Tag Archives: XLU

Best Safest Stocks For 2019

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We spend most of our working lives contributing money to retirement accounts but what about taking it out in retirement? If you have pre-tax, Roth, and taxable accounts, how much should you withdraw from each one? Here are some things to consider:

1) How much can you safely withdraw? The safest option is to only withdraw earnings and not touch any of the principal but at current dividend yields and interest rates, don’t expect to get much more than about 2% of your portfolio. That’s probably not enough for most people and that number can fluctuate and may not keep pace with inflation in the long term.

The traditional rule of thumb is that you can safely withdraw about 4% of the initial value of a diversified portfolio and increase that amount with inflation for about 30 years. However, the rule was developed during the 1990s when interest rates were higher and many financial experts (including the financial planner who created it) are concerned that the rule is now obsolete. It also doesn’t take into account that you may have to withdraw larger amounts while you still have a mortgage or before you start collecting pension and Social Security benefits so a steady withdrawal rate may not make sense.

Best Safest Stocks For 2019: Hawaiian Holdings, Inc.(HA)

Advisors’ Opinion:

  • [By Motley Fool Staff]

    Their picks for this episode: Hawaiian Holdings (NASDAQ:HA), operator of Hawaiian Airlines; small Georgia-based bank Ameris Bancorp (NASDAQ:ABCB); and behind-the-app-scenes search company Elastic (NYSE:ESTC).

  • [By Adam Levine-Weinberg]

    A little more than six years ago, Hawaiian Holdings (NASDAQ:HA) launched its first route to the U.S. East Coast: a nonstop flight between Honolulu and New York. This route has been quite successful. Nevertheless, Hawaiian Airlines has focused its subsequent growth on international markets and additional West Coast flights.

  • [By Adam Levine-Weinberg]

    More than three years ago, Hawaiian Holdings (NASDAQ:HA) announced plans to expand its cargo service between the islands of Hawaii, using a dedicated fleet of ATR-72 turboprop freighters. This new interisland cargo operation was scheduled to begin in the first half of 2016.

  • [By Adam Levine-Weinberg]

    After a lackluster performance in the first few months of 2018, shares of Hawaiian Holdings (NASDAQ:HA) surged higher following the company’s stellar first-quarter earnings report. (The stock has since retreated due to worries about a volcanic eruption on Hawaii’s Big Island and new reports about Southwest Airlines’ plans to serve Hawaii.)

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Hawaiian (HA)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Safest Stocks For 2019: TravelCenters of America LLC(TA)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Shares of TransAlta (TSE:TA) (NYSE:TAC) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$8.25.

  • [By Logan Wallace]

    TravelCenters of America (NASDAQ:TA) had its price objective lifted by Craig Hallum from $6.50 to $10.00 in a research note issued to investors on Wednesday, The Fly reports.

  • [By Lisa Levin] Companies Reporting Before The Bell
    Tyson Foods, Inc. (NYSE: TSN) is projected to report quarterly earnings at $1.32 per share on revenue of $9.89 billion.
    Sysco Corporation (NYSE: SYY) is estimated to report quarterly earnings at $0.64 per share on revenue of $14.34 billion.
    Louisiana-Pacific Corporation (NYSE: LPX) is expected to report quarterly earnings at $0.67 per share on revenue of $692.63 million.
    Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is estimated to report quarterly earnings at $1.06 per share on revenue of 3.90 billion.
    Manchester United plc (NYSE: MANU) is estimated to report quarterly loss at $1.35 per share on revenue of $193.67 million.
    Sempra Energy (NYSE: SRE) is expected to report quarterly earnings at $1.66 per share on revenue of $3.24 billion.
    Willis Towers Watson Public Limited Company (NYSE: WLTW) is projected to report quarterly earnings at $3.01 per share on revenue of $2.23 billion.
    Green Plains Inc. (NASDAQ: GPRE) is estimated to report quarterly loss at $0.28 per share on revenue of $922.42 million.
    TravelCenters of America LLC (NASDAQ: TA) is projected to report quarterly loss at $0.16 per share on revenue of $1.59 billion.
    Gannett Co., Inc. (NYSE: GCI) is expected to report quarterly earnings at $0.03 per share on revenue of $723.93 million.
    Welbilt, Inc. (NYSE: WBT) is estimated to report quarterly earnings at $0.11 per share on revenue of $329.71 million.
    Horizon Pharma Public Limited Company (NASDAQ: HZNP) is projected to report quarterly earnings at $0.07 per share on revenue of $234.17 million.

