Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

A Look at Five Stocks in Spotlight on Wednesday

Page 1 of 2

The S&P 500 futures are slightly in the green today as traders anticipate a ‘Bremain’ outcome for tomorrow’s pivotal vote on whether Britain will leave or stay in the EU.

Among the stocks trending today are SiteOne Landscape Supply Inc (NYSE:SITE), Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY), BlackBerry Ltd (NASDAQ:BBRY), Energy Transfer Equity LP (NYSE:ETE), and Williams Companies Inc (NYSE:WMB). Let’s take a closer look at the latest developments surrounding these stocks and use data from the last round of 13F filings to see what smart money investors think about these stocks.

While there are many metrics that investors can assess in the investment process, the hedge fund sentiment is something that is often overlooked. However, hedge funds and other institutional investors allocate significant resources while making their bets and their long-term focus makes them the perfect investors to emulate. This is supported by our research, which determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).


SiteOne Landscape Reports Earnings

SiteOne Landscape Supply Inc (NYSE:SITE) reported a loss of $0.85 per share for its fiscal first quarter, on revenue of $328.5 million. Organic net sales rose by 23% on the year, while net loss decreased to $5.6 million from $9.8 million reported a year earlier. The company also completed the acquisition of Hydro-Scape Products which included 17 locations. For the full fiscal year, SiteOne expects adjusted EBITDA to be in the range of $132 to $140 million. Since the company went public in May, none of the investors in our database reported holding shares in their 13F filings for the end of the first quarter.

Formula Systems Turns In First Quarter Results

Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY) reported first quarter earnings of $0.27 per share on revenue of $262.17 million, versus $237.1 million and $0.44 per share it had posted for the same period last year. Net income was negatively affected by increased tax expenses and the appreciation of Formula’s debentures due to exchange rate fluctuations. Shares of the company are up 25% year-to-date so far. None of the funds tracked by Insider Monkey had shares of Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY) in their portfolios, according to the last round of 13F filings.

Follow Formula Systems Ltd (NASDAQ:FORTY)

On the next page, we examine Blackberry, Energy Transfer Equity LP, and Williams Companies Inc.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!