Insider Monkey

Why These 10 Tech Stocks Moved This Week

Sat, 25 Sep 2021 19:36:15 +0200

In this article we will take a look at the some of notable stocks that moved this week. You can skip our detailed analysis of these stocks and go to read Why These 5 Tech Stocks Moved This Week.

This week has been a roller coaster ride for the market given China’s Evergrande situation and the Fed meeting. It has also been an eventful week for stocks such as salesforce.com, inc. (NYSE:CRM), Micron Technology, Inc. (NASDAQ:MU), Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG). Let’s find out why the spotlight was on each stock this week and how elite funds were positioned among them.

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10. Tesla, Inc. (NASDAQ:TSLA) shares rose almost 5.5% this week due to the broader market rally and Musk’s comments that the semiconductor chip shortage that has been a headwind for many automakers could be a short term problem. Further helping sentiment could be Tesla, Inc. (NASDAQ:TSLA)’s ‘beta button’ which allows owners to request the company’s most sophisticated version of autonomous driving software with a press of a finger. The ‘beta button’ went live on Friday. Although Tesla, Inc. (NASDAQ:TSLA)’s autonomous software isn’t really fully autonomous, it has potential to be sometime in the future. Catherine D. Wood‘s ARK Investment Management owned more than 5.4 million shares in Tesla, Inc. (NASDAQ:TSLA) at the end of June.

9. Apple Inc. (NASDAQ:AAPL) stock rallied more than 2% this week due to the rise in the market. With more certainty around the potential future path of interest rates after data was released from the Fed meeting this week, some investors are more optimistic and that’s likely helped Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL) has also been in the news after a showbiz union said that Apple claimed it had fewer than 20 million TV+ subscribers in the United States and Canada as of the beginning of July. Given the scale of Apple’s other businesses, the current number of Apple TV+ subscribers isn’t a big deal for the stock. Many smart money funds seem bullish according to the latest 13F filing data. The number of elite funds that were long Apple Inc. (NASDAQ:AAPL) rose to 138 at the end of Q2 from 127 in Q1.

8. Facebook, Inc. (NASDAQ:FB) fell almost 2% this week despite the broader market rise. Although Facebook, Inc. (NASDAQ:FB) rallied on Friday, the stock fell earlier in the week due to speculation on just how much Apple’s privacy policy changes could negatively affect Facebook, Inc. (NASDAQ:FB)’s financial results. Eagle Capital Management raised its position by 7% from the prior quarter to over 7.4 million shares in Facebook, Inc. (NASDAQ:FB) at the end of June.

7. Amazon.com, Inc. (NASDAQ:AMZN) rose 0.87% this week as the stock continues to consolidate technically.
Amazon.com, Inc. (NASDAQ:AMZN) has also been in the news with this week’s news that the company is planning on opening its own department stores which could increase its apparel sales. Amazon.com, Inc. (NASDAQ:AMZN) already has a brick and mortar business with its purchase of Whole Foods several years ago. Amazon.com, Inc. (NASDAQ:AMZN) was the most widely held smart money stock at the end of Q2 according to our database of 873 elite funds, with 271 funds we track owning shares of Amazon.

6. Alphabet Inc. (NASDAQ:GOOG) has risen around 2.6% this week as the company nears the $2 trillion market cap level. Meanwhile, Alphabet Inc. (NASDAQ:GOOG) remains the dominant search provider and according to The Information, Alphabet Inc. (NASDAQ:GOOG) is also seeking potential search deals for Instagram and TikTok videos. 190 top funds we track owned shares in the stock of Alphabet Inc.

Like Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG), salesforce.com, inc. (NYSE:CRM) and Micron Technology, Inc. (NASDAQ:MU) also moved this week.

Click to continue reading and see Why These 5 Tech Stocks Moved This Week.

Why These 5 Tech Stocks Moved This Week

Sat, 25 Sep 2021 19:28:37 +0200

In this article we take a look at five stocks that moved this week. If you want to read our detailed analysis of these stocks, go to read Why These 10 Tech Stocks Moved This Week.

5. salesforce.com, inc. (NYSE:CRM) surged more than 11% this week after the company increased its full year revenue outlook slightly and hosted its annual investor day. salesforce.com, inc. (NYSE:CRM) has likely also benefited from analyst upgrades this week. For fiscal 2022, salesforce.com, inc. (NYSE:CRM) raised guidance earlier this week to $26.25-$26.35 billion from the previous $26.2-$26.3 billion. Arrowstreet Capital was long more than 4.9 million shares of salesforce.com, inc. (NYSE:CRM) at the end of June.

Hedge Funds are Selling Microsoft (MSFT) and Buying These 10 Tech Stocks Instead

Sat, 25 Sep 2021 17:45:08 +0200

In this article, we discuss the 10 tech stocks hedge funds are buying instead of Microsoft. If you want to skip our detailed analysis of these stocks, go directly to Hedge Funds are Selling Microsoft and Buying These 5 Tech Stocks Instead.

Microsoft Corporation (NASDAQ:MSFT) crossed $2 trillion in market capitalization in late June this year, becoming the second company on the S&P 500 to achieve that milestone. The five top firms on the benchmark index, all from the technology industry, now comprise over 20% of the value of the whole index. Coupled with the incredible rally in the share prices of growth stocks over the past year and a half – the NASDAQ Composite has a one-year return of 40% – this has led to several theories about a tech bubble that is primed to explode over the marketplace.

It would appear that hedge funds have also given heed to these theories. At the end of the second quarter of 2021, 238 hedge funds tracked by Insider Monkey held stakes worth more than $62 billion in Microsoft Corporation (NASDAQ:MSFT), down from 251 funds in the preceding quarter with stakes worth over $58 billion. Two top hedge funds, Chicago-based Citadel Investment Group and New York-based Millennium Management, own PUT options against 10.5 million and 8.9 million shares of the firm respectively, worth $5.2 billion.

Some of the technology stocks that hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT) include Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ: AAPL), among others discussed in detail below. According to Jeff Mills, the Chief Investment Officer at Bryn Mawr Trust, increased taxes and tightening regulation around big tech firms like Microsoft are likely to lead to the end of the dominance of these firms atop the S&P 500.

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Image by Tawanda Razika from Pixabay

Our Methodology

With this context in mind, here is our list of the 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT). Only those firms that work in the technology industry and have seen an increase in the number of hedge funds having stakes in the second quarter of 2021, as compared to the first quarter, were selected for the listing.

The list is ranked according to the number of hedge funds having stakes in each company. Data from the 873 funds tracked by Insider Monkey was used for this purpose.

Special importance was assigned to outlining the analyst ratings and business fundamentals for each firm to provide readers with some context so they can make more informed investment choices.

Hedge Funds are Selling Microsoft and Buying These Tech Stocks Instead

10. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders in Q2: 72

Number of Hedge Fund Holders in Q1: 69

Workday, Inc. (NASDAQ:WDAY) is placed tenth on our list of 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT). The firm markets enterprise cloud applications and is headquartered in California.

On September 22, investment advisory Needham maintained a Buy rating on Workday, Inc. (NASDAQ:WDAY) stock and raised the price target to $310 from $290, noting that the firm had the potential to re-accelerate growth as it exits the pandemic economy.

At the end of the second quarter of 2021, 72 hedge funds in the database of Insider Monkey held stakes worth $5.18 billion in Workday, Inc. (NASDAQ:WDAY), up from 69 in the previous quarter worth $5.17 billion.

Just like Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ:AAPL), Workday, Inc. (NASDAQ:WDAY) is one of the tech stocks attracting the attention of elite hedge funds.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Workday, Inc. (NASDAQ:WDAY) was one of them. Here is what the fund said:

“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”

9. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders in Q2: 76

Number of Hedge Fund Holders in Q1: 75

JD.com, Inc. (NASDAQ:JD) is ranked ninth on our list of 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT). The firm operates as an ecommerce and retail infrastructure provider. It is headquartered in China.

On September 15, investment advisory Stifel reiterated a Buy rating on JD.com, Inc. (NASDAQ:JD) stock and raised the price target to $100 from $90, noting the firm was less exposed to regulatory risk in China than peers.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in JD.com, Inc. (NASDAQ:JD) with 51.5 million shares worth more than $4.1 billion.

In addition to Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ:AAPL), JD.com, Inc. (NASDAQ:JD) is one of the tech stocks that hedge funds are piling into.

In its Q1 2021 investor letter, Arisaig Partners, an asset management firm, highlighted a few stocks and JD.com, Inc. (NASDAQ: JD) was one of them. Here is what the fund said:

“Our largest holding as a firm, JD.com, we expect to grow earnings at an annualised rate of 30% over the next five years, implying it will trade on an EV / EBITDA of 7.5x at the end of this period. Is this a growth stock or a value stock? Does anyone care? Do these labels really matter?

For the Asia Fund, with a higher pre-existing allocation to our core FMCG holdings coming into the year, we took advantage of capital market volatility to further concentrate on our highest conviction names. JD.com has been the main destination for our limited reallocations as evidence continues to emerge supporting our thesis that the company has a strong right-to-win in the large and highly fragmented USD1.8th Chinese grocery market. We have also been encouraged by the fact that after years of persistence, the company is beginning to engage with us on ESG issues (we have specifically discussed data protection, climate change and the circular economy). ESG is now being considered at the board level, and specific sustainability reporting should follow in the coming months. Having long displayed a healthy obsession with customer service, we interpret these latest conversations as a sign that JD is beginning to develop a more sophisticated understanding of its impact on all stakeholders.”

