Today’s midday gainers are Restoration Hardware Holdings Inc (NYSE:RH), International Tower Hill Mines Ltd (NYSEMKT:THM) and Bitauto Hldg Ltd (ADR) (NYSE:BITA). The losers are Caesars Entertainment Corp (NASDAQ:CZR), Red Hat Inc (NYSE:RHT) and Caesars Entertainment Corp (NASDAQ:CACQ).
Restoration Hardware Up on Reported Profits
Today’s top gainer is Restoration Hardware Holdings Inc (NYSE:RH), up +12.25%. The home furnishings merchant and a holding of Tiger Global Management was up on its announcement of adjusted profits for the first quarter of 2014.
With the S&P 500 falling a double-digit percentage in the first half, most equity hedge fund managers struggled to keep their heads above water. The performance of the equity hedge fund sector stands in stark contrast to macro hedge funds, which are enjoying one of the best runs of good performance since the financial crisis. Read More
Second came in International Tower Hill Mines Ltd (NYSEMKT:THM), a John Paulson holding, up +9.91%. After a strong price correction, having lost -16.29% in the past five days, it is back up and 106.22% since the beginning of the year.
And last is Bitauto Hldg Ltd (ADR) (NYSE:BITA), a George Soros and Tiger Global pick. After being our top loser yesterday, it is now recovering from the fall.
Cooperman, Soros, Tiger Down on Caesars
First in the red this Friday is Caesars Entertainment Corp (NASDAQ:CZR), down -6.74%. One of its properties will now be ceasing operations, which the company announced two days ago, due to increased competition and declining revenue. CZR is part of Leon Cooperman’s, George Soros’ and Tiger Global’s portfolios.
Red Hat Inc (NYSE:RHT) is second, down -4.79%. The company released today its results, which topped Wall Street Estimates in both sales and revenue. The company is part of the fund of George Soros and Ray Dalio.
And in third comes a company closely related to Caesars Entertainment Corp (NASDAQ:CZR), Caesars Acquisition Company, down -4.71%. Also hurt by the decision to close Harrah’s Tunica. CACQ is part of the portfolios of Paulson, Soros and Cooperman.