These 5 Stocks are Trending Today

2. HEICO Corporation (NYSE:HEI)

Number of Hedge Fund Holders: 39

Shares of HEICO Corporation (NYSE:HEI) slid about two percent in the pre-market trading session on Tuesday. The drop came after the aerospace and electronics company missed profit expectations for its fiscal third quarter.

HEICO Corporation (NYSE:HEI) reported earnings of 60 cents per share, up from 56 cents per share in the year-ago period but below the consensus of 66 cents per share. On the bright side, revenue jumped 21 percent to $569.5 million, topping the expectations of $553.72 million.

Now let’s break down HEICO’s total revenue by segments. Revenue from its flight support group rallied 39 percent to $330.3 million, while revenue from the electronic technologies group inched up 2 percent to $244.2 million in the quarter.

Moving forward, HEICO Corporation (NYSE:HEI) sees continuous recovery in air travel demand worldwide. However, the company didn’t issue its full-year outlook amid an uncertain macro environment.