     

  • [By Joseph Griffin]

    Russell Investments Group Ltd. boosted its position in TravelCenters of America LLC (NASDAQ:TA) by 8.6% during the first quarter, Holdings Channel reports. The institutional investor owned 955,678 shares of the specialty retailer’s stock after purchasing an additional 75,276 shares during the quarter. Russell Investments Group Ltd.’s holdings in TravelCenters of America were worth $3,440,000 as of its most recent SEC filing.

  • [By Stephan Byrd]

    TravelCenters of America LLC (NASDAQ:TA) – B. Riley upped their FY2018 earnings estimates for TravelCenters of America in a research note issued to investors on Wednesday, September 5th. B. Riley analyst B. Maher now anticipates that the specialty retailer will earn ($0.62) per share for the year, up from their previous forecast of ($0.70). B. Riley has a “Buy” rating and a $10.00 price target on the stock. B. Riley also issued estimates for TravelCenters of America’s Q4 2018 earnings at ($0.15) EPS.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on TravelCenters of America (TA)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Safest Stocks For 2019: EQT Corporation(EQT)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Mount Yale Investment Advisors LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,022 shares of the oil and gas producer’s stock, valued at approximately $191,000.

  • [By Motley Fool Transcribers]

    EQT Corp  (NYSE:EQT)Q4 2018 Earnings Conference CallFeb. 14, 2019, 10:30 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Stephan Byrd]

    Texas Permanent School Fund cut its holdings in shares of EQT Co. (NYSE:EQT) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,546 shares of the oil and gas producer’s stock after selling 1,713 shares during the quarter. Texas Permanent School Fund’s holdings in EQT were worth $3,396,000 at the end of the most recent quarter.

Best Safest Stocks For 2019: Stewart Information Services Corporation(STC)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Stewart Information Services (NYSE:STC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Stewart Information Services Corporation’s primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states, the District of Columbia and several foreign countries. Stewart also sells computer-related services and information, as well as mapping products and geographic information systems, to domestic and foreign governments and private entities. “

  • [By Joseph Griffin]

    Bailard Inc. reduced its stake in shares of Stewart Information Services Corp (NYSE:STC) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the insurance provider’s stock after selling 1,400 shares during the period. Bailard Inc.’s holdings in Stewart Information Services were worth $335,000 as of its most recent SEC filing.

  • [By Stephan Byrd]

    StarChain (CURRENCY:STC) traded 1.1% higher against the U.S. dollar during the 1-day period ending at 20:00 PM E.T. on September 4th. StarChain has a market cap of $0.00 and approximately $199,071.00 worth of StarChain was traded on exchanges in the last day. One StarChain token can currently be bought for about $0.0119 or 0.00000162 BTC on major cryptocurrency exchanges. Over the last seven days, StarChain has traded up 29% against the U.S. dollar.

  • [By Ethan Ryder]

    StarChain (CURRENCY:STC) traded 8.7% lower against the US dollar during the 24-hour period ending at 20:00 PM E.T. on May 14th. StarChain has a market cap of $0.00 and approximately $5.27 million worth of StarChain was traded on exchanges in the last 24 hours. One StarChain token can now be purchased for about $0.0925 or 0.00001062 BTC on major cryptocurrency exchanges. During the last seven days, StarChain has traded down 16.3% against the US dollar.

  • [By Stephan Byrd]

    Argo Group (NASDAQ: AGII) and Stewart Information Services (NYSE:STC) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their valuation, risk, earnings, dividends, institutional ownership, profitability and analyst recommendations.

Best Safest Stocks For 2019: Utilities Select Sector SPDR ETF (XLU)

Advisors’ Opinion:

  • [By ]

    But rising rates are weighing on utilities and inflation could start to eat into profits for regulated producers. The Utilities Select Sector SPDR (NYSE: XLU) is up just 0.6% over the last year, lagging the broader market by nearly 13% over the 12 months.

  • [By Jim Crumly]

    Materials stocks were hit hard; the SPDR S&P Metals and Mining ETF (NYSEMKT:XME) dropped 2.1%. The defensive utility sector was the only portion of the market in the green, with the Utilities Select SPDR ETF (NYSEMKT:XLU) closing the day up 0.9%.

