Ending the week on a high note are Tile Shop Hldgs, Inc. (NASDAQ:TTS), American Railcar Industries, Inc. (NASDAQ:ARII) and Kindred Biosciences Inc (NASDAQ:KIN), today’s midday gainers. As for the losers, we’ve got Groupon Inc (NASDAQ:GRPN), Cabot Oil & Gas Corporation (NYSE:COG) and Valmont Industries, Inc. (NYSE:VMI).
Solid Results Give Tile Shop a Boost
First in line is Tile Shop Hldgs, Inc. (NASDAQ:, up +14.03%. The company reported fourth quarter and full year results, with comparable store sales up +10.1% and +12.4% in the respective periods. The firm plans to open eight more stores and reaffirmed its 2014 revenue and EPS guidance. Tiger Global has a small stake in the company.
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More
Following TTS is yesterday’s midday gainer, American Railcar Industries, Inc. (NASDAQ:ARII), which today racked up a jump of +8.33%. The Carl Icahn favorite is up +22.22% since Monday and +33.55% YTD.
Third on today’s list is Kindred Biosciences Inc (NASDAQ:KIN), a company focused on developing pharmaceuticals for pets. Its shares increased +7.98% of its first day of trading following its IPO. Billionaires Seth Klarman and Thomas Steyer have bet on this one.
Groupon Takes a Major Dive
Taking the steepest fall of the day is online discount platform Groupon Inc (NASDAQ:GRPN), down -18.01%. The company said it expects a loss this quarter and provided a weak outlook for 2014, even though its Q4 2013 revenues were up. The stock is down -29.48% YTD.
Independent oil and gas company Cabot Oil & Gas Corporation (NYSE:COG) slipped today as well, its stock price falling -6.72%. The company released earnings and new long-term sales agreements yesterday. Highlights include record production and cash flow from operations and a +112% increase in net income over 2012. Unfortunately, investors took this as a cue to sell and make a profit – not an opportunity to buy. Daniel Loeb, Richard Chilton, Jorge Lemann and Ray Dalio have positions in the firm.
Down -5.92%, Valmont Industries, Inc. (NYSE:VMI) is the third and final company on today’s list of losers. This David Tepper pick, a producer of fabricated metal products, announced results that were in line with analysts’ consensus, including per-share earnings of $2.66 in the quarter. However, it missed the mark on revenues.