Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
Under Armour (UA): The Maryland based sports apparel maker flexing and crushing it after a solid earnings report. Strong footwear and apparel sales lifted Under Armour's top and bottom lines, and it raised its outlook for full-year sales to boot. UA cited increased visibility and growth in footwear and international sales during the first half of the year for the bump up in outlook. You know what Under Armour didn't mention? The weather. Don't worry, we'll get back to that in a minute. But first...
General Motors (GM): The maker of Corvettes and Buick Lacrosse SUVs sliding today after reporting second quarter profit of 58 cents per share, missing estimates by a penny, with revenue disappointing the street as well. The big thing weighing on earnings? GM took special charges totaling a massive $1.275 billion for its ignition switch compensation fund and made a change in its recall accounting. If not for the massive demand boom for autos in North America, GM would probably already be shopping for bailouts. As it is the company is actually doing quite well, considering.
Dunkin' Brands (DNKN): The doughnut and coffee chain is getting dunked by investors after its earnings report. The company matched Wall Street EPS estimates at 47 cents a share, but revenue missed. As you probably already guessed this is where we return to weather. Here are some problems with that excuse: 1) It's Bull. Dunkin sells coffee and doughnuts, not bathing suits and sunscreen 2) Weather isn't in Dunkin's control. I'm not that fired up to own a doughnut company that effectively goes out of business when it rains and I don't have an investing edge on weather 3) It's lazy. Whatever is wrong with Dunkin I know for sure it won't get fixed because management is apparently all standing in the parking lot shaking their fists at clouds.
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- Consumer Discretionary