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders in Q2: 87

Number of Hedge Fund Holders in Q1: 79

Thermo Fisher Scientific Inc. (NYSE:TMO) is a Waltham-based company that has interests in the life sciences tools and services business. It is placed eighth on our list of 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT).

On September 23, investment advisory Goldman Sachs upgraded Thermo Fisher Scientific Inc. (NYSE:TMO) stock to Conviction Buy from Buy and raised the price target to $690 from $600, noting that the firm would hit single-digit growth and was experiencing multiple growth drivers.

At the end of the second quarter of 2021, 87 hedge funds in the database of Insider Monkey held stakes worth $7.3 billion in Thermo Fisher Scientific Inc. (NYSE:TMO), up from 79 in the preceding quarter worth $6.2 billion.

Along with Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ:AAPL), Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the tech stocks that hedge funds are bullish on.

In its Q2 2021 investor letter, DEVON Equity Management, an asset management firm, highlighted a few stocks and Thermo Fisher Scientific Inc. (NYSE:TMO) was one of them. Here is what the fund said:

“The broad response to the COVID pandemic from the healthcare, pharmaceutical, and life science industries has been nothing short of incredible.

Whilst Vaccine makers understandably garner the highest profile, Thermo Fisher (6.2% of NAV) should be considered one of the outstanding performers, reflected in their ‘COVID related revenue’ hitting US$9.4bn in the 12 months since March 2020 (we appreciate measuring ‘contribution’ to the pandemic by ‘dollars’ generated is a little crude – but ultimately it does tell us something).

Ever the short-termist, Mr Market has looked to the inevitable slowdown in COVID related revenue uneasily – questioning whether it might mean a decline in Earnings come 2022. These concerns resulted in TMO shares declining 5% since their November 2020 peak, the worst performer of our Top 10 holdings.

Fortunately, we look at the COVID dynamic for Thermo in the diametrically opposite fashion.

We think Thermo’s response to COVID has bolstered their competitive positon in multiple verticals, and meaningfully enhanced the long term earnings potential of the company:

Firstly, Thermo came from ‘also-ran’ to leading player in diagnostic testing in 6 months. In ordinary times, this might be expected to take 5+ years. As demand for COVID testing inevitably declines, the capacity Thermo built during 2020 will be filled with demand from non-COVID diagnostic tests, a fast growing area before the pandemic with improved prospects in light of the role testing is playing in the COVID response.

Secondly, Thermo invested heavily throughout 2020 in capacity for the core bioreactor business. Given our constructive view on biologics manufacturing (both volume and value), these investments should translate into sustainably higher market share.

Thirdly, we expect the..”read the entire letter here]

7. Square, Inc. (NYSE:SQ)

Number of Hedge Fund Holders in Q2: 94

Number of Hedge Fund Holders in Q1: 92

Square, Inc. (NYSE:SQ) is a California-based technology company that markets payments services. It is ranked seventh on our list of 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT).

On September 15, investment advisory Evercore ISI maintained an Outperform rating on Square, Inc. (NYSE:SQ) stock and raised the price target to $371 from $361, underlining the stronger growth profile of the firm after recent acquisitions.

At the end of the second quarter of 2021, 94 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Square, Inc. (NYSE:SQ), up from 92 the preceding quarter worth $9 billion.

Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ:AAPL) are some of the top tech stocks to buy right now, just like Square, Inc. (NYSE:SQ).

6. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders in Q2: 104

Number of Hedge Fund Holders in Q1: 98

Sea Limited (NYSE:SE) is placed sixth on our list of 10 tech stocks hedge funds are buying instead of Microsoft Corporation (NASDAQ:MSFT). The firm has interests in the digital ecommerce, entertainment, and financial technology businesses. It is headquartered in Singapore.

On August 18, investment advisory Cowen maintained an Outperform rating on Sea Limited (NYSE:SE) stock and raised the price target to $355 from $345, noting that the topline growth of the firm was continuing in tandem with long-term investments.

At the end of the second quarter of 2021, 104 hedge funds in the database of Insider Monkey held stakes worth $12.2 billion in Sea Limited (NYSE:SE), up from 98 the preceding quarter worth $10.4 billion.

Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), and Apple Inc. (NASDAQ:AAPL) are some of the biggest tech stocks to buy right now, alongside Sea Limited (NYSE:SE).

In its Q4 2020 investor letter, Hayden Capital, an asset management firm, highlighted a few stocks and Sea Limited (NYSE:SE) was one of them. Here is what the fund said:

“Sea Ltd (SE): When I wrote our Q4 2019 letter about Shopee launching a Brazilian business, it seemed very few investors or competitors knew or cared.

A year ago, I wrote: “This is the first test for the ecommerce marketplace outside of its Southeast Asia home base. Will the platform’s fun and addicting features overcome a lack of local knowledge and presence? It’s hard to predict consumer behavior and how accepting users will be to a platform – especially one that’s a foreign culture and 10,000 miles away. The only way to know is to experiment and watch the results closely.

Empirically though, it seems that what consumers find entertaining in Asia, generally translates well to Brazil (and Shopee really is as much an entertainment platform, as an ecommerce one).

For example, just look at the top 10 free apps in Brazil. Two are utility messaging apps, so we’ll ignore those (WhatsApp and

Facebook Messenger). But among the remaining eight apps, they’re all entertainment based and overwhelmingly Asian. Four are from China (Kwai, TikTok, VStatus, TikTok Lite), two from Singapore (Free Fire and Shopee, both Sea Ltd apps), and one from the US (Instagram). The commonality is that all these apps are experts at creating addictive habits, as evidenced by their personalized recommendations, avg usage time, number of logins per day per user, etc.” (LINK)

I distinctly remember having conversations with several Brazilian hedge funds as recently as last summer who were investors in Sea Ltd. When the topic of Brazil came up, many of them didn’t even know Shopee was operating in their own backyard!

Part of this stems from the fact that..”read the entire letter here]

Click to continue reading and see Hedge Funds are Selling Microsoft and Buying These 5 Tech Stocks Instead.

Hedge Funds are Selling Microsoft and Buying These 5 Tech Stocks Instead

Sat, 25 Sep 2021 17:43:30 +0200

In this article, we discuss the 5 tech stocks hedge funds are buying instead of Microsoft. If you want to read our detailed analysis of these stocks, go directly to Hedge Funds are Selling Microsoft and Buying These 10 Tech Stocks Instead.

5. Salesforce.com, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 108

Salesforce.com, Inc. (NYSE:CRM) is ranked fifth on our list of 10 tech stocks hedge funds are buying instead of Microsoft. The firm develops and markets enterprise cloud computing solutions. It is headquartered in California.

On September 24, investment advisory RBC Capital maintained an Outperform rating on Salesforce.com, Inc. (NYSE:CRM) stock and raised the price target to $325 from $310, noting that the firm was a market leader in the Software-as-a-Service (SaaS) market.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Salesforce.com, Inc. (NYSE:CRM) with 13.4 million shares worth more than $3.2 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com, Inc. (NYSE:CRM) was one of them. Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”

10 Best Stocks for Dividends

Sat, 25 Sep 2021 16:55:08 +0200

In this article, we will take a look at the 10 best stocks for dividends. You can skip our detailed analysis of these dividend stocks’ outlook for 2021 and the merits of dividend investing and go directly to the 5 Best Stocks for Dividends.

With the spread of the Delta variant exacerbating the pandemic-driven recession, investors are looking for safe and dependable income to help combat the rising inflation rate. Annual consumer prices have increased by 5.3%, down from 5.4% in June and July, according to the recent data of the Bureau of Labor Statistics. The 10-year US Treasury bonds are yielding only 1.45%, way below the prevailing inflation rate. We don’t think it is prudent for investors to invest in these bonds and they need to make sure that they aren’t directly or indirectly invested in these subpar government bonds. Smart investors are diversifying their portfolios with high-quality dividend equities to produce dividend income in addition to capital gains while minimizing risk in equity investments to combat financial instability, despite market analysts labeling these low figures “transitory inflation.”

According to the 31st edition of the Janus Henerson Global Dividend Index study, dividends paid to investors are projected to hit $1.39 trillion in 2021. The study also mentioned some of the world’s biggest dividend payers including Exxon Mobil Corporation (NYSE:XOM), AT&T Inc. (NYSE:T), Rio Tinto Group (NYSE:RIO), and Walmart Inc. (NYSE:WMT) to name a few.

Investors are watching mature companies that are less vulnerable to severe market volatility and distribute decent and consistent dividends. In this case, dividend aristocrats are ideal for investors looking to diversify their portfolios with less volatile but sustainable equities. Dividend aristocrats are well-established blue-chip companies that have increased dividend payouts year after year for at least 25 years. Some of the most popular dividend aristocrats that provide a passive income for investors include AT&T Inc. (NYSE:T), Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), AbbVie Inc. (NYSE:ABBV), and Realty Income Corporation (NYSE:O).

Investors are also engaged in buying dividend-related exchange-traded funds (ETFs), such as the ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL). The low-cost dividend aristocrat-related ETF has returned 25.64% in the past twelve months and has gained 16.12%, year to date. ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) tracks the full list of dividend aristocrats. On the other hand, iShares 7-10 Year Treasury Bond ETF (IEF) lost 4.5% year-to-date. We have been telling our subscribers that investing in a 60-40 portfolio (60% equities and 40% bonds) isn’t prudent anymore. The Federal Reserve has been manipulating the fixed income markets to stimulate the economy but that came at the expense of fixed income investors. Dividend stocks have been good alternatives to bonds. Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here).

