ABIOMED, Inc. (NASDAQ:ABMD), Calix Inc (NYSE:CALX) and Ocwen Financial Corp (NYSE:OCN) are today’s top-gaining billionaire stock picks. In the red this Thursday are Yamana Gold Inc. (NYSE:AUY), Westell Technologies Inc. (NASDAQ:WSTL) and Goldcorp Inc. (NYSE:GG).
Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More
ABIOMED, Inc. (NASDAQ:ABMD) surged +23.67% today after topping Wall Street forecasts for its fiscal second quarter results. A new second quarter acquisition for Tiger Global, ABMD has gained +15.93% over the past three months.
Calix Inc (NYSE:CALX) got a +21.72% boost this Thursday – the result of its Wednesday earnings report. A provider of broadband communications access systems in North America, CALX has been in Julian Robertson’s portfolios across three quarters. It’s up +11.62% year-to-date.
Finishing the day up +11.29%, Ocwen Financial Corp (NYSE:OCN) climbed despite missing analysts’ expectations with its results report. Billionaire Leon Cooperman picked up 3.58 million OCN shares in Q2 and has likely posted a loss on this one, as the stock’s price has declined -33.18% in the last three months.
Yamana Gold, Goldcorp Tumble
Yamana Gold Inc. (NYSE:AUY) tumbled -17.1% today, putting its YTD loss at -48.26%. Ray Dalio has had a position in the intermediate gold producer since the fourth quarter of 2012, and George Soros initiated a stake in the first quarter of this year. The stock is trading well below the average price paid by both.
The share price of Westell Technologies Inc. (NASDAQ:WSTL) fell -14.37% today even though the company beat EPS expectations with its results report on Wednesday. A new Q2 buy for George Soros, WSTL has declined -64.69% this year.
Goldcorp Inc. (NYSE:GG) declined -13.52% after releasing weaker-than-expected Q3 results – the result of increased costs. Like Yamana, Goldcorp is in the investment portfolios of both Ray Dalio and George Soros. It has declined -19.19% over the past month.