  • [By Steve Symington]

    Financial stocks paved the way higher, with the Financial Select Sector SPDR Fund (NYSEMKT:XLF) rising 1.8%. Utilities companies lost ground; the Utilities SPDR ETF (NYSEMKT:XLU) fell 2.4%.

  • [By Jim Crumly]

    Rising long-term interest rates boosted financial stocks but hurt high-yielding stocks like utilities. The Financial Select Sector SPDR ETF (NYSEMKT:XLF) added 2.3%, while the Utilities Select SPDR ETF (NYSEMKT:XLU) tumbled 3.1%.

Hot Warren Buffett Stocks To Buy Right Now

William Patalon III

You’ve heard me say it before: On a beaten-down stock, the single-best “Buy” signal is buying by corporate insiders – the corporate officers and board-of-director members who are in the best position to “see” what’s ahead for the company.

In lieu of “insider buying,” there’s an indicator that I’ll watch for – a second signal that can serve as a kind of “proxy” for true insider purchases.

I’m talking about big purchases by a group of investors that I refer to as “frontrunners” or “knowledgeable outsiders.”

Here I’m referring to institutional players with a proven record for identifying bargain-basement opportunities – guys like raider-turned-activist Carl Icahn, “constructivist activist” Nelson Peltz or even the legendary Warren Buffett.

This is premium content for Private Briefing subscribers only.

Hot Warren Buffett Stocks To Buy Right Now: Novo Nordisk A/S(NVO)

Advisors’ Opinion:

  • [By Keith Speights]

    Dividend Yield

    Abbott Laboratories (NYSE:ABT) Drugs $109 billion 19.37 1.88%
    AstraZeneca (NYSE: AZN) Drugs $93 billion 19.70 3.97%
    Becton Dickinson and Co. (NYSE: BDX) Medical supplies $60 billion 17.74 1.29%
    DexCom (NASDAQ: DXCM) Medical devices $8 billion N/A N/A
    Eli Lilly and Co. (NYSE: LLY) Drugs $85 billion 14.91 2.77%
    Insulet (NASDAQ: PODD) Medical devices $5 billion 273.03 N/A
    Johnson & Johnson (NYSE: JNJ) Drugs, medical devices $325 billion 14.16 2.57%
    Lexicon Pharmaceuticals (NASDAQ:LXRX) Drugs $1 billion N/A N/A
    MannKind (NASDAQ: MNKD) Drugs $270 million N/A N/A
    Medtronic (NYSE: MDT) Medical devices $117 billion 15.36 2.14%
    Merck & Co. (NYSE: MRK) Drugs $159 billion 12.99 3.22%
    Novo Nordisk (NYSE:NVO) Drugs $116 billion 18.29 2.61%
    Pfizer (NYSE: PFE) Drugs $209 billion 11.62 3.82%
    Regeneron Pharmaceuticals (NASDAQ: REGN) Drugs $32 billion 13.95 N/A
    Sanofi (NYSE: SNY) Drugs $95 billion 10.75 4.64%
    Senseonics Holdings (NYSEMKT: SENS) Medical devices $447 million N/A N/A
    Tandem Diabetes Care (NASDAQ: TNDM) Medical devices $711 million N/A N/A

    Data source: Yahoo! Finance. P/E = price-to-earnings ratio; N/A = not applicable. Data as of May 25, 2018.

  • [By Brian Orelli]

    Novo Nordisk (NYSE:NVO) continues its trend ofrelatively strong growth of its newer diabetes medications being offset by slower growth of older insulin drugs in the first quarter. Currency changes also negatively affected Novo’s revenue line, but that’s out of the company’s control.

  • [By Keith Speights]

    Market research firm EvaluatePharma projects that more than $250 billion in sales are at risk between 2018 and 2024 for drugs that will lose patent exclusivity. Four companies could especially feel the sting from these losses: AbbVie (NYSE:ABBV), Celgene (NASDAQ:CELG), Johnson & Johnson (NYSE:JNJ), andNovo Nordisk(NYSE:NVO). Should investors beware of these big pharma stocks?