That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Scott Graham on Unsplash

Without further ado, let’s take a look at the 10 best stocks for dividends.

Our Methodology

We listed the best stocks for dividends by filtering the ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) for dividend stocks that offer a yield of 3% or above. You’ll see that the majority of the stocks on our list are from industries with consistent growth, such as energy, healthcare, consumer cyclical, and real estate. Insider Monkey tracks the data of about 873 hedge funds, and we have also used this data to pick dividend stocks that are highly popular among hedge funds today.

For each stock we have mentioned its yield and the number of hedge funds holding a stake in it, ranking them from the lowest to the highest dividend yield. We also included analyst ratings for each company to help readers make more informed investment decisions.

Best Stocks for Dividends

10. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 62

Dividend Yield: 3.02%

We start our list of the 10 best stocks for dividends with The Coca-Cola Company (NYSE:KO). The Coca-Cola Company (NYSE:KO) has increased dividend payments for 59 consecutive years. The company currently pays an annualized dividend of $1.68 per share. The Georgia-based soft drink giant sells non-alcoholic beverages globally. The company also offers healthy teas and drinks under AdeS, Doğadan, and Ayataka brands.

On July 22, Truist analyst Bill Chappell maintained a Buy rating on The Coca-Cola Company (NYSE:KO) and increased his price target for the stock to $65 from $60, citing the company’s continued participation in the reopening of the economy.

The company has a market cap of $242 billion. In the second quarter of 2021, The Coca-Cola Company (NYSE:KO) reported an EPS of $0.68, beating estimates by $0.12. The company’s revenue for the quarter came in at $10.13 billion, an increase of 42% year over year, and beat revenue estimates by $823.1 million. The stock has gained 11.22% in the past twelve months.

At the end of the second quarter of 2021, 62 hedge funds in the database of Insider Monkey held stakes worth $24.96 billion in The Coca-Cola Company (NYSE:KO), up from 61 in the previous quarter worth $24.90 billion.

9. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 42

Dividend Yield: 3.21%

Industrial giant 3M Company (NYSE:MMM) ranks ninth on the list of 10 best stocks for dividends. The Minnesota-based industrial firm has increased dividends for the past 63 years and currently pays an annual dividend of $5.92 per share. 3M Company (NYSE:MMM) manufactures and sells personal safety products, medical and surgical supplies, home improvement products, and auto care products.

On July 27, shares of 3M Company (NYSE:MMM) rose 1.4% after the announcement of Q2 2021 results. The company also raised its forecast for 2021 from $9.20 to $9.70 EPS to $9.70 to $10.10 EPS. Total sales growth for 3M Company (NYSE: MMM) is expected to be in the range of 7% to 10%, up from 5% to 8% previously.

On July 28, Argus Research analyst John Eade kept a Buy rating on 3M Company (NYSE:MMM) and increased his price target for the stock to $225 from $220 previously.

The company has a market cap of $107 billion. In the second quarter of 2021, 3M Company (NYSE:MMM) reported an EPS of $2.59, beating estimates by $0.30. The company’s second-quarter revenue was $8.95 billion, an increase of 24.7% year over year, and beat revenue estimates by $371.24 million. The stock has gained 11.5% in the past twelve months and returned 6%, year to date.

At the end of the second quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $1.58 billion in 3M Company (NYSE:MMM), up from 61 in the previous quarter worth $1.51 billion.

8. Federal Realty Investment Trust (NYSE:FRT)

Number of Hedge Fund Holders: 16

Dividend Yield: 3.55%

Federal Realty Investment Trust (NYSE:FRT) ranks eighth on the list of 10 best stocks for dividends. The REIT based in Maryland has increased its quarterly dividend payment for 54 consecutive years and now pays an annualized dividend of $4.28 per share to its stockholders. Federal Realty Investment Trust (NYSE:FRT) owns and manages 105 real estate properties.

On September 1, Federal Realty Investment Trust (NYSE:FRT) was given an Overweight rating and a $133 price target by Barclays analyst Anthony Powell.

Shares of Federal Realty Investment Trust (NYSE:FRT) jumped 2.67% in the past day as the company announced the purchase of Twinbrooke Shopping Centre in Virginia, a 110,000-square-foot local grocery area, for $33.8 million on September 13.

The company has a market cap of $9.4 billion. In the second quarter of 2021, Federal Realty Investment Trust (NYSE:FRT) reported funds from operations (FFO) of $1.41 per share, beating estimates by $0.24. The company’s second-quarter revenue was $231 million, up from $176 million in the second quarter of 2020, and beat revenue estimates by $10.2 million. The stock has gained 56.71% in the past twelve months.

At the end of the second quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $86.7 million in Federal Realty Investment Trust (NYSE:FRT), the same in the previous quarter worth $43.2 million.

7. Leggett & Platt, Incorporated (NYSE:LEG)

Number of Hedge Fund Holders: 14

Dividend Yield: 3.56%

Leggett & Platt, Incorporated (NYSE:LEG) ranks seventh on the list of 10 best stocks for dividends. Leggett & Platt, Inc. (NYSE:LEG) has grown its dividend for the past 50 years and now pays a $1.68 per share of the annual dividend to shareholders. The Missouri-based company manufactures and sells home furnishings and fixture products.

The company has a market cap of $6.4 billion. In the second quarter of 2021, Leggett & Platt, Incorporated (NYSE:LEG) reported an EPS of $0.66, beating estimates by $0.12. The company’s second-quarter revenue was $1.27 billion, up from $845 million in the second quarter of 2020, and beat revenue estimates by $41.9 million. The stock has gained 7.23% in the previous year and returned 7.86%, year to date.

At the end of the second quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $106 million in Leggett & Platt, Incorporated (NYSE:LEG), down from 24 in the previous quarter worth $83.2 million.

Leggett & Platt, Incorporated (NYSE:LEG) together with AT&T Inc. (NYSE:T), Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), AbbVie Inc. (NYSE:ABBV), and Realty Income Corporation (NYSE:O), makes up a good dividend portfolio, according to market analysts.

6. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 41

Dividend Yield: 3.96%

Drug store chain Walgreens Boots Alliance, Inc. (NASDAQ:WBA) ranks sixth on the list of 10 best stocks for dividends. The Illinois-based drugstore has grown its dividend payment over the last 45 years, and now pays an annual dividend of $1.91 per share to its shareholders. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) owns and operates over 21,000 drugstores in over 25 countries.

On July 6, Barclays analyst Steve Valiquette maintained an Equal-Weight rating on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) with a price target of $53 per share.

The company has a market cap of $42.5 billion. In the third quarter of 2021, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported an EPS of $1.38 per share, beating estimates by $0.23. The company’s third-quarter revenue was $34.03 billion, up 12.1% year over year, and beat revenue estimates by $526.6 million. The stock has gained 41.7% in the past twelve months.

At the end of the second quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $1.11 billion in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), same in the previous quarter worth $1.13 billion.

Click to continue reading and see the 5 Best Stocks for Dividends.

5 Best Stocks for Dividends

Sat, 25 Sep 2021 16:52:14 +0200

In this article, we discuss the 5 best stocks for dividends. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks for Dividends.

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 23

Dividend Yield: 4.16%

Realty Income Corporation (NYSE:O) ranks fifth on the list of 10 best stocks for dividends. The company is one of the greatest dividend-paying REITs because it pays its shareholders monthly and has increased its dividend payout for the past 26 years. Realty Income Corporation (NYSE:O) pays an annual dividend of $2.83 per share. As of June 30, 2021, the San Diego-based REIT had a portfolio of 6,761 real estate properties throughout the United States, the United Kingdom, and Puerto Rico.

On August 24, Mizuho analyst Haendel St. Juste maintained a Buy rating on Realty Income Corporation (NYSE:O) and increased his price target for the stock to $81 from $77, noting that the company’s framework is well-positioned for growth.

The company has a market cap of $26.6 billion. In the second quarter of 2021, Realty Income Corporation (NYSE:O) reported funds from operations (FFO) of $0.88 per share, beating estimates by $0.01. The company’s revenue in the second quarter came in at $464.3 million, an increase of 12% year over year, and beat revenue estimates by $31.1 million.

At the end of the second quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $221 million in Realty Income Corporation (NYSE:O), up from 18 in the previous quarter worth $183 million.

10 Dividend Stocks for the Small-Cap Investor

Sat, 25 Sep 2021 16:22:18 +0200

In this article, we will be taking a look at 10 dividend stocks for the small-cap investor. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Dividend Stocks for the Small-Cap Investor.

Small-cap stocks are stocks of companies with market capitalizations valued at any number between $300 million to around $2 billion. These stocks offer a range of benefits to investors and have done so for decades, and we will be taking a look at some of these benefits below as well. And while regular stocks of renowned companies like PepsiCo, Inc. (NASDAQ: PEP), AT&T Inc. (NYSE: T), The Coca-Cola Company (NYSE: KO), and Chevron Corporation (NYSE: CVX) are also deemed notable investment options available today, the fact that small-cap stocks have managed to retain a degree of popularity among investor circles in 2021 makes it hard to ignore these investment vehicles anymore.

