Why Facebook Inc (FB), GoPro Inc (GPRO) and Tempur Sealy International Inc (TPX) Are 3 of Today’s Best Stocks

With traders still focusing on global central bank, U.S. stocks were again mixed on Thursday as the dollar fell and gold rose.

Why Facebook Inc (FB), GoPro Inc (GPRO) and Tempur Sealy International Inc (TPX) Are 3 of Today's Best StocksWhen the closing bell rang, the Dow Jones Industrial Average was lower by 0.09%, but the S&P 500 and the Nasdaq Composite picked up the slack with gains of 0.16% and 0.3%, respectively.

Earnings reports elevated Facebook Inc (NASDAQ:FB), GoPro Inc (NASDAQ:GPRO) and Tempur Sealy International Inc (NYSE:TPX) to Thursday’s best stocks of the day club.

Facebook Inc (FB)

Shares of Mark Zuckerberg’s Facebook Inc rose 1.4% on volume that was more than triple the daily average after the company delivered quarterly earnings of 71 cents a share on revenue of $6.44 billion. Earlier Thursday, FB shares hit an all-time high of $128.33.

Analysts expected FB to post quarterly revenue of $6.02 billion. JMP boosted its price target on FB to $165 from $147 while maintaining a “market outperform” rating on the stock. Goldman Sachs reiterated a “buy” rating on FB while boosting its price target on FB to $162 from $142.

Canaccord Genuity also reiterated a “buy” on FB while boosting its price target on the shares to $160 from $150. Stifel Nicolaus reiterated a “buy” on FB as well with that firm lifting its FB target to $155 from $145.

GoPro Inc (GPRO)

GoPro Inc soared 12.5% on more than triple the average daily volume after the company posted a lower-than-expected quarterly loss. GPRO lost 52 cents a share in its most recently completed quarter, well below the 58 cents a share analysts expected.

GPRO reported sales of $220.7 million, which easily beat Wall Street estimates. Although GPRO is not profitable, some analysts believe the company will soon turn a profit.

Wedbush reiterated an “outperform” rating on GPRO while lifting its price target on the shares to $14.50 from $13.

Tempur Sealy International Inc (TPX)

Mattress seller Tempur Sealy International Inc surged 16.8% on more than five times the usual turnover after Kentucky-based company’s second-quarter results easily topped estimates. TPX earned 92 cents a share in the second quarter. Analysts expected TPX to earn 69 cents a share.

TPX cited improving consumer confidence and a strong housing market as catalysts for its bullish quarterly results. TPX posted second-quarter sales of $804.4 million. Analysts expected TPX to report sales of $785.4 million.

While North America remains a key market, TPX said it sees opportunity in Asia over the long-term.

At the time of this writing, Todd Shriber did not own any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/07/facebook-inc-fb-gopro-inc-gpro-tempur-sealy-international-inc-tpx-3-todays-best-stocks/.

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