Acuity Brands (NYSE: AYI) slipped 4% on Oct. 5 after missing estimates for its fourth quarter. Despite impressive 27% growth, earnings of $2.21 missed estimates by 18 cents. Revenue grew 22% but missed estimates by $21 million. Management blamed a manufacturing transition that cost the company $25 million in sales and increased expenses by $2 million. The stock, which was down 8% earlier in the day, rose as management assured investors on its call that earnings growth would accelerate in 2017 (year ending August 2017). Although not a perfect quarter, we are still bullish on Acuity and the smart lighting market it serves and recommend subscribers buy the stock on this dip.

Charles River Labs (NYSE: CRL) acquired a small contract research organization focusing on early-stage drug research and drug molecule discovery. The purchase of Agilux will allow Charles River to  improve the efficiency of clients’ early-stage research efforts, a smart strategy of guiding clients from discovery to full FDA approval for drug candidates.The purchase price was approximately $64 million in cash. Agilux will contribute roughly $27 million in annual revenue but have a negligible impact on earnings.

Criteo (NSDQ: CRTO) acquired HookLogic, a private digital advertising company for $250 million in cash. The purchase gives Criteo exclusive access to ad inventory on retail websites like Macy’s, Toys R Us and Sears. HookLogic currently sells ad space to huge consumer brand companies like Keurig, Kraft, Pepsi and Disney. The acquisition will boost revenue in 2017 but have an insignificant effect on earnings until 2018.

Drew Industries (NYSE: DW) and Patrick Industries (NSDQ: PATK) Winnebago’s stock soared 26% on the news that it acquired Grand Design Recreational Vehicle Company, a manufacturer of towable recreation vehicles. The purchase will allow Winnebago to instantly participate in the hottest sector of the RV market.  Only  30% of Winnebago’s unit sales before this purchase were towables. The bulk of its sales have been in  traditional motor homes which are not growing nearly as fast as towable RVs.. Bullish commentary by Winnebago management confirms strong demand for parts made by portfolio holdings Drew Industries and Patrick Industries.

Mylan (NSDQ: MYL) continues to trade lower since my call recommendation on Sept. 16. I did not anticipate the increased  firestorm of negative publicity regarding the company’s EpiPen pricing. Fears of price controls have driven down the entire drug group. Timing a trade like this is difficult, which is why I chose the January expiration, which gives us more than three months for the stock to rebound.  I am closely following the situation and am sticking with the bullish call.