Hot Warren Buffett Stocks To Buy Right Now: Porter Bancorp Inc.(PBIB)

Advisors’ Opinion:

  • [By Max Byerly]

    Media stories about Porter Bancorp (NASDAQ:PBIB) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Porter Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.3359026173577 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

  • [By WWW.GURUFOCUS.COM]

    For the details of PATRIOT FINANCIAL PARTNERS GP, LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=PATRIOT+FINANCIAL+PARTNERS+GP%2C+LP

    These are the top 5 holdings of PATRIOT FINANCIAL PARTNERS GP, LPBanc of California Inc (BANC) – 2,850,564 shares, 32.49% of the total portfolio. Meta Financial Group Inc (CASH) – 397,069 shares, 25.6% of the total portfolio. Guaranty Bancorp (GBNK) – 1,391,767 shares, 23.3% of the total portfolio. MBT Financial Corp (MBTF) – 2,060,302 shares, 13.08% of the total portfolio. Sterling Bancorp (STL) – 323,980 shares, 4.31% of the total portfolio.

Hot Warren Buffett Stocks To Buy Right Now: Utilities Select Sector SPDR ETF (XLU)

Advisors’ Opinion:

  • [By Jim Crumly]

    Stocks sensitive to interest rates rose in anticipation of news from the Federal Reserve meeting this week. TheUtilities Select SPDR ETF (NYSEMKT:XLU) rose 1.2% and theiShares US Home Construction ETF (NYSEMKT:ITB) gained 1.6%.

  • [By Jim Crumly]

    Technology shares were hit hard today, with theTechnology Select Sector SPDR ETF (NYSEMKT:XLK)sinking 2.1%. Utilities moved higher, though; theUtilities Select SPDR ETF (NYSEMKT:XLU)rose 1.7%.

  • [By Jim Crumly]

    Long-term bonds rose, hurting financial stocks and giving a boost to utilities. TheFinancial Select Sector SPDR ETF (NYSEMKT:XLF)declined 0.9%, while theUtilities Select SPDR ETF (NYSEMKT:XLU) added 1.2%.

  • [By ]

    High-yield and traditionally-safe sectors like Utilities, represented by the Utilities Select Sector SPDR (NYSE: XLU), and Consumer Staples, represented by the Consumer Staples Select Sector SPDR (NYSE: XLP), show this relationship with yields.

  • [By Jim Crumly]

    Long-term interest rates fell back today, helping utility stocks bounce back from recent weakness; theUtilities Select SPDR ETF (NYSEMKT:XLU) gained 1.4%.Gold and gold mining stocks rose, with theVanEck Vectors Gold Miners ETF (NYSEMKT:GDX)up 1.4%.

  • [By Jim Crumly]

    Tech continued its recent strong performance. After gaining 6.8% in May, theTechnology Select Sector SPDR ETF (NYSEMKT:XLK) added another 1.7% today. Utility stocks fell; theUtilities Select SPDR ETF (NYSEMKT:XLU) dropped 1.6%.

What Happened in the Stock Market Today

Stocks made gains on Thursday after the Labor Department reported that consumer prices rose less than expected in April, easing worries about inflation. TheDow Jones Industrial Average (DJINDICES:^DJI)rose nearly 200 points and theS&P 500 (SNPINDEX:^GSPC)added almost a percentage point.

Today’s stock market

Index Percentage Change Point Change
Dow 0.80% 196.99
S&P 500 0.94% 25.28

Data source: Yahoo! Finance.

Long-term interest rates fell back today, helping utility stocks bounce back from recent weakness; theUtilities Select SPDR ETF (NYSEMKT:XLU) gained 1.4%.Gold and gold mining stocks rose, with theVanEck Vectors Gold Miners ETF (NYSEMKT:GDX)up 1.4%.

As for individual stocks, Roku (NASDAQ:ROKU) reported earnings for the third time since going public, and Ubiquiti Networks (NASDAQ:UBNT) jumped after announcing higher sales and improving profits.

Rising line charts.

Image source: Getty Images.

Roku’s superb quarter

Roku announced first-quarter results that beat expectations, but the stock closed down 1.7% despite initially rising on the news. Revenue grew 36% to $136.6 million, well above guidance of $120 million to $130 million and the analyst consensus of $127 million. The company reported a net loss of $6.6 million or $0.07 per share, compared with guidance for a loss of $15 million to $21 million, and Wall Street expectations of a loss of $0.15 per share.

Platform revenue grew 106% and player revenue declined as expected, falling 3%. Gross margin jumped to a new record after slipping a point sequentially last quarter, coming in at 46.2% compared with 39% last quarter and 38.8% in the year-ago period. The company added 1.5 million accounts in the quarter, to a total of 20.8 million, a 47% increase year over year. Growth in streaming hours outpaced account growth, rising 56%, and average revenue per user jumped 50% to $15.07.

