Small cap dieting stock Weight Watchers International, Inc (NYSE: WTW) reported Q2 2017 earnings after the Thursday close with shares surging 14% in after hours trading as results were helped by its Oprah Winfrey-fueled marketing and updated diet program. The Company has been mounting a turnaround since Oprah bought a stake in the Company in 2015 and also agreed to pitch the brand.
Revenues grew 10.3% (up 12.1% on a constant currency basis) to $341.7 million as service revenues grew 12.5% (up 14.2% on a constant currency basis with thisincrease driven by growth in all major geographic markets) to $283.0 million. End of Period Subscribers were up 20.1% versus the prior year period, driven by growth in all major geographic markets while End of Period Meeting Subscribers were up 12.5% and End of Period Online Subscribers were up 25.8% versus the prior year period. Net income was $45.2 million versus $30.5 million. The CEO commented:
Hot Small Cap Stocks To Own Right Now: NOW Inc.(DNOW)
- [By Matthew DiLallo, Tyler Crowe, and Jason Hall]
Oil prices haven’t gotten off to the fast start many expected, falling around 6% on average during the first quarter of the year. That slump came despite OPEC’s best efforts since producing nations have achieved fairly good compliance on their planned output cuts. That said, despite the lackluster oil market, we still see some interestingopportunities in the oil market. Three stocks we really like right now are DistributionNOW(NYSE:DNOW),Phillips 66(NYSE:PSX), andConocoPhillips(NYSE:COP), which all should do well in the current oil market.
Hot Small Cap Stocks To Own Right Now: Moneygram International, Inc.(MGI)
- [By Lisa Levin]
Moneygram International Inc (NASDAQ: MGI) shares were also up, gaining 21 percent to $5.74 after the company reported upbeat Q4 earnings.
Equities Trading DOWN
- [By Ben Levisohn]
Western Union (WU) soared to the top of the S&P 500 today after MoneyGram International (MGI) received a bid from Euronet Worldwide (EEFT).
Agence France-Presse/Getty Images
Shares of Western Union gained 3.5% to $20.27 today, while the S&P 500 fell 0.3% to 2,365.45.MoneyGram International surged 25% to $15.77, while Euronet Worldwide advanced 0.3% to $83.22.
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested shorting small capmoney transfer services stock Moneygram International (NASDAQ: MGI):
Hot Small Cap Stocks To Own Right Now: Pilot Gold Inc (PLGTF)
- [By SEEKINGALPHA.COM]
Wesdome Gold (OTC:WDOFF) is confirming the potential of its Kiena Deeps discovery with the latest batch of drill results from this venue. Itinerant Musings subscribers who joined us in this trade will be pleased. Treasury Metals (OTC:TSRMF) needs to find more underground ore to justify a construction decision of its Goliath gold project, and it’s doing just that as reported in the latest news release and explained in this article. NuLegacy Gold (OTCQX:NULGF) finally announced results from the twin hole of the Avocado discovery. A detailed discussion will be forthcoming for Itinerant Musings subscribers shortly. Pilot Gold (OTCPK:PLGTF) is making progress at its Goldstrike project in Utah. The latest set of results confirmed the Peg Leg and Covington targets as valid targets for further drilling. Arizona Mining (OTC:WLDVF) is countering controversy by releasing more drill results, and reporting the discovery of Taylor Deeps. The roller coaster continues.