Infinera Corp. (NASDAQ:INFN), NeoPhotonics Corp (NYSE:NPTN) and Tractor Supply Company (NASDAQ:TSCO) are today’s top-performing billionaire stock picks midday. In the red this Thursday are Cabelas Inc (NYSE:CAB), Fate Therapeutics Inc (NASDAQ:FATE) and International Tower Hill Mines Ltd (NYSEMKT:THM).
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Infinera Impresses on Results
Infinera Corp. (NASDAQ:INFN) surged +26.86% today following yesterday’s announcement of its Q3 results at market close. It generated $173.6 million in revenue and $0.11 in earnings per share, and some believe it could climb even higher. A new Q2 buy for billionaire investor George Soros, INFN has gained +46.29% year-to-date.
[drizzle]The share price of NeoPhotonics Corp (NYSE:NPTN) got a +19.11% boost on the news of an acquisition agreement with EMCORE Corporation. Another new Q2 pick for Soros, NPTN is still down -58.64% YTD.
Tractor Supply Company (NASDAQ:TSCO) got a nice start to the day as well. Its price climbed +14.11% on the heels of its third-quarter results announcement, including $0.55 in EPS and $1.36 billion in revenue. The retail farm and ranch store operator is yet another new second quarter buy for Soros. Ray Dalio initiated a stake in the company during the same period as well. TSCO has climbed +20.06% over the past five days but is still in the red YTD.
Cabelas Tumbles on Outlook Cut
Cabelas Inc (NYSE:CAB) fell -13.01% after cutting its year outlook due to a slowdown in its gun and ammunition business. The company’s share price has declined -26.43% this year and -16.16% over the past five days alone.
Fate Therapeutics Inc (NASDAQ:FATE) tumbled -10.99% early in the day this Thursday. The biotechnology services company has been in the Farallon Capital portfolio since the fourth quarter of 2013.
International Tower Hill Mines Ltd (NYSEMKT:THM) dipped -10.41% today. The company is currently trading about six cents away from its 52-week low of $0.36. The long-time John Paulson holding is still posting a gain this year, with its price up +3.41% in 2014.
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