It’s been an extremely interesting day so far on Wall Street. Two of the biggest gainers in today’s market are up by more than 15%. While another of our hot picks is trading rapidly in the wake of a foul mouthed cable debate between two hedge fund managers. Today’s most interesting performers are Netflix, Inc. (NASDAQ:NFLX), Herbalife Ltd. (NYSE:HLF) (FRA:HOO), Facebook Inc (NASDAQ:FB), Dell Inc. (NASDAQ:DELL), and Oshkosh Corporation (NYSE:OSK).
Netflix, Inc. (NASDAQ:NFLX): At the time of writing, Netflix stock has increased by more than 15%, despite going higher earlier on. The market still seems enthralled by the company after the release of a really positive earnings report earlier in the week.
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Qualivian Investment Partners commentary for the second quarter ended July 30, 2020. Q2 2020 hedge fund letters, conferences and more “Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell Executive Summary Readers of investment letters fall into Read More
The company’s stock has risen in value by around 70% in the last five trading days, and its P/E ratio is hitting somewhere close to 600, making it around 60 times more valuable than Apple Inc. The company’s prestigious, and lightning fast rise, appeared to be the cause for some pull back later on in the day.
Investors might be wondering just how Netflix, Inc. (NASDAQ:NFLX) can justify a 70% increase in value in under a week. This stock will certainly be one to follow next week as well.
Herbalife Ltd. (NYSE:HLF) (FRA:HOO): With the Mother of all shorts currently taking place on Herbalife stock, Carl Icahn and Bill Ackman have resorted to juvenile attacks in order to push movement in the stock. The two engaged in a ridiculous verbal argument on CNBC this afternoon, sparking a jump in the stock’s price.
Before the two appeared on CNBC, Herbalife Ltd. (NYSE:HLF) (FRA:HOO) stock was up 0.4% for the day, having barely moved. After the fight was over, despite the general conclusion that Ackman had come off better, the stock jumped briefly by 3.5%. It has since slid backward, but is currently up by a fraction over 1% for the day.
Facebook Inc (NASDAQ:FB): Investors took the opportunity today to get in on Facebook Inc (NASDAQ:FB) in anticipation of an earnings report due next week. After positive reports from eBay Inc (NASDAQ:EBAY), and Netflix, the tech industry appears to performing decently this earnings season, though conflicting accounts have come from Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG).
Facebook shares had risen by just over 1.5% in today’s trading. Investors are, it seems, a little bullish heading into the earnings report. The company’s stock has increased by more than 17% in the past month, it has hit levels not seen since last July.
This is another stock to watch next week, Facebook Inc (NASDAQ:FB)’s earnings report is expected next Wednesday, January 30.
Select Comfort Corp. (NASDAQ:SCSS): A more than 17% loss in a single day of trading is certainly cause for worry. Select Comfort Corp stock fell by almost $5 today to $23.20.
The fall in the firm’s stock price is due to a really disappointing earnings report, that the Street really took badly. The firm had been expected to earn 27 cents per share for the last three months of 2012, but instead its earnings came in at 22 cents per share. The firm manufactures and sells beds.
Oshkosh Corporation (NYSE:OSK): Balancing the Select Comfort Corp. (NASDAQ:SCSS) slump, was a more than 18% rise in Oshkosh Corporation (NYSE:OSK) on a great earnings report it unveiled this morning.
For the last three months of 2012 the firm earned 51 cents per share, compared to 43 cents per share in the same period last year. The firm also raised its guidance for 2013, the firm’s upgrade provided the real impetus for the firm’s movement. Oshkosh Corporation is a manufacturer of specialty vehicles.