Burlington Stores Get a Boost off of Earnings Report

Burlington Stores Get a Boost off of Earnings Report

Starting out this Thursday strong are midday gainers are Burlington Stores Inc (NYSE:BURL), BioFuel Energy Corp. (NASDAQ:BIOF) and Ciena Corporation (NYSE:CIEN). The losers are ExOne Co (NASDAQ:XONE), Criteo SA (ADR) (NASDAQ:CRTO) and Unwired Planet Inc (NASDAQ:UPIP).

Burlington Surges Despite Missing the Mark on Revenues

Today’s top gainer is Burlington Stores Inc (NYSE:BURL), up +14.4%. The off-price retailer of branded apparel has announced better-than-expected adjusted earnings, albeit revenue-damaging higher costs. Despite today’s jump, BURL is down -7.41% for 2014. It is in the portfolios of Richard Chilton and Tiger Global.

Fund Manager Profile: Kris Sidial Of Tail Risk Fund Ambrus Group

invest Southpoint CapitalA decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More

Following Burlington is BioFuel Energy Corp. (NASDAQ:BIOF), the price of which surged +6.29%. BIOF shares are up +105.26% YTD and have already gained +20.62% this month, with results set to be reported on the 31st.Both  David Einhorn and Daniel Loeb have minor stakes.

Third up today is Ciena Corporation (NYSE:CIEN). The price of the communications networking equipment provider increased +4.69%. George Soros has a position in Ciena.

Tiger Global Picks Dip

Today’s biggest loser midday is ExOne Co (NASDAQ:XONE), which dipped -8.77%. The 3D printer manufacturer posted a drop in revenues due to mixed results in sales and fell short of analysts’ expectations. Tiger Global is among ExOne’s investors.

Second is Criteo SA (ADR) (NASDAQ:CRTO), also a Tiger Global pick. The online display advertising company slipped -5.56%. It announced a public offering of shares on March 17th, its share price having fallen -11.37% since then.

Rounding out our ranking of midday losers is Unwired Planet Inc (NASDAQ:UPIP), down -5.07%. Soros is a shareholder here.

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