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.

Five Stocks That Hit 52-Week Highs on Monday

Page 1 of 2

With all three major indexes up on Monday and the S&P 500 close to an all-time record, it’s not surprising that five stocks,, Inc. (NASDAQ:AMZN), Aon plc Class A Ordinary Shares (UK) (NYSE:AON), GrubHub Inc (NYSE:GRUB), Momo Inc (ADR) (NASDAQ:MOMO), and Tata Motors Limited (ADR) (NYSE:TTM), each hit 52 week highs on Monday.

In this article, we take a closer look at the five stocks and use data from the latest 13F filings to determine what hedge funds from our database think about these stocks.

At Insider Monkey, we track around 750 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on, can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see the details here).

FAA Decision Powers Amazon

Traders bid up, Inc. (NASDAQ:AMZN) to an all-time high of $774.98 shortly after new FAA regulations that opened the U.S. skies for commercial drones went into effect. Given, Inc. (NASDAQ:AMZN)’s ambition of delivering products faster and cheaper, many investors believe the new regulations will lead to Amazon drone deliveries sooner rather than later. Seeing as consumers typically purchase more (all else equal) when the delivery time is shorter, Amazon’s already healthy revenue growth could increase further due to those rules. Andreas Halvorsen’s Viking Global took some profits in the second quarter, trimming its stake in, Inc. (NASDAQ:AMZN) by 5% to 3.28 million shares.

Follow Amazon Com Inc (NASDAQ:AMZN)
Trade (NASDAQ:AMZN) Now!

Aon Hits 52-Week High

Shares of Aon plc Class A Ordinary Shares (UK) (NYSE:AON), a leading provider of insurance brokerage and reinsurance brokerage, risk management, and human resources solutions and outsourcing services, hit a 52 week high on Monday largely due to broader market strength and optimism over the U.S. economy. Given the strong job market in the U.S., corporations are increasingly turning to human resources and outsourcing services to meet their labor needs. Seeing as the U.S. economy is strong, demand for insurance brokerage services is also robust. A total of 31 funds from our database had a bullish position in Aon plc Class A Ordinary Shares (UK) (NYSE:AON) at the end of June, compared to 30 funds a quarter earlier.

Follow Aon Plc (NYSE:AON)
Trade (NYSE:AON) Now!

On the next page, we take a closer look at GrubHub Inc, Momo Inc (ADR), and Tata Motors Limited (ADR).

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!