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.

Petrobras Says Political Influence Over the Company Has Ended

With Pedro Parente having officially become Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)‘s CEO at the beginning of June, Parente recently has said that the previous political meddling in the organization is a thing of the past. Fuel pricing will now be made based on economic reasons and the company will do its best to pay down debt by selling assets. If Petrobras can successfully dissociate itself from the corruption and strife that seems widespread in Brazil, the development would be bullish for shares in the long run. Despite the statement, shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) opened lowered by have rebounded to around 1.55% in the green. Ken Fisher’s Fisher Asset Management owned around 10.5 million shares at the end of March.

SouFun Reports Mixed Results

Leading Chinese real estate Internet portal SouFun Holdings Ltd (NYSE:SFUN) is 4.6% in the green after the company reported a loss of $0.23 per share on revenue of $204.6 million for its first quarter, missing the bottom-line estimate by $0.12 per share and beating the top-line by $13.55 million. Sales rose 62.4% year-over-year as sales from e-commerce services jumped 154% year-over-year. GMV rose 664% to $12.7 billion year-over-year. For 2016, management sees revenue of $1.06 billion to $1.148 billion, representing 20% to 30% year-over-year revenue growth. Overall, 18 funds from our database held slightly over 10% of SouFun Holdings Ltd (NYSE:SFUN)’s float at the end of the first quarter.

Qlik Technologies To Be Acquired

Qlik Technologies Inc (NASDAQ:QLIK) is trading 4% higher after private equity firm Thoma Bravo agreed to buy Qlik for $30.50 in cash per share, for a total value of around $3 billion. The transaction was unanimously approved by Qlik’s board of directors and is expected to close in the third quarter of 2016. A total of 31 funds own shares of Qlik Technologies Inc (NASDAQ:QLIK), according to the latest round of 13F filings.

Disclosure: none