Diamonds and Dogs
LendingTree, Inc. (TREE)
LendingTree is up to new highs today as the stock is surging 44% today. The company announced that it made a profit during the second quarter, which is big news compared to last year's loss. After posting record revenue of $55.1 million, LendingTree is looking to continue its growth. Market expenses are up 27% YOY, so management is focused on expanding. A couple analysts reiterated their "buy" ratings on the stock, and price targets are also on the rise.
TriNet Group Inc. (TNET)
TriNet's share price is falling by 44% today after reporting disappointing earnings for the second quarter. Revenue was $122 million compared to estimates of $137 million, and EPS was $0.14, which is about half of what analysts were expecting. Costs were higher for the quarter as management has been expanding its sales force, however investors did not give the business services group a break.
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