Tepper Gets A Friday Boost from Boyd

Tepper Gets A Friday Boost from Boyd

Today’s midday gainers are Boyd Gaming Group (NYSE:BYD), Computer Sciences Corporation (NASDAQ:CSC) and JDS Uniphase Corp (NASDAQ:JDS). On the negative side, Amazon.com, Inc. (NASDAQ:AMZN), U.S. Silica Holdings Inc (NYSE:SLCA), and Textura Corp (NYSE:TXTR) experienced steep losses.

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Tepper wins with Boyd Gaming

Up +10.88%, gaming company Boyd Gaming Group is our top midday gainer. Of the billionaires tracked by iBillionaire, only David Tepper has a stake in the US entertainment properties operator, although it has just a 0.18% allocation in his fund.

Connor Leonard Of IMC Explains: Here’s What Value Investors Should Know About Moats

moat 1557171753When it comes to value investing, one strategy that's often used is seeking out companies which have sizeable moats against competition. In a presentation for the Value Investing Club at Google earlier this year, Connor Leonard of the Investors Management Corporation explained two ways of looking at moats and how value investors can benefit from Read More

Following Boyd is computer giant CSC, up +10.32% as news broke of higher-than-expected Q3 and full-year earnings. With $3.23 billion in revenue last quarter and per-share earnings of $0.98, it beat out Wall Street numbers by 16.5%. David Einhorn and Ray Dalio hold stakes in the company, which comprises 3.20% and 0.01% of their portfolios, respectively.

Last up is JDS Uniphase, which increased +6.68%. The manufacturer of communications and optical products exceeded its very own guidance, with income of $8.8 million versus $4.1 million for the same quarter of the previous year. George Soros holds an allocation of 0.20% in the Californian technology provider.

Midday Losers

Soros finds himself on the losing end today as well. Textura dipped -10.61%, and US Silica Holdings fell -8.80%. Although they represent a very small portion of his holdings (0.01% and 0.10%), Soros is down -0.26% today overall. The picture isn’t clear as to why Textura declined, given that it reported better-than-expected revenue but with quarter losses of over $4 million.

Also closing out the week on the rocks is Amazon, the share price of which had declined -9.50% at midday today – the result of some discouraging numbers. The retail behemoth posted that its operating results will be in the range of $200 million losses to $200 million profit for the current quarter, with net sales likely up 13% to $19.9 billion. It is still adjusting operating costs, which will result in an increase in its Amazon Prime fees to what could be as much as $40. It is Chase Coleman and Steve Mandel who are losing here, as they hold 3.98% and 1.08% allocations, respectively.

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