Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of human resources solutions company TriNet Group Inc (NYSE: TNET ) jumped as much as 12.6% today after reporting earnings.
So what: Revenue was up 45% in the first quarter to $508.9 million and net income dropped from $10.5 million a year ago to $1.5 million. On an adjusted basis, net income was $17.6 million, or $0.24 per share, slightly lower than a year ago.
Now what: After TriNet's IPO, expectations had been set realistically by investors, and the top-line growth should drive its way to the bottom line when costs related to going public work their way out of the company. All operating metrics were higher according to management, and that bodes well for the future. I just think a $1.6 billion market cap is high for the company, and I'd wait for it to get a few more quarters under its belt before buying in.
Will this stock be your next multi-bagger?
Give me five minutes and I'll show how you could own the best stock for 2014. Every year, The Motley Fool's chief investment officer hand-picks one stock with outstanding potential. But it's not just any run-of-the-mill company. It's a stock perfectly positioned to cash in on one of the upcoming year's most lucrative trends. Last year, his pick skyrocketed 134%. And previous top picks have gained upwards of 908%, 1,252%, and 1,303% over the subsequent years! Believe me, you don't want to miss what could be his biggest winner yet! Just click here to download your free copy of "The Motley Fool's Top Stock for 2014" today.