Looking forward, the company raised its outlook for the full year, now expecting revenue between $685 million and $705 million, above the $675 million analysts have been expecting. The company also expects to operate at or near breakeven on an adjusted EBITDA basis.

Last quarterthe stock plummeted when Roku issued Q1 revenue guidance below analyst expectations, but the company delivered results that not only beat that guidance, but the original Wall Street expectations as well. The stock remains well below its level of that time, suggesting it’s a better bargain now.

Ubiquiti Networks soars on higher margins

Shares of Ubiquiti Networks jumped 11% after the company released fiscal third-quarter results that exceeded analyst estimates. Revenue increased 14.7% to $250.4 million and adjusted EPS grew 25.6% to $0.98. Analysts were expecting the company to earn $0.93 on sales of $247.9 million.

Revenue from the service provider technology segment fell 3.6%, but enterprise technology sales grew 31.6% to $149.5 million. The Europe, the Middle East, and Africa geography generated the highest sales of any region, and also had the highest growth this quarter, with sales up 29.6%.

Ubiquiti reversed a decline in gross margin last quarter that was caused by disappointing sales of a newly released consumer product. Gross margin was 45.7% compared with 38.6% in Q2, and beating the 45.4% reported in the quarter last year.

The company has bought back $292 million of its stock through May 7, reducing share count by 6.4% since last year, and has repatriated $677.2 million from foreign subsidiaries that will be used partly for future share repurchases. The company didn’t comment on the SEC subpoena that was filed in February, but said in its 10-Q filing that it was in the process of responding.

Ubiquiti’s revenue beat and the big improvement in margins helped address investor concerns that arose earlier in the year, and the market responded by boosting the stock to a new 52-week high.

What Happened in the Stock Market Today

Stocks made gains on Thursday after the Labor Department reported that consumer prices rose less than expected in April, easing worries about inflation. TheDow Jones Industrial Average (DJINDICES:^DJI)rose nearly 200 points and theS&P 500 (SNPINDEX:^GSPC)added almost a percentage point.

Today’s stock market

Index Percentage Change Point Change
Dow 0.80% 196.99
S&P 500 0.94% 25.28

Data source: Yahoo! Finance.

Long-term interest rates fell back today, helping utility stocks bounce back from recent weakness; theUtilities Select SPDR ETF (NYSEMKT:XLU) gained 1.4%.Gold and gold mining stocks rose, with theVanEck Vectors Gold Miners ETF (NYSEMKT:GDX)up 1.4%.

As for individual stocks, Roku (NASDAQ:ROKU) reported earnings for the third time since going public, and Ubiquiti Networks (NASDAQ:UBNT) jumped after announcing higher sales and improving profits.

Rising line charts.

Image source: Getty Images.

Roku’s superb quarter

Roku announced first-quarter results that beat expectations, but the stock closed down 1.7% despite initially rising on the news. Revenue grew 36% to $136.6 million, well above guidance of $120 million to $130 million and the analyst consensus of $127 million. The company reported a net loss of $6.6 million or $0.07 per share, compared with guidance for a loss of $15 million to $21 million, and Wall Street expectations of a loss of $0.15 per share.

Platform revenue grew 106% and player revenue declined as expected, falling 3%. Gross margin jumped to a new record after slipping a point sequentially last quarter, coming in at 46.2% compared with 39% last quarter and 38.8% in the year-ago period. The company added 1.5 million accounts in the quarter, to a total of 20.8 million, a 47% increase year over year. Growth in streaming hours outpaced account growth, rising 56%, and average revenue per user jumped 50% to $15.07.

Looking forward, the company raised its outlook for the full year, now expecting revenue between $685 million and $705 million, above the $675 million analysts have been expecting. The company also expects to operate at or near breakeven on an adjusted EBITDA basis.

Last quarterthe stock plummeted when Roku issued Q1 revenue guidance below analyst expectations, but the company delivered results that not only beat that guidance, but the original Wall Street expectations as well. The stock remains well below its level of that time, suggesting it’s a better bargain now.

Ubiquiti Networks soars on higher margins

Shares of Ubiquiti Networks jumped 11% after the company released fiscal third-quarter results that exceeded analyst estimates. Revenue increased 14.7% to $250.4 million and adjusted EPS grew 25.6% to $0.98. Analysts were expecting the company to earn $0.93 on sales of $247.9 million.

