Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo Finance ticker searches:
Darden Restaurant (DRI) shares are sliding more than 3% after the owner of Red Lobster, Olive Garden and other places you used to go missed estimates almost any way you slice it. The numbers were muddled thanks to the company's plan to spin-off Red Lobster for $2.1 billion. Despite efforts to revamp operations at Olive Garden, comp sales still fell by more than 3%. The company complained about rising input costs but investors aren't inclined to give management the benefit of the doubt. Shares of Darden have been scuttling along the beach of no returns for the better part of four years.
Gunmaker Smith & Wesson (SWHC) is shooting blanks today after the company guided lower for the quarter and year, despite reporting fiscal fourth quarter results that were well ahead of expectations. Smith & Wesson said current quarter revenue would come in more than 20% lower than analyst forecasts. Don't cry for Smith & Wesson shareholders, the stock is up 135% for the last two years driven by the fact that Americans really, really like guns.
Finally our special ticker of the week award goes to the Market Vectors Gold Miner ETF (GDX). That's right, the GDX! It's trading with rather leaden price action today, but the GDX has still put in a better than 6% gain since last Friday. For the year the ETF is up a shiny 23%, trouncing the stock market and leading some pundits to ask if it's ok to start talking about the barbaric yellow metal 24/7/365 just like we did back in 2011. The answer is no, but that doesn't mean gold and the miners haven't earned their moment in the sun.
More from Breakout:
- Investment & Company Information
- Red Lobster
- Olive Garden
- Smith & Wesson