The service industry is a bit mixed today. Nonetheless, there are definitely a few gems. Here are 4 stocks in service that I’m watching closely…
ITT Education Services Stock Climbs After Beating Earnings
ITT Educational Services, Inc. (NYSE: ESI)
It’s a great day for ITT Educational Services investors as the stock is climbing in a big way today. The reason for the climb is clearly earnings as the company beat both top line revenue and earnings per share estimates. Earnings per share came in at $0.44; well above the $0.07 that analysts expected. When it comes to top line revenue, the company generated $230 million in the quarter; also beating analyst expectations of $216.6 million. As a result, ESI is climbing high today, currently (12:47) trading at $5.12 per share after a gain of 23.37% so far today. In this particular case, the stock has already fallen from highs. However, I would suggest waiting a little longer before an entrance as we are likely to see more correcting before growth. Nonetheless, this seems like a great opportunity in the making.
GoPro Stock Is Up Following Yesterday’s Declines
GoPro, Inc. (NASDAQ: GPRO)
GoPro has been on a bullish run for quite some time now. However, the stock had a bit of a tough time in the market yesterday after Citi announced that they expect less from the company with regard to camera sales. Nonetheless, GPRO is back on gains today as investors shrug off Citi expectations. Currently (12:50), GPRO is trading at $58.15 per share after a gain of 3.86% so far today. In this particular case, I’m not concerned about Citi expectations; so, I’m expecting the climb to continue. So, keep up the bullish trend my friends!
Will Lumber Liquidators Break From Support?
Lumber Liquidators Holdings Inc (NYSE: LL)
Lumber Liquidators Holdings stock has had a tough time in the market recently. However, it seems as though that may change. For some time now, the stock has been trading incredibly close to support; waiting for its chance to break out. Today, we’re seeing strong momentum from LL as the stock has gained 4.65% so far today (12:54). I’ll be watching this climb closely because a break above $22.01 is likely to lead to incredibly strong growth.
Bob Evans Farms Stock Is Up On Plans Of A Strategic Transaction
Bob Evans Farms Inc (NASDAQ: BOBE)
Finally, Bob Evans Farms stock is up today following news that it is planning a strategic transaction. The company operates a full service restaurant chain and said the transaction could take the form of either a sale-leaseback or an REIT conversion and spin-off. Nonetheless, it seems as investors are excited as the stock has grown by 2.86% so far today. I’ll be watching this stock closely as it seems to have found a new level of support and will likely rise.
Do You Know Of Any Others?
Are there any other strong service stocks you’re watching? If so, let us know in the comments below!