The first reason behind the popularity of these stocks among investors is their growth potential relative to large-cap stocks. These companies benefit from a larger room for growth, resulting in them often being able to outperform large-cap stocks. For instance, the Corporate Finance Institute has estimated that between 2000 and 2017, the S&P 600 and Russell 2000 Indices, both consisting of small-cap stocks, far outperformed the S&P 500 in terms of their returns. The Wall Street Journal has also mentioned that as of March 2021, small-cap stocks had been beating their large-cap counterparts. The year-to-date return for small-caps at the end of February was recorded to be 25% higher than the same for large-caps, for instance.

Investing has become difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETF by wide margins. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Artem Beliaikin on Unsplash

Without further ado, let’s take a look at the 10 dividend stocks for the small-cap investor.

Our Methodology

We have selected small-cap dividend stocks part of the Russell 2000 Index with dividend yields going up to 10%. Insider Monkey tracks the data of about 873 hedge funds, and we have also used this data to pick dividend stocks that are highly popular among hedge funds today. For each stock we have mentioned its yield and the number of hedge funds holding a stake in it, ranking them from the lowest to the highest dividend yield. Finally, we have used analysts’ ratings to determine which stocks are favorably placed in analyst and investor circles, picking stocks with mostly positive ratings and strong fundamentals.

Dividend Stocks for the Small-Cap Investor

10. Dime Community Bancshares, Inc. (NASDAQ: DCOM)

Number of Hedge Fund Holders: 12

Dividend Yield: 3%

Dime Community Bancshares, Inc. (NASDAQ: DCOM), a bank holding company, is based in Brooklyn, New York, and ranks 10th on our list of dividend stocks for the small-cap investor. The company was founded in 1864, and its subsidiaries include the Dime Community Bank and ESOP.

This May, Stephens upgraded shares of Dime Community Bancshares, Inc. (NASDAQ: DCOM) from Equal Weight to Overweight, alongside raising the price target on the stock from $35 to $38.50.

In the second quarter of 2021, Dime Community Bancshares, Inc. (NASDAQ: DCOM) had an EPS of $0.94. The company’s revenue was $122.8 million, up 136.4% year over year.

By the end of the second quarter of 2021, 12 hedge funds out of the 873 tracked by Insider Monkey held stakes in Dime Community Bancshares, Inc. (NASDAQ: DCOM) worth roughly $210 million. This is compared to 11 hedge funds in the previous quarter with a total stake value of approximately $186 million.

Like Pepsico, Inc. (NASDAQ: PEP), AT&T Inc. (NYSE: T), The Coca-Cola Company (NYSE: KO), and Chevron Corporation (NYSE: CVX), Dime Community Bancshares, Inc. (NASDAQ: DCOM) is a notable stock pick today.

9. Kite Realty Group Trust (NYSE: KRG)

Number of Hedge Fund Holders: 11

Dividend Yield: 3.4%

Kite Realty Group Trust (NYSE: KRG) is a full-service, vertically integrated real estate investment trust. The company offers convenient and beneficial shopping experiences and ranks 9th on our list of dividend stocks for the small-cap investor.

This September, Barclays began covering shares of Kite Realty Group Trust (NYSE: KRG) with an Overweight rating and a $27 price target.

In the second quarter of 2021, Kite Realty Group Trust (NYSE: KRG) had an FFO of $0.34, beating estimates by $0.02. The company’s revenue was $69.53 million, up 9.84% year over year and beating estimates by $2.28 million.

By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in Kite Realty Group Trust (NYSE: KRG) worth roughly $34.5 million. This is compared to 11 hedge funds in the previous quarter with a total stake value of approximately $47 million.

Like Pepsico, Inc. (NASDAQ: PEP), AT&T Inc. (NYSE: T), The Coca-Cola Company (NYSE: KO), and Chevron Corporation (NYSE: CVX), Kite Realty Group Trust (NYSE: KRG) is a notable stock pick today.

Bireme Capital, an investment management firm, mentioned Kite Realty Group Trust (NYSE: KRG) in its fourth-quarter 2020 investor letter. Here’s what they said:

“Since March we have increasingly tilted the long book towards stocks whose businesses will improve as the pandemic fades, a strategy we first discussed in our 1Q20 letter. Now that 2020 is — thankfully — over, let’s take a look back at some of our predictions from Q1.

Kite Realty Group (KRG) is a Real Estate Investment Trust that owns grocery-anchored strip malls. In Q1, we said:

“Unfortunately, COVID-19 has severely impacted service businesses, including restaurants, most of whom have been forced to close or reduce capacity. As a result, KRG stock fell as much as 63%, from $19 to $7… At $7 per share, KRG traded for an 18% dividend yield and an implied 12.3% capitalization rate, rare numbers in the real estate world outside of failing properties. We do not think KRG is failing. We do not think this is the last time that people will work out in gyms, sit down at restaurants, get their nails done, or pick up their dry cleaning. It is our view that most of these businesses will survive and eventually pay rent again, although there will likely be a 6-12 month period of shared pain between tenants, employees, landlords, banks, and taxpayers… As consumers slowly return to service businesses, we think KRG will return to trading at much higher prices.”

8. Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

Number of Hedge Fund Holders: 19

Dividend Yield: 3.6%

Big 5 Sporting Goods Corporation (NASDAQ: BGFV) is a sporting goods retailer operating in the Western US. The company offers a range of sports and fitness products like athletic shoes, apparel, and accessories, and ranks 8th on our list of dividend stocks for the small-cap investor.

This August, Lake Street reiterated a Buy rating on shares of Big 5 Sporting Goods Corporation (NASDAQ: BGFV), alongside raising the price target on the stock from $26 to $31.

In the second quarter of 2021, Big 5 Sporting Goods Corporation (NASDAQ: BGFV) had an EPS of $1.63, beating estimates by $0.55. The company’s revenue was $326.02 million, beating estimates by $34.37 million.

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in Big 5 Sporting Goods Corporation (NASDAQ: BGFV) worth roughly $43.2 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $27 million.

7. CompX International Inc. (NYSE: CIX)

Number of Hedge Fund Holders: 4

Dividend Yield: 3.7%

CompX International Inc. (NYSE: CIX) is a manufacturer and seller of security products and recreational marine components in North America. The company ranks 7th on our list of dividend stocks for the small-cap investor and operates through its Security Products and Marine Components segments.

By the end of the second quarter of 2021, 4 hedge funds out of the 873 tracked by Insider Monkey held stakes in CompX International Inc. (NYSE: CIX) worth roughly $12 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $12 million.

Like Pepsico, Inc. (NASDAQ: PEP), AT&T Inc. (NYSE: T), The Coca-Cola Company (NYSE: KO), and Chevron Corporation (NYSE: CVX), CompX International Inc. (NYSE: CIX) is a notable stock pick today.

6. Ethan Allen Interiors Inc. (NYSE: ETD)

Number of Hedge Fund Holders: 15

Dividend Yield: 4.2%

Ethan Allen Interiors Inc. (NYSE: ETD), an interior design company, manufactures and retails home furnishings in the US, Mexico, Honduras, and Canada. The company ranks 6th on our list of dividend stocks for the small-cap investor and operates through its Wholesale and Retail segments.

By the end of the second quarter of 2021, 15 hedge funds out of the 873 tracked by Insider Monkey held stakes in Ethan Allen Interiors Inc. (NYSE: ETD) worth roughly $46 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $45 million.

Click to continue reading and see the 5 Dividend Stocks for the Small-Cap Investor.

5 Dividend Stocks for the Small-Cap Investor

Sat, 25 Sep 2021 16:20:45 +0200

In this article, we will be taking a look at 5 dividend stocks for the small-cap investor. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks for the Small-Cap Investor.

5. TrustCo Bank Corp NY (NASDAQ: TRST)

Number of Hedge Fund Holders: 13
Dividend Yield: 4.3%

TrustCo Bank Corp NY (NASDAQ: TRST) is the holding company for Trustco Bank, which is a federal savings bank offering personal and business banking services to individuals, partnerships, and corporations. The company ranks 5th on our list of dividend stocks for the small-cap investor.

In the second quarter of 2021, TrustCo Bank Corp NY (NASDAQ: TRST) had an EPS of $0.75, beating estimates by $0.06. The company’s revenue was $44.81 million, up 9.01% year over year and beating estimates by $1.13 million.

By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in TrustCo Bank Corp NY (NASDAQ: TRST) worth roughly $27 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $31.3 million.

15 Best Short Squeeze Stocks To Buy Now

Sat, 25 Sep 2021 16:06:10 +0200

In this article, we discuss the 15 best short squeeze stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Short Squeeze Stocks To Buy Now.

The retail investor frenzy at the stock market and the short squeeze saga involving GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings, Inc. (NYSE: AMC) at the beginning of this year has resulted in a lot of interest in stocks with high short interest. The main battle, between retail investors and hedge funds, has resulted in billions of dollars in losses for hedge funds. Data from S3 Partners, a New York-based market intelligence firm, shows that GameStop short-sellers have lost $7.3 billion so far this year.

The losses for AMC short-sellers this year also stand close, clocking in at around $4.5 billion, the market intelligence firm estimates. A short squeeze happens when the share price of an equity rises unexpectedly and short-sellers, who have money riding on the stock to lose value, try to exit their short positions to limit losses. Some of the stocks with high short interest presently include Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT), among others.

