Today’s midday gainers are Axiall Corp (NYSE:AXLL), NovaGold Resources Inc. (NYSEMKT:NG) and PBF Energy Inc (NYSE:PBF). On the losing end are International Tower Hill Mines Ltd (NYSEMKT:THM), Kamada Ltd (NASDAQ:KMDA) and THL Credit, Inc. (NASDAQ:TCRD).
Price Upgrade Lifts Axiall
The top gainer midday this Thursday is Axiall Corp (NYSE:AXLL), which surged +9.61%. The company’s share price was recently upgraded by Goldman Sachs. The chemical products manufacturer is in the investment portfolios of David Tepper and Farallon Capital Management.
At this year's inaugural London Quality Growth Investor conference, Denis Callioni, analyst and portfolio manager at European investment group Comgest, highlighted one of the top ideas of the Comgest Europe Growth Fund. According to the speaker, the team managing this fund focus on finding companies that have stainable growth trajectories with a proven track record Read More
Following Axiall is Seth Klarman and John Paulson holding NovaGold Resources Inc. (NYSEMKT:NG). The explorer of mineral properties increased +8.40% on the heels of positive 2013 fourth quarter and full year results.
PBF Energy Inc (NYSE:PBF), up +7.13%, is another Klarman pick. The petroleum products supplier was given a boost with the purchase of shares by Chairman Malley Thomas.
John Paulson’s Bet International Tower Hill Mines Slips
International Tower Hill Mines Ltd (NYSEMKT:THM) dipped -7.22% midday today as short-term investors cashed in for profits. The gold mining company, a John Paulson bet, is up +116.78% YTD.
Down -6.95%, biopharmaceutical company Kamada Ltd (NASDAQ:KMDA) dipped midday as well. The company has been on the NASDAQ for just ten days and trades on the Tel-Aviv Stock Exchange as well. It is part of John Paulson’s holdings.
Last on today’s list of losers is THL Credit, Inc. (NASDAQ:TCRD), which fell -4.98%. The close-end management investment company missed estimates on its results today. Leon Cooperman has an allocation in TCRD.