Revenue from the service provider technology segment fell 3.6%, but enterprise technology sales grew 31.6% to $149.5 million. The Europe, the Middle East, and Africa geography generated the highest sales of any region, and also had the highest growth this quarter, with sales up 29.6%.

Ubiquiti reversed a decline in gross margin last quarter that was caused by disappointing sales of a newly released consumer product. Gross margin was 45.7% compared with 38.6% in Q2, and beating the 45.4% reported in the quarter last year.

The company has bought back $292 million of its stock through May 7, reducing share count by 6.4% since last year, and has repatriated $677.2 million from foreign subsidiaries that will be used partly for future share repurchases. The company didn’t comment on the SEC subpoena that was filed in February, but said in its 10-Q filing that it was in the process of responding.

Ubiquiti’s revenue beat and the big improvement in margins helped address investor concerns that arose earlier in the year, and the market responded by boosting the stock to a new 52-week high.

What Happened in the Stock Market Today

Stocks made gains on Thursday after the Labor Department reported that consumer prices rose less than expected in April, easing worries about inflation. TheDow Jones Industrial Average (DJINDICES:^DJI)rose nearly 200 points and theS&P 500 (SNPINDEX:^GSPC)added almost a percentage point.

Today’s stock market

Index Percentage Change Point Change
Dow 0.80% 196.99
S&P 500 0.94% 25.28

Data source: Yahoo! Finance.

Long-term interest rates fell back today, helping utility stocks bounce back from recent weakness; theUtilities Select SPDR ETF (NYSEMKT:XLU) gained 1.4%.Gold and gold mining stocks rose, with theVanEck Vectors Gold Miners ETF (NYSEMKT:GDX)up 1.4%.

As for individual stocks, Roku (NASDAQ:ROKU) reported earnings for the third time since going public, and Ubiquiti Networks (NASDAQ:UBNT) jumped after announcing higher sales and improving profits.

Rising line charts.

Image source: Getty Images.

Roku’s superb quarter

Roku announced first-quarter results that beat expectations, but the stock closed down 1.7% despite initially rising on the news. Revenue grew 36% to $136.6 million, well above guidance of $120 million to $130 million and the analyst consensus of $127 million. The company reported a net loss of $6.6 million or $0.07 per share, compared with guidance for a loss of $15 million to $21 million, and Wall Street expectations of a loss of $0.15 per share.

Platform revenue grew 106% and player revenue declined as expected, falling 3%. Gross margin jumped to a new record after slipping a point sequentially last quarter, coming in at 46.2% compared with 39% last quarter and 38.8% in the year-ago period. The company added 1.5 million accounts in the quarter, to a total of 20.8 million, a 47% increase year over year. Growth in streaming hours outpaced account growth, rising 56%, and average revenue per user jumped 50% to $15.07.

Looking forward, the company raised its outlook for the full year, now expecting revenue between $685 million and $705 million, above the $675 million analysts have been expecting. The company also expects to operate at or near breakeven on an adjusted EBITDA basis.

Last quarterthe stock plummeted when Roku issued Q1 revenue guidance below analyst expectations, but the company delivered results that not only beat that guidance, but the original Wall Street expectations as well. The stock remains well below its level of that time, suggesting it’s a better bargain now.

Ubiquiti Networks soars on higher margins

Shares of Ubiquiti Networks jumped 11% after the company released fiscal third-quarter results that exceeded analyst estimates. Revenue increased 14.7% to $250.4 million and adjusted EPS grew 25.6% to $0.98. Analysts were expecting the company to earn $0.93 on sales of $247.9 million.

Revenue from the service provider technology segment fell 3.6%, but enterprise technology sales grew 31.6% to $149.5 million. The Europe, the Middle East, and Africa geography generated the highest sales of any region, and also had the highest growth this quarter, with sales up 29.6%.

Ubiquiti reversed a decline in gross margin last quarter that was caused by disappointing sales of a newly released consumer product. Gross margin was 45.7% compared with 38.6% in Q2, and beating the 45.4% reported in the quarter last year.

The company has bought back $292 million of its stock through May 7, reducing share count by 6.4% since last year, and has repatriated $677.2 million from foreign subsidiaries that will be used partly for future share repurchases. The company didn’t comment on the SEC subpoena that was filed in February, but said in its 10-Q filing that it was in the process of responding.

Ubiquiti’s revenue beat and the big improvement in margins helped address investor concerns that arose earlier in the year, and the market responded by boosting the stock to a new 52-week high.