The interaction hubs of retail investors, like social media platform Reddit, have sparked a lot of interest on Wall Street in recent months as hedge funds track Reddit forums to keep abreast of latest developments around stocks with high short interest. Financial services firm IHS Markit, in a study published earlier this year, revealed that the most-shorted stocks on the market in January this year outperformed the least-shorted ones by a factor of close to 24%. It seems like retail investors are slowly transforming overall market dynamics in their favor.

Our Methodology

With this context in mind, here is our list of the 15 best short squeeze stocks to buy now. The aim of the article is to provide a basic rundown of the companies most likely to be involved in a short squeeze in the coming weeks.

The list is ranked according to the number of hedge fund holders in each company. Data from the 873 funds tracked by Insider Monkey was used for this purpose. The short interest on each stock is also mentioned for further clarity.

Special importance was assigned to outlining the analyst ratings and business fundamentals for each firm to provide readers with some context so they can make more informed investment choices.

Best Short Squeeze Stocks To Buy Now

15. Greenidge Generation Holdings Inc. (NASDAQ:GREE)

Number of Hedge Fund Holders: N/A

Short Interest: N/A

Greenidge Generation Holdings Inc. (NASDAQ:GREE) is ranked fifteenth on our list of 15 best short squeeze stocks to buy now. The firm owns and operates Bitcoin mining facilities and is headquartered in New York.

Greenidge Generation Holdings Inc. (NASDAQ:GREE) has a market cap of more than $1 billion. The firm employs more than 14,000 miners. It also has interests in the utilities business – the company distributes electricity through a natural gas power generation facility.

Greenidge Generation Holdings Inc. (NASDAQ:GREE) recently completed a merger with Support.com but the stock plunged more than 50% in value on the day after the merger. The firm remains one of the most discussed stocks on Reddit forums over the past week.

Just like GameStop Corp. (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT), Greenidge Generation Holdings Inc. (NASDAQ:GREE) is one of the stocks with a high short interest.

14. SCWorx Corp. (NASDAQ:WORX)

Number of Hedge Fund Holders: N/A

Short Interest: 5.18%

SCWorx Corp. (NASDAQ:WORX) is a New York-based firm that provides software solutions to healthcare providers. It is placed fourteenth on our list of 15 best short squeeze stocks to buy now.

SCWorx Corp. (NASDAQ:WORX) has a market cap of more than $22 million and posted over $5 million in revenue last year. The 52-week price range of the stock lies between $1 and $5. The company was founded in 2012.

In July, the law firm of the former attorney general of Louisiana, Charles Foti, announced that it had begun an investigation to identify irregularities into a COVID-19 testing kits purchase order that SCWorx Corp. (NASDAQ:WORX) said it inked with Rethink My Healthcare in April 2020.

13. Sphere 3D Corp. (NASDAQ:ANY)

Number of Hedge Fund Holders: 2

Short Interest: 2.74%

Sphere 3D Corp. (NASDAQ:ANY) is ranked thirteenth on our list of 15 best short squeeze stocks to buy now. The firm provides data management and application solutions. It is headquartered in Canada.

In earnings results for the second quarter, posted on August 17, Sphere 3D Corp. (NASDAQ:ANY) reported earnings per share of -$0.19 and a revenue of $0.8 million, nearly identical to the revenue over the same period last year.

At the end of the second quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $435,000 in Sphere 3D Corp. (NASDAQ:ANY), down from 1 in the preceding quarter worth 379,000.

Along with GameStop Corp. (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT), Sphere 3D Corp. (NASDAQ:ANY) is one of the stocks attracting the interest of short-sellers.

12. BIT Mining Limited (NYSE:BTCM)

Number of Hedge Fund Holders: 4

Short Interest: 12.83%

BIT Mining Limited (NYSE:BTCM) is placed twelfth on our list of 15 best short squeeze stocks to buy now. The firm engages in cryptocurrency mining operations and is headquartered in Hong Kong.

On August 17, BIT Mining Limited (NYSE:BTCM) posted earnings results for the second quarter, reporting earnings per share of $0.03 and a revenue of $445 million, up from $516,000 over the same period last year.

At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $1.4 million in BIT Mining Limited (NYSE:BTCM).

11. Beam Global (NASDAQ:BEEM)

Number of Hedge Fund Holders: 5

Short Interest: 34.82%

Beam Global (NASDAQ:BEEM) is a California-based company that makes and sells renewable energy products. It is ranked eleventh on our list of 15 best short squeeze stocks to buy now.

On August 13, investment advisory BTIG maintained a Buy rating on Beam Global (NASDAQ:BEEM) stock but lowered the price target to $42 from $50, noting that material costs for the firm were drawing on the margins.

At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $5 million in Beam Global (NASDAQ:BEEM), down from 7 in the previous quarter worth $17 million.

Along with GameStop Corp. (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT), Beam Global (NASDAQ:BEEM) is one of the stocks that might undergo a short squeeze.

10. Vinco Ventures, Inc. (NASDAQ:BBIG)

Number of Hedge Fund Holders: 5

Short Interest: 21.52%

Vinco Ventures, Inc. (NASDAQ:BBIG) is a Pennsylvania-based consumer products research and development firm. It is placed tenth on our list of 15 best short squeeze stocks to buy now.

In earnings results for the second quarter, posted on August 23, Vinco Ventures, Inc. (NASDAQ:BBIG) reported earnings per share of -$5.13 and a revenue of $2.6 million, down 48% compared to the revenue over the same period last year.

At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $3.2 million in Vinco Ventures, Inc. (NASDAQ:BBIG), up from 1 in the previous quarter worth $59,000.

9. Prelude Therapeutics Incorporated (NASDAQ:PRLD)

Number of Hedge Fund Holders: 6

Short Interest: 35.57%

Prelude Therapeutics Incorporated (NASDAQ:PRLD) is placed ninth on our list of 15 best short squeeze stocks to buy now. The company operates as a clinical-stage precision oncology firm and is headquartered in Delaware.

On July 27, investment advisory Bank of America upgraded Prelude Therapeutics Incorporated (NASDAQ:PRLD) stock to Buy from Neutral with a price target of $60, noting that the valuation of the firm offered an attractive buying opportunity for investors.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $866 million in Prelude Therapeutics Incorporated (NASDAQ:PRLD), down from 7 in the previous quarter worth $1.3 billion.

GameStop Corp. (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) are some of the stocks that short sellers have their eye on, alongside Prelude Therapeutics Incorporated (NASDAQ:PRLD).

8. Tattooed Chef, Inc. (NASDAQ:TTCF)

Number of Hedge Fund Holders: 7

Short Interest: 36.09%

Tattooed Chef, Inc. (NASDAQ:TTCF) is a California-based company that produces and sells plant-based food products. It is ranked eighth on our list of 15 best short squeeze stocks to buy now.

In earnings results for the second quarter, posted on August 12, Tattooed Chef, Inc. (NASDAQ:TTCF) reported earnings per share of -$0.65 and a revenue of more than $50 million, missing analyst estimates by $3 million but up 45% year-on-year.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $38 million in Tattooed Chef, Inc. (NASDAQ: TTCF), down from 10 in the preceding quarter worth $58 million.

7. Blink Charging Co. (NASDAQ:BLNK)

Number of Hedge Fund Holders: 7

Short Interest: 35.83%

Blink Charging Co. (NASDAQ:BLNK) is a Florida-based company that provides electric vehicle charging equipment and related services. It is placed seventh on our list of 15 best short squeeze stocks to buy now.

On August 26, investment advisory DA Davidson initiated coverage of Blink Charging Co. (NASDAQ:BLNK) stock with a Neutral rating and a price target of $31, noting that the firm offered industry-leading charging speeds.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $14 million in Blink Charging Co. (NASDAQ:BLNK), down from 12 in the previous quarter worth $40 million.

GameStop Corp. (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), Katapult Holdings, Inc. (NASDAQ:KPLT), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) are some of the high short interest stocks, just like Blink Charging Co. (NASDAQ:BLNK).

6. Aterian, Inc. (NASDAQ:ATER)

Number of Hedge Fund Holders: 8

Short Interest: 29.03%

Aterian, Inc. (NASDAQ:ATER) is ranked sixth on our list of 15 best short squeeze stocks to buy now. The firm operates as a tech-enabled consumer goods company and is headquartered in New York.

On August 9, investment advisory BTIG reiterated a Buy rating on Aterian, Inc. (NASDAQ:ATER) stock but lowered the price target to $10 from $36, underlining that soaring container ship prices had affected the top and bottom lines of the firm.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Hudson Bay Capital Management is a leading shareholder in Aterian, Inc. (NASDAQ:ATER) with 97,979 shares worth more than $1.4 million.

Click to continue reading and see 5 Best Short Squeeze Stocks To Buy Now.

5 Best Short Squeeze Stocks To Buy Now

Sat, 25 Sep 2021 16:03:32 +0200

In this article, we discuss the 5 best short squeeze stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 15 Best Short Squeeze Stocks To Buy Now.

5. Nikola Corporation (NASDAQ:NKLA)

Number of Hedge Fund Holders: 12

Short Interest: 35.91%

Nikola Corporation (NASDAQ:NKLA) is placed fifth on our list of 15 best short squeeze stocks to buy now. The firm engages in the development and integration of transportation and energy solutions. It operates from Arizona.

On September 9, investment advisory JPMorgan maintained a Neutral rating on Nikola Corporation (NASDAQ:NKLA) stock but lowered the price target to $12 from $21, noting that demand for EV trucks may hold back in the near-term due to range and payload problems.

