Happy Friday and happy last Rippers list for the week 🔥 Stocks stayed in the green today, adding to a week-long trading week in U.S. indices.
Today’s list features the familiar faces of Overstock.com, Stamps.com, and iRhythm Technologies, which have made appearances twice this week (mostly for the same reasons for which they appeared in the first place – positive outlook and investor sentiment). $STMP was up 18%, $OSTK was up 10% and $IRTC landed at the bottom of our Ripper’s list with a little less than 10%.
But a few new players spiked today. Let’s dive in ⬇️
💻 Our biggest Rippers have been surging after earnings. Today, the identity management software company SailPoint made the list after jumping 15% after positive earnings post-market yesterday. They were joined by another software infrastructure company, Solarwinds, which offers IT management and remote access software. $SAIL and $SWI continue a trend we’ve seen on our list with software companies making huge jumps, namely in the infrastructure and data space.
☀️ Solar company First Solar had a hot day after announcing an earnings beat. $FSLR has been producing an impressive amount of solar products this quarter despite uncertainty in the marketplace. A large volume of consumers and companies are rushing to install solar given exciting tax credits and other long-term incentives. It’s also unlikely that this 13% jump will be the last we see of First Solar, which has been upgraded amidst the exciting earnings call.
🎰 Casino company Penn National Gaming made a splash earlier this year when they announced they’d be jumping headfirst into the media space – buying 36% of the popular pop culture and sports blog, Barstool Sports. Before the purchase, $PENN excited investors as a casino play, but also because of the prospects of a more pronounced presence of sports betting in the business. They jumped 12% today after posting a $214.4 million loss in Q2, but beating analyst estimates overall.
🏠 Our last Ripper of the week is Zillow, the digital real estate company trying to make it easier to sell your house and find your new home. Record low mortgage and borrowing rates have increased the volume of people making big purchases – and that includes houses. Despite reporting a loss, Zillow saw 28% YoY growth. They take up two spots on today’s Rippers list: $ZG (Zillow Class A) jumped 11.6%, and $Z (Zillow Class C) jumped 11.7%.
That wraps the Rippers for this week! Check back on Monday to get in the know about the stocks making big moves 📈📈📈