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.

Facebook, CME Group Among 5 Stocks That Recently Hit 52-Week Highs

Page 1 of 2

Seeing as how the S&P 500 and the Dow Jones are near record highs, it’s not surprising that many stocks have recently hit 52-week highs as well. In this article we’ll take a closer look at five of them: ABIOMED, Inc. (NASDAQ:ABMD), CME Group Inc (NASDAQ:CME), Facebook Inc (NASDAQ:FB), Exelixis, Inc. (NASDAQ:EXEL), and Flextronics International Ltd. (NASDAQ:FLEX), and use SEC filings to see what the top hedge funds think of each stock.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see the details here).

facebook app

ABIOMED Gaining Ahead of Earnings Release

ABIOMED, Inc. (NASDAQ:ABMD) shares hit a 52-week high of $119.90 on Wednesday as traders look forward to the company’s upcoming earnings release on July 28. The company has beaten analysts’ EPS estimates soundly in each of the last two quarters, and expectations for the current quarter aren’t too high, with the consensus analyst EPS estimate at $0.23 per share. Shares of the stock are up by 31% year-to-date. Jim Simons‘ Renaissance Technologies more than doubled its stake in ABIOMED, Inc. (NASDAQ:ABMD) to 287,100 shares during the first quarter.

Follow Abiomed Inc (NASDAQ:ABMD)
Trade (NASDAQ:ABMD) Now!

CME Group Profiting From Bull Market in More Ways Than One

Given the strong performance of the Dow Jones, S&P 500, and other equities, it isn’t surprising that CME Group Inc (NASDAQ:CME) made its 52-week high of $102.63 on Wednesday. Bull markets and increased volatility in commodities generally mean more trading volume, which leads to higher profits for CME Group. In addition to rallying by 13.4% year-to-date, the CME Group also pays a 2.36% dividend yield at current share prices. Of the 766 active funds that we track, 45 funds owned $977.48 million in CME Group Inc (NASDAQ:CME) positions on March 31, which accounted for 3.00% of the float.

Follow Cme Group Inc. (NASDAQ:CME)
Trade (NASDAQ:CME) Now!

On the next page we;’ll take a closer look at how Facebook, Exelixis, and Flextronics International came to reach their 52-week highs.

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...
X

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!