material effect on its operations. Yelp is also currently embroiled in a lawsuit over a negative review posted on its site, which the law firm that was the target of the review has called defamatory. Yelp is taking the case to the California Supreme Court after an appeals court ordered it to remove the review. 45 funds that we track held $953.73 million worth of Yelp Inc (NYSE:YELP) shares at the end of the second quarter, compared to 33 funds holding $605.32 million worth of shares at the end of the first quarter.

United States Steel Corporation (NYSE:X) shares are headed for a sharply higher finish for the week, with the stock extending its gains in trading today by another 4.23%. Shares were further buoyed by Credit Suisse today, which called them “very undervalued” and saying that the market has become overly negative on the fundamentals of domestic flat rolled sector. United States Steel was also given a ratings upgrade from KeyBanc this week, which upgraded it to ‘Sector Weight’ from ‘Underweight’. The ratings upgrade reflects the firm’s expectations for more competitive market conditions over the next year. The number of funds in our database long United States Steel Corporation (NYSE:X) stood at 26 at the end of the second quarter, with their aggregate positions valued at $403.24 million, accounting for 16.30% of the company’s outstanding shares.

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