Out of the hedge funds being tracked by Insider Monkey, San Francisco-based firm Inclusive Capital is a leading shareholder in Nikola Corporation (NASDAQ:NKLA) with 10 million shares worth more than $185 million.

In its Q4 2020 investor letter, Bireme Capital, an asset management firm, highlighted a few stocks and Nikola Corporation (NASDAQ:NKLA) was one of them. Here is what the fund said:

“Nikola Corporation (NKLA) is a poor-man’s facsimile of Tesla. Even the name is a blatant ripo: both are named aer the inventor Nikola Tesla. NKLA is a pre-revenue company founded in 2014 that has yet to bring a product to market, despite the promotion of a dizzying array of concepts:

Nikola Badger: pickup with both fuel-cell and electric variants

Nikola One: fuel-cell commercial semi-truck

Nikola Two: fuel-cell commercial semi-truck

Nikola Tre: electric commercial semi-truck

Nikola NZT: electric four-wheel drive utility vehicle

Nikola Reckless: electric military grade o-highway vehicle

Nikola WAV: electric watersports vehicle

As far as we can tell from their latest investor communications, only the Nikola Tre Commercial semitruck is still in development.

As far as we can tell from their latest investor communications, only the Nikola Tre Commercial semitruck is still in development. NKLA’s history is full of deception and vaporware. They showed a video of the Nikola One in motion; they later admitted that it didn’t work and was just rolling down a hill. NKA’s founder Trevor Milton resigned in disgrace aer Hindenburg Research published a report calling NKLA an “intricate fraud.” NKLA is currently under investigation by both the SEC and DoJ. Partnerships with GM, Republic Services and BP have been canceled. Nevertheless, the company sports an $8b market cap, because “electric vehicles.” Though pretenders are particularly ubiquitous in the bubbly EV industry, pretenders are to be found in many other industries as well.”

Why These 10 Stocks Are Moving on Friday

Fri, 24 Sep 2021 22:26:58 +0200

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are Moving on Friday.

It’s the end of the trading week and Pinduoduo Inc. (NASDAQ:PDD), Baidu, Inc. (NASDAQ:BIDU), Vail Resorts, Inc. (NYSE:MTN), Tesla, Inc. (NASDAQ:TSLA), Moderna, Inc. (NASDAQ:MRNA), salesforce.com, inc. (NYSE:CRM), and Micron Technology, Inc. (NASDAQ:MU) have each shown some notable activity. Let’s examine why each stock moved and how elite funds are positioned among them.

10. Vail Resorts, Inc. (NYSE:MTN) shares have surged more than 6% after the company reported fiscal 2021 results. For the fiscal year, net income attributable to Vail Resorts, Inc. (NYSE:MTN) was $127.9 million, an increase of 29.4% compared to fiscal 2020. Vail Resorts, Inc. (NYSE:MTN) CEO Rob Katz said, “As we head into fiscal 2022, we are encouraged by the robust demand from our guests, the strength of our advance commitment product sales and our continued focus on enhancing the guest experience while maintaining our cost discipline. Our guidance for net income attributable to Vail Resorts, Inc. is estimated to be between $278 million and $349 million for fiscal 2022.” Vail Resorts, Inc. (NYSE:MTN) shares are up almost 30% year to date.

Of the around 873 elite funds in our database, 40 were long Vail Resorts, Inc. (NYSE:MTN) at the end of the second quarter.

9. Tesla, Inc. (NASDAQ:TSLA) shares are up 2.3% after after CEO Elon Musk said, “There’s a lot of chip fabrication plants that are being built and I think we will have good capacity by next year.” Chip shortages have been a problem for many automakers. With more capacity, the chip shortage could be a short term one. Tesla, Inc. (NASDAQ:TSLA) shares are up 5.6% year to date so far. Catherine D. Wood‘s ARK Investment Management owned more than 5.4 million shares in Tesla, Inc. (NASDAQ:TSLA) at the end of June.

8. Moderna, Inc. (NASDAQ:MRNA) shares are off 4.8% likely due to profit taking. Shares of the stock are up 287% year to date and expectations for added demand from future potential boosters may have been higher than what it seems now. Given that Pfizer boosters haven’t been recommended for everyone (at least as of right now), expectations for future potential Moderna, Inc. (NASDAQ:MRNA) boosters might not be as high as previously expected. Whether that will change in the future depends on what health officials decide. Their recommendation can change given new data. Of the around 873 elite funds in our database, 37 were long Moderna, Inc. (NASDAQ:MRNA) at the end of the second quarter.

7. salesforce.com, inc. (NYSE:CRM) is up almost 3% after Kirk Materne of Evercore ISI raised his price target to $375 from $325. The analyst also has an ‘Outperform’ rating. Other analysts have also raised their price targets on salesforce.com, inc. (NYSE:CRM) recently as well. salesforce.com, inc. (NYSE:CRM) shares are up almost 30% year to date. Ken Fisher‘s Fisher Asset Management was long more than 13.4 million shares in salesforce.com, inc. (NYSE:CRM) at the end of June.

6. Micron Technology, Inc. (NASDAQ:MU) is on watch after Harlan Sur of JPMorgan lowered his price target to $100 from $140 on Micron due to DRAM pricing softness. Although Micron Technology, Inc. (NASDAQ:MU) initially opened in the red, its shares have bounced back and are now up 0.1%. Sur still has an ‘Overweight’ rating on Micron Technology, Inc. (NASDAQ:MU).

Micron Technology, Inc. (NASDAQ:MU)’s stock performance is near flat year to date. Of the around 873 elite funds in our database, 87 were long Micron Technology, Inc. (NASDAQ:MU) at the end of the second quarter.

Like Vail Resorts, Inc. (NYSE:MTN), Tesla, Inc. (NASDAQ:TSLA), Moderna, Inc. (NASDAQ:MRNA), salesforce.com, inc. (NYSE:CRM), and Micron Technology, Inc. (NASDAQ:MU), Pinduoduo Inc. (NASDAQ:PDD), and Baidu, Inc. (NASDAQ:BIDU) are on the move.

Click to continue reading and see Why These 5 Stocks Are Moving on Friday.

Why These 5 Stocks Are Moving on Friday

Fri, 24 Sep 2021 22:17:10 +0200

In this article we take a look at five stocks that are moving on Friday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Moving on Friday.

5. Pinduoduo Inc. (NASDAQ:PDD) is off 3.7% due to continued caution around the Chinese tech sector and the weakness in Alibaba. Given Alibaba and Pinduoduo Inc. (NASDAQ:PDD) are in the same sector, Pinduoduo Inc. (NASDAQ:PDD) is affected by many of the same factors as Alibaba with government regulation remaining a headwind.
Of the around 873 elite funds in our database, 49 were long Pinduoduo Inc. (NASDAQ:PDD) at the end of Q2.

Hedge Fund and Insider Trading News: GoldenTree Asset Management, Third Point LLC, HITE, Mountain Province Diamonds, Inc. (MPVDF), ComSovereign Holding Corp (COMS), and More

Fri, 24 Sep 2021 19:38:53 +0200

Former GoldenTree Partner De Chillaz to Launch Credit Hedge Fund (Bloomberg)
Pierre de Chillaz, a former partner at GoldenTree Asset Management, is preparing to start his own hedge fund, joining a growing list of startups as investors return to the industry. The money manager, who is setting up Eicos Investment Group in London, met with investors this week to raise capital, according to an investor document seen by Bloomberg. The long-biased fund will bet on European credit markets and start trading in the first quarter of next year. It’s not clear how much Eicos will raise at this stage.

Third Point Boosts SentinelOne Stake (Institutional Investor)
The cybersecurity company is now the hedge fund’s largest common stock long position. Third Point continues to add to its position in one of its top performers and one of its most successful private investments.The multistrategy hedge fund firm headed by Dan Loeb disclosed in a new regulatory filing that on July 14, it acquired 29,289 Class A shares of cybersecurity company SentinelOne….

Crypto Funds Trade in Coins That Are Under SEC Scrutiny (The Wall Street Journal)
WASHINGTON — Asset managers are offering funds that invest in cryptocurrencies whose legal viability has been questioned by regulators, underscoring the risks investors are taking to try to benefit from the sector’s rapid growth. Grayscale Investments, which calls itself the world’s largest digital-currency asset manager, launched a fund two months ago that invests in tokens tied to crypto-trading platforms including Uniswap and SushiSwap. Wealthier U.S. investors are eligible to buy the Grayscale Decentralized Finance (DeFi) Fund’s shares, which don’t freely trade now but could in the future, according to the company.

Pressmaster/Shutterstock.com

Institutional Investors Stay Cautious on Crypto, as Hedge Funds Ride Bitcoin Volatility (Hedge Week)
As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. Alternatives-focused software-as-a-service and data management firm Vidrio Financial surveyed global allocators and LPs – collectively representing more than USD100 billion in alternatives assets under management in the US and Europe – on their crypto investment plans.

HITE Hedge Fund Bets Oil Just Saw ‘Biggest Dead-Cat Bounce’ (Bloomberg)
When it comes to being skeptical about oil stocks, few are more bearish than James Jampel. Jampel manages HITE Carbon Offset, a $187 million hedge fund with short-selling fossil-fuel assets as its central focus. The fund returned almost 30% last year when the the S&P 500 Energy Index, which includes Exxon Mobil Corp., Chevron Corp. and ConocoPhillips, dropped 35%. This year, the fund was down about 9% at the end of July, compared with the energy index’s 33% increase in the same period.

