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Bullish stocks with high 1 Week % Change: $CPRI $BL $FUN

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Capri Holdings is bullish with improved financial projection

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Capri Holdings Ltd (NYSE:CPRI) was up 13.01% over the last one week

1Q 20211Q 2020
Total revenue$451 million down 66.5%
Gross profit$302 million$834 million
Gross Margin67.0%62.0%
Operations Income-$162 million$64 million
operating margi(35.9)%4.8%
Net Income-$180 million$45 million
EPS$(1.21)$0.30

Blackline looks promising as it announces enrolling of new customers

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Blackline Inc (NASDAQ:BL) was up 12.92% over the last one week

Blackline Inc has announced that it added 82 new customers in the 2Q 2020 bringing its total to 3,138 customers as at June 30, 2020. The company managed to expand its base to 277,426 at June 30, 2020 and reported a dollar-based net revenue retention rate of 108%.

During the quarter, the company launched a COVID-19 rapid deployment remote audit package aimed at assistance customers to prepare for first-time remote audit. Blackline Inc was recognized by TrustRadius as a 2020 Top Rated Award in the Financial Close category.

In terms of financial outlook, Blackline Inc has projected total GAAP revenue to amount to between $84.5 million and $85.5 million in the 3Q 2020. During the quarter, the company expects to record a Non-GAAP net income of between $6.5 million and $7.5 million.

Blackline Inc has projected total GAAP revenue for the financial year 2020 to amount to between $335.5 million and $338.5 million. Finally, Non-GAAP net income is expected to range between $27.5 million and $29.9 million.

Cedar Fair is bullish with strong financial position

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Cedar Fair, L.P. (NYSE:FUN) was up 12.64% over the last one week

During the 2Q 2020, Cedar Fair suspended its operations effective March 14, 2020 in response to the spread of the COVID-19 pandemic. This had a big impact on the company's financial position. The company resumed operations on a scaled down basis in line with government laid-down protocols. The 2Q 2020 had a total of 39 operating days compared to 726 operating days in the 2Q 2019. The company had projected 827% working days for the quarter.

Cedar Fair reported $7 million in net revenue in 2Q 2020 compared to $436 million in 2Q 2019. The drop in net revenue is directly attributed to the 8 million drop in visits as well as a $44 million drop in out-of-park revenue as a result of closures associated with the COVID-19. The company reported $142 million in operating loss in 2Q 2020 compared to $102 million in operating loss that was reported in the 2Q 2019.

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