Today’s top gainers midday are Sears Holdings Corp (NASDAQ:SHLD), The Coca-Cola Company (NYSE:KO) and Energy XXI (Bermuda) Limited (NASDAQ:EXXI). The losers are dELiA*s, Inc. (NASDAQ:DLIA), J.C. Penney Company, Inc. (NYSE:JCP) and International Tower Hill Mines Ltd (NYSEMKT:THM).
Sears Soars on Positive Sales Data
It’s been a solid Tuesday for Edward Lampert’s Sears Holdings Corp (NASDAQ:SHLD), up +5.11% today on the heels of better than expected retail sales data for March. Sears is also a part of Bruce Berkowitz’s portfolio.
Is It A Good Time to Be a Stock Picker? Interview With Worm Capital
ValueWalk's Raul Panganiban interviews Eric Markowitz, Director of Research, and Dan Crowley, Director of Portfolio Management, at Worm Capital. In today’s episode they discuss their approach at Worm Capital and where they find opportunities. Q4 2020 hedge fund letters, conferences and more Interview with Worm Capital's Eric Markowitz and Dan Crowley
Posting a +3.98% jump is iBillionaire Index constituent The Coca-Cola Company (NYSE:KO). KO reported a decline in volumes in Europe and Brazil that hurt its net earnings, but investors are still betting on the beverage giant. Warren Buffett, Richard Chilton and Ray Dalio have positions in KO.
Rounding out our list of midday gainers today is oil and gas explorer and distributor Energy XXI, increasing +3.07%. The company announced that it is in talks with EPL Oil & Gas, Inc. (NYSE:EPL) for a possible merger. Energy XXI is part of Leon Cooperman’s fund.
dELiA*s, JCP Take a Dive
Retail company dELiA*s, Inc. (NASDAQ:DLIA) is the biggest loser of the day midday, down -6.28%. Its Q4 2013 were not bright, with drops in revenue and margin. The loss sends the Tiger Global and Leon Cooperman pick down -15.30% YTD.
The J.C. Penney Company, Inc. (NYSE:JCP) falls -5.87% today as high debt continues to weigh on its finances even after posting positive sales numbers. JCP is in George Soros’ investment portfolio.
Last on today’s list of losers is International Tower Hill Mines Ltd (NYSEMKT:THM), the price of which fell -5.05%. The John Paulson is up +89.02% for 2014.