10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

Fri, 24 Sep 2021 19:23:40 +0200

In this article, we discuss 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. If you want to skip our detailed analysis of Parekh’s history, investment philosophy, and hedge fund performance, go directly to the 5 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group.

In 2008, Anand Parekh founded Alyeska Investment Group. He is a hedge fund manager based in Chicago who caters to a neutral strategy, applying both long and short term positions. Up till 2002, Parekh used to work at Deutsche Bank and later became the global head of equities at Citadel Investment Group. His degree is in the fields of Mathematics and English from University of Michigan.

Some of the main sectors the Alyeska Investment Group invests in include Services, Technology, Healthcare, Financials, and Consumer Goods. The hedge fund’s 13F portfolio has over $8.49 billion in managed securities, as of the second quarter.

Some of the top stocks in the investment portfolio of Alyeska Investment Group at the end of the second quarter of 2021 were Mastercard Incorporated (NYSE: MA), Morgan Stanley (NYSE: MS), Adobe Inc. (NASDAQ: ADBE), and FedEx Corporation (NYSE: FDX), among others discussed in detail below. The top five holdings comprise around 7.9% of the portfolio. The total value of the holdings is up $746 million (1.13%) when compared to the first quarter of the year.

Photo by Dimitris Chapsoulas on Unsplash

Our Methodology

With this context in mind, here is our list of 10 large-cap (market capitalization of over $10 billion) stocks to buy according to Anand Parekh’s Alyeska Investment Group. Although these stocks were listed according to the investment portfolio of Anand Parekh’s Alyeska Investment Group at the end of the second quarter of 2021, the basic business fundamentals and analyst ratings for each are discussed alongside other details about the companies to provide potential investors with deeper insight so they can make more informed investment decisions. Data from the 873 hedge funds tracked by Insider Monkey was also used to gauge hedge fund sentiment around each stock.

10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

10. Spotify Technology S.A. (NYSE: SPOT)

Alyeska Investment Group’s Stake Value: $31.69 million

Percentage of Alyeska Investment Group’s 13F Portfolio: 0.37%

Number of Hedge Fund Holders: 48

Incorporated in 2006 and located in Luxembourg, Luxembourg, Spotify Technology S.A. (NYSE: SPOT) ranks 10th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Spotify Technology S.A. (NYSE: SPOT) focuses on audio streaming solutions internationally. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 115,000 shares in the firm at the end of June 2021 that are worth $31.69 million, representing 0.37% of the portfolio. The fund initiated a new position in the virtual music platform in the second quarter of 2021.

On September 7th, with a price target of $340, KeyBanc gave Spotify Technology S.A. (NYSE: SPOT) an Overweight rating. The second quarter revenue of Spotify Technology S.A. (NYSE: SPOT) was $2.76 billion compared to the first quarter’s $2.52 billion. The second quarter’s EPS was $-0.12, compared to the estimated $-0.49.

As of the second quarter, 48 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.

Like Mastercard Incorporated (NYSE: MA), Morgan Stanley (NYSE: MS), Adobe Inc. (NASDAQ: ADBE), and FedEx Corporation (NYSE: FDX), Spotify Technology S.A. (NYSE: SPOT) is one of the notable stocks gaining hedge funds’ attention in 2021.

9. Activision Blizzard, Inc. (NASDAQ: ATVI)

Alyeska Investment Group’s Stake Value: $3.4 million

Percentage of Alyeska Investment Group’s 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 78

Ranking 9th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, Activision Blizzard, Inc. (NASDAQ: ATVI) is the biggest American video game developer, known for Overwatch, Call of Duty, Hearthstone, World of Warcraft, Diablo, and Candy Crush. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 35,675 shares in the firm at the end of June 2021 that are worth $3.4 million, representing 0.04% of the portfolio. Alyeska Investment Group dropped investment in the gaming group by 94% compared to the first quarter of 2021.

On August 13th, Citi set Activision Blizzard, Inc. (NASDAQ: ATVI)’s target price to $105 with a Buy rating. With a stock price of $79.56, the price dipped 13.93% in the last 6 months. The second quarter revenue of Activision Blizzard, Inc. (NASDAQ: ATVI) was $2.3 billion compared to the first quarter’s $2.28 billion. The second quarter’s EPS was $0.91, compared to the estimated $0.75.

As of the second quarter, 78 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.

8. McDonald’s Corporation (NYSE: MCD)

Alyeska Investment Group’s Stake Value: $39.5 million

Percentage of Alyeska Investment Group’s 13F Portfolio: 0.46%

Number of Hedge Fund Holders: 66

Established in 1940 and headquartered in Chicago, Illinois, McDonald’s Corporation (NYSE: MCD) ranks 8th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. McDonald’s Corporation (NYSE: MCD) is a restaurant, famous for its Big Mac burger. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 170,789 shares in the firm at the end of June 2021 that are worth $39.5 million, representing 0.46% of the portfolio. The fund initiated a new position in the fast-food joint in the second quarter of 2021.

On July 29th, Wedbush elevated McDonald’s Corporation (NYSE: MCD)’s target price from $265 to $270 with an Outperform rating.

As of the second quarter, 66 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.

Like Mastercard Incorporated (NYSE: MA), Morgan Stanley (NYSE: MS), Adobe Inc. (NASDAQ: ADBE), and FedEx Corporation (NYSE: FDX), McDonald’s Corporation (NYSE: MCD) is one of the notable stocks gaining hedge funds’ attention in 2021.

7. Dell Technologies Inc. (NYSE: DELL)

Alyeska Investment Group’s Stake Value: $31.25 million

Percentage of Alyeska Investment Group’s 13F Portfolio: 0.36%

Number of Hedge Fund Holders: 62

Ranking 7th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, Dell Technologies Inc. (NYSE: DELL) is an information technology solutions, hardware, and services company. Dell Technologies Inc. (NYSE: DELL) was incorporated in 1984 and is based in Round Rock, Texas. The latest filings by Alyeska Investment Group reveal that the hedge fund owned 313,555 shares in the firm at the end of June 2021 that are worth $31.25 million, representing 0.36% of the portfolio. The fund initiated a new position in the computing company in the second quarter of 2021.

On September 17th, Morgan Stanley set Dell Technologies Inc. (NYSE: DELL)’s target price at $133 with an Overweight rating.

In addition to Mastercard Incorporated (NYSE: MA), Morgan Stanley (NYSE: MS), Adobe Inc. (NASDAQ: ADBE), and FedEx Corporation (NYSE: FDX), hedge funds are paying attention to Dell Technologies Inc. (NYSE: DELL) amid the company’s long-term growth potential.

6. Airbnb, Inc. (NASDAQ: ABNB)

Alyeska Investment Group’s Stake Value: $20.9 million

Percentage of Alyeska Investment Group’s 13F Portfolio: 0.24%

Number of Hedge Fund Holders: 58

Formed in 2007 and rooted in San Francisco, California, Airbnb, Inc. (NASDAQ: ABNB) ranks 6th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Airbnb, Inc. (NASDAQ: ABNB) connects tourists to lodging using its online platform. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 136,500 shares in the firm at the end of June 2021 that are worth $20.9 million, representing 0.24% of the portfolio. The fund initiated a new position in the travel firm in the second quarter of 2021.

On August 17th, Citi boosted Airbnb, Inc. (NASDAQ: ABNB)’s target price from $149 to $152 with a Neutral rating.

As of the second quarter, 58 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $2.7 billion versus 52 hedge funds with $2.4 billion worth of stakes in the previous quarter. With a stake of $526.6 million, Ken Griffin is the company’s biggest stakeholder.

Like Mastercard Incorporated (NYSE: MA), Morgan Stanley (NYSE: MS), Adobe Inc. (NASDAQ: ADBE), and FedEx Corporation (NYSE: FDX), Airbnb, Inc. (NASDAQ: ABNB) is one of the notable stocks gaining hedge funds’ attention in 2021.

Click to continue reading and see the top 5 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group.

Harding Loevner Global Equity Fund’s Q2 2021 Investor Letter

Fri, 24 Sep 2021 19:20:12 +0200

Harding Loevner, an investment management firm, published its “Global Equity Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.70% was recorded by the fund for the Q2 of 2021, beating its Benchmark, the MSCI World Index, which returned 7.89% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.

5 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

Fri, 24 Sep 2021 19:19:37 +0200

In this article, we discuss the top 5 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. If you want to read our detailed analysis of Parekh’s history, and hedge fund performance, go directly to the 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group.

5. NIKE, Inc. (NYSE:NKE)

Alyeska Investment Group’s Stake Value: $67.8 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.79%
Number of Hedge Fund Holders: 67

Ranking 5th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, NIKE, Inc. (NYSE: NKE) centers around the sports shoes and equipment market internationally. NIKE, Inc. (NYSE: NKE) was inaugurated in 1964 and is based in Beaverton, Oregon. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 438,610 shares in the firm at the end of June 2021 that are worth $67.8 million, representing 0.79% of the portfolio. The fund initiated a new position in the footwear brand in the second quarter of 2021.

On July 23rd, Oppenheimer increased NIKE, Inc. (NYSE: NKE)’s target price from $150 to $195 with an Outperform rating. With a stock price of $156.42, the price went up by 8.01% in the last 6 months. The second quarter revenue of NIKE, Inc. (NYSE: NKE) was $11.2 billion compared to the first quarter’s $10.6 billion. The second quarter’s EPS was $0.78, compared to the estimated $0.62.

