US Stocks Higher Monday
- By Omar Venerio
U.S. stock markets were trading in positive territory on Monday, after President Trump tweeted, "A big deal looking good with Mexico," indicating that trade talks between the U.S. and Mexico were on a good path.
Shares of American Woodmark Corp. (AMWD) jumped more than 7% on Monday morning after the company posted first-quarter earnings per share of $2.04. It beat earnings estimates by 12 cents. Revenue of $428.96 million reflected 55.0% year-over-over growth and were in-line with estimates.
Warning! GuruFocus has detected 2 Warning Signs with AMWD. Click here to check it out.
The intrinsic value of AMWD
Adjusted earnings before interest, taxes, depreciation and amortization were $68.1 million, or 15.9% of net sales compared to $37.4 million, or 13.5% of net sales, for the same trimester of the prior fiscal year.
Cary Dunston, the company's chairman and CEO, said, "We experienced growth in all channels, over-indexing the market as a whole. Our integration work remains on plan as we have come together as one team with a clear vision for success."
G ainers
o Mosaic Co. (MOS)
o Wynn Resorts Ltd. (WYNN)
o General Motors Co. (GM)
o Advanced Micro Devices Inc. (AMD)
o Whirlpool Corp. (WHR)
Losers
o Chipotle Mexican Grill Inc. (CMG)
o Pfizer Inc. (PFE)
o Foot Locker Inc. (FL)
o Nordstrom Inc. (JWN)
o Under Armour Inc. (UA)
Global markets
The main European stock markets traded in the green. The U.K.'s FTSE 100 gained 0.19%, France's CAC 40 jumped 0.86%, Germany's Dax rose 1.02% and Spain's Ibex 35 advanced 0.64%.
In Asia, Japan's Nikkei 225 advanced 0.88%, India's BSE Sensex jumped 1.16%, Hong Kong's Hang Seng gained 2.47% and China's Shanghai Composite rose 1.89%.
Disclosure: The author holds no positions in any stocks mentioned.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 2 Warning Signs with AMWD. Click here to check it out.
The intrinsic value of AMWD
