Earnings Results Send Bridgewater Associates Picks FSL, EA Soaring

ABIOMED Inc. (NASDAQ:ABMD), Freescale Semiconductor Ltd. (NYSE:FSL) and Electronic Arts Inc. (NASDAQ:EA) reached market close with major gains this Wednesday. Scorpio Bulkers Inc. (NYSE:SALT), Bill Barrett Corporation (NYSE:BBG) and Meritor Inc. (NYSE:MTOR).

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FSL Bridgewater Associates

ABIOMED Hits New High

ABIOMED Inc. rallied +29.23% today, hitting an all-time high after announcing yesterday that it expects revenue to grow 44% over the next two years. Tiger Global initiated a stake in the medical devices company during the second quarter of 2014. Given the company’s nearly +90% six-month climb, the fund has made a significant gain on the investment.


Freescale Semiconductor surged +18.25% after beating Q4 earnings expectations by a wide margin. The company reported $0.42 non-GAAP adjusted EPS, well above the expected $0.33. Ray Dalio’s Bridgewater Associates picked up a small stake in the firm in Q3 2014.

Electronics Arts ended the day with a +12.85% gain, again the result of its earnings report. The game software content and services provider saw its digital revenues soar 34% last quarter to $693 million. EA is also a Bridgewater holding.

Scorpio Bulkers Approaches Low

Scorpio Bulkers Inc. plunged -20.48% this Wednesday, putting its YTD loss at -32.99%. It ended the day at $1.31, extremely close to its 52-week low of $1.30. As of his most recent 13F filing, Marc Lasry of Avenue Capital holds 8.87 million SALT shares. The stock has declined -86.42% over the past year.

Bill Barrett Corporation tumbled -17.1% today – the result of falling oil prices. Billionaire George Soros picked up 53,000 BBG shares during the third quarter of 2014.

Meritor Inc. ended the day priced at $13.20, having posted a -12.34% loss for the day. In the investment portfolios of both Marc Lasry and Larry Robbins, Meritor has climbed +40.38% over the past year.


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