Why These Stocks Are Hot: BlackBerry Ltd (NASDAQ:BBRY), Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST), KBR (NYSE:KBR), Pier 1 Imports (NYSE:PIR), Red Hat (NYSE:RHT)

BlackBerry Ltd. (NASDAQ:BBRY) had a “small celebration” this quarter, posting a smaller than expected loss Thursday, on the back of a major corporate overhaul under chief executive John Chen to revive the Waterloo, Ont.-based smartphone maker. BlackBerry Ltd (NASDAQ:BBRY) stock opened today at $9.27 and is currently trading at $9.33. The stock showed a positive weekly performance of 6.56%.

Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST) stock opened at $13.98, in current trading session and currently is at $13.50, by losing -11.58%. The 52 week range of $13.36 – $84.45. Company’s market capitalization is 36.64 million.

KBR, Inc. (NYSE:KBR) reported Q1 EPS of ($0.29), $0.67 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $1.63 million versus the consensus estimate of $1.77 billion.

KBR, Inc. (NYSE:KBR) stock is currently trading at $23.43. The EPS of the stock is 0.50. Company’s market capitalization is 3.47 billion.

Pier 1 Imports (NYSE:PIR) dropped 10.41% after the company reported a drop in its fiscal first-quarter profit and lowered its forecast. Pier 1 Imports Inc. (NYSE:PIR) stock opened the session at $16.65, and now is at $16.68. The 52 week range of the Pier 1 Imports Inc. (NYSE:PIR) stock remained $16.30 – $24.77 and the day range was $16.30 – $16.92.

Red Hat, Inc. (NYSE:RHT), the world’s leading provider of open source solutions, announced financial results for its fiscal year 2015 first quarter ended May 31, 2014. Total revenue for the quarter was $424 million, an increase of 17% in U.S. dollars from the year ago quarter, and 17% measured in constant currency. Red Hat Inc. (NYSE:RHT) stock opened today at $55.64 and is currently trading at $55.89. The stock showed a positive weekly performance of 3.17%.

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