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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This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery

D1 CapitalThe first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More


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.

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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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