As of the second quarter, 67 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $6.4 billion versus 78 hedge funds with $5.2 billion worth of stakes in the previous quarter. With a stake of $1.35 billion, Terry Smith is the company’s biggest stakeholder.

Harding Loevner Emerging Markets Equity Fund’s Q2 2021 Investor Letter

Fri, 24 Sep 2021 19:19:03 +0200

Harding Loevner, an investment management firm, published its “Emerging Markets Equity Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.62% was recorded by the fund for the Q2 of 2021, above the 5.12% return of the MSCI Emerging Markets Index for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.

Is GoodRx Holdings (GDRX) A Smart Long-Term Buy?

Fri, 24 Sep 2021 19:17:54 +0200

Saga Partners, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 7.5% was recorded by the fund for the Q2 of 2021, compared to the overall increase for the S&P 500 Index, including dividends, of 15.3%. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q2 2021 investor letter of Saga Partners, the fund mentioned GoodRx Holdings, Inc. (NASDAQ: GDRX) and discussed its stance on the firm. GoodRx Holdings, Inc. is a Santa Monica, California-based healthcare company with a $17.4 billion market capitalization. GDRX delivered a 10.57% return since the beginning of the year, while its 12-month returns are down by -14.29%. The stock closed at $46.33 per share on September 23, 2021.

Here is what Saga Partners has to say about GoodRx Holdings, Inc. in its Q2 2021 investor letter:

“The Saga Portfolio first bought GoodRx at the end of 2020 and has added to it throughout 2021. As it has become a larger position in the Portfolio, it makes sense to explain the investment thesis in more detail.

For those who don’t care to understand the prescription drug value chain, feel free to skip over this section. While few readers may really care about the fairly complicated prescription drug value chain, it is important to review in order to understand the role that GoodRx plays within the ecosystem. This is my best attempt in trying to explain it in a few paragraphs.

Like many other parts of the U.S. healthcare system, prescription drugs suffer from complex and non-transparent pricing with access largely controlled by health plan payers. The majority of people in the U.S. have insurance provided by either their employer or a government program such as Medicare or Medicaid. Consumers largely rely on third parties to determine which drugs are covered by their health plan, and therefore which drugs may or may not be affordable.

Pharmacy benefit managers (PBMs) play a significant role and sit in the middle of three different parties. They are the intermediary between health insurers, pharmacies, and drug manufacturers. Health insurers hire PBMs to manage prescription drug plans for their covered population. PBMs negotiate on behalf of the health insurer with pharmacies. Pharmacies enter pricing contracts with PBMs in an effort to drive more demand to the store…” (Click here to see the full text)

national-cancer-institute–Ln-tYivJM4-unsplash

Based on our calculations, GoodRx Holdings, Inc. (NASDAQ: GDRX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GDRX was in 28 hedge fund portfolios at the end of the first half of 2021, compared to 24 funds in the previous quarter. GoodRx Holdings, Inc. (NASDAQ: GDRX) delivered a 19.55% return in the past 3 months.

Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest-growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.

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Disclosure: None. This article is originally published at Insider Monkey.

Should You Think About Investing in The Joint Corp. (JYNT)?

Fri, 24 Sep 2021 19:16:41 +0200

Artko Capital LP, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 0.5% was delivered by the fund for the second quarter of 2021, underperforming the S&P 500 Index, the Russell 2000, and Russell Microcap Index, which delivered an 8.6%, 4.3%, and 4.1% return respectively for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q2 2021 investor letter of Artko Capital, the fund mentioned The Joint Corp. (NASDAQ: JYNT) and discussed its stance on the firm. The Joint Corp. is a Scottsdale, Arizona-based chiropractic clinic franchisor with a $1.5 billion market capitalization. JYNT delivered a 303.18% return since the beginning of the year, while its 12-month returns are up by 538.95%. The stock closed at $102.26 per share on September 22, 2021.

Here is what Artko Capital has to say about The Joint Corp. in its Q2 2021 investor letter:

“Two poignant examples in recent years have been our investments, one is in Joint Chiropractic (JYNT). Both of the investments have worked out fantastically for our partners with 300% plus return for each, however, our experience and our risk process where we take off at least 5% of portfolio gains when a position reaches 15% of the portfolio has limited our potential, as has limiting our vision for potential gains in 100s of percent instead of a 1000+ (as been the case with JYNT). Additionally, following this risk management model has resulted in some minor tax inefficiencies for the partnership. “

Tyler Olson/Shutterstock.com

Based on our calculations, The Joint Corp. (NASDAQ: JYNT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. JYNT was in 22 hedge fund portfolios at the end of the first half of 2021, compared to 21 funds in the previous quarter. The Joint Corp. (NASDAQ: JYNT) delivered a 28.44% return in the past 3 months.

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Disclosure: None. This article is originally published at Insider Monkey.

Is HireQuest (HQI) A Great Buy?

Fri, 24 Sep 2021 19:15:22 +0200

In the Q2 2021 investor letter of Artko Capital, the fund mentioned HireQuest, Inc. (NASDAQ: HQI) and discussed its stance on the firm. HireQuest, Inc. is a South Carolina-based staffing services provider with a $262.9 million market capitalization. HQI delivered an 88.74% return since the beginning of the year, while its 12-month returns are up by 147.18%. The stock closed at $18.48 per share on September 22, 2021.

Here is what Artko Capital has to say about HireQuest, Inc. in its Q2 2021 investor letter:

“Two poignant examples in recent years have been our investments, one in HireQuest (HQI). Both of these investments have worked out fantastically for our partners with 300% plus return for each, however, our experience and our risk process where we take off at least 5% of portfolio gains when a position reaches 15% of the portfolio has limited our potential, as has limiting our vision for potential gains in 100s of percent instead of a 1000+. Additionally, following this risk management model has resulted in some minor tax inefficiencies for the partnership.”

Based on our calculations, HireQuest, Inc. (NASDAQ: HQI) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. HQI was in 2 hedge fund portfolios at the end of the first half of 2021, compared to 3 funds in the previous quarter. HireQuest, Inc. (NASDAQ: HQI) delivered a -15.03% return in the past 3 months.

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Disclosure: None. This article is originally published at Insider Monkey.

Insider Monkey

Why These 10 Tech Stocks Moved This Week

Why These 5 Tech Stocks Moved This Week

Hedge Funds are Selling Microsoft (MSFT) and Buying These 10 Tech Stocks Instead

Hedge Funds are Selling Microsoft and Buying These Tech Stocks Instead

10. Workday, Inc. (NASDAQ:WDAY)

9. JD.com, Inc. (NASDAQ:JD)

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

7. Square, Inc. (NYSE:SQ)

6. Sea Limited (NYSE:SE)

Hedge Funds are Selling Microsoft and Buying These 5 Tech Stocks Instead

5. Salesforce.com, Inc. (NYSE:CRM)

10 Best Stocks for Dividends

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10. The Coca-Cola Company (NYSE:KO)

9. 3M Company (NYSE:MMM)

8. Federal Realty Investment Trust (NYSE:FRT)

7. Leggett & Platt, Incorporated (NYSE:LEG)

6. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

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5. Realty Income Corporation (NYSE:O)

10 Dividend Stocks for the Small-Cap Investor

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10. Dime Community Bancshares, Inc. (NASDAQ: DCOM)

9. Kite Realty Group Trust (NYSE: KRG)

8. Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

7. CompX International Inc. (NYSE: CIX)

6. Ethan Allen Interiors Inc. (NYSE: ETD)

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5. TrustCo Bank Corp NY (NASDAQ: TRST)

15 Best Short Squeeze Stocks To Buy Now

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15. Greenidge Generation Holdings Inc. (NASDAQ:GREE)

14. SCWorx Corp. (NASDAQ:WORX)

13. Sphere 3D Corp. (NASDAQ:ANY)

12. BIT Mining Limited (NYSE:BTCM)

11. Beam Global (NASDAQ:BEEM)

10. Vinco Ventures, Inc. (NASDAQ:BBIG)

9. Prelude Therapeutics Incorporated (NASDAQ:PRLD)

8. Tattooed Chef, Inc. (NASDAQ:TTCF)

7. Blink Charging Co. (NASDAQ:BLNK)

6. Aterian, Inc. (NASDAQ:ATER)

5 Best Short Squeeze Stocks To Buy Now

5. Nikola Corporation (NASDAQ:NKLA)

Why These 10 Stocks Are Moving on Friday

Why These 5 Stocks Are Moving on Friday

Hedge Fund and Insider Trading News: GoldenTree Asset Management, Third Point LLC, HITE, Mountain Province Diamonds, Inc. (MPVDF), ComSovereign Holding Corp (COMS), and More

10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

10. Spotify Technology S.A. (NYSE: SPOT)

9. Activision Blizzard, Inc. (NASDAQ: ATVI)

8. McDonald’s Corporation (NYSE: MCD)

7. Dell Technologies Inc. (NYSE: DELL)

6. Airbnb, Inc. (NASDAQ: ABNB)

Harding Loevner Global Equity Fund’s Q2 2021 Investor Letter

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5. NIKE, Inc. (NYSE:NKE)

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Should You Think About Investing in The Joint Corp. (JYNT)?

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Is HireQuest (HQI) A Great Buy?

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