A Look at Five Stocks on the Move on Thursday

Crude prices have tanked today after OPEC failed to impose a production ceiling. Although expectations entering into the meeting were low, the failure to come up with any sort of statement of unity shows how divided OPEC is in today’s low energy environment. In this article, we analyze why five stocks, Broadwind Energy Inc. (NASDAQ:BWEN), L Brands Inc (NYSE:LB), Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), SouFun Holdings Ltd (NYSE:SFUN), and Qlik Technologies Inc (NASDAQ:QLIK), are each trending and see what the smart money thinks about these stocks.

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Broadwind Energy Wins a Big Supply Contract

Broadwind Energy Inc. (NASDAQ:BWEN) shares are 13% in the green after the company said it had signed a three-year, $137 million agreement to supply wind turbine towers to a U.S. wind turbine manufacturer. Broadwind won the contract in part due to the certainty of the Production Tax Credit structure, and the agreement extends the company’s backlog through 2019. Shares of the company had been under pressure from low oil prices before. Jim Simons’ Renaissance Technologies owned almost 400,000 shares of Broadwind Energy Inc. NASDAQ:BWEN) at the end of the first quarter.

L Brands’ Sales Are Better-Than-Expected

L Brands Inc (NYSE:LB)’s shares have inched up by nearly 4% after the company reported that its sales rose by 2% in May to $816.6 million. Although comparable sales were flat, the company is bullish on future demand. Management believes June comparable store sales will rise in the low single digits, and that its first quarter EPS will be in the higher end of the guidance range of $0.50-$0.55. The number of elite funds with holdings in L Brands Inc (NYSE:LB) rose by 14 to 38 at the end of March.

On the next page, we examine Petroleo Brasileiro SA Petrobras, SouFun Holdings, and Qlik Technologies.