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.

Hedgies and Insiders Are Crazy About This Tech ‘Fab Five’ – Apple Inc. (AAPL), Adobe Systems Incorporated (ADBE)

Page 1 of 2

Over the past half-decade, technology stocks have provided the biggest bang for Mr. Market’s buck, and it’s the only sector to appreciate more than 11 percentage points during this time period. While returns haven’t been quite as dominant in recent months, there are still plenty of opportunities in this space if you know where to look.

At Insider Monkey, we’ve proven that one of the best ways to parse down the marketplace is to look at what top-tier hedge funds and insiders are buying. Gauging this so-called “smart sentiment” is important, as our research has proven that both phenomena beat the market quite handily over the long run (see how to use this strategy yourself).

Furthermore, the Billionaire Hedge Fund Index—a result of our recent collaboration with MarketWatch—returned 24.3% last year vs. 16% for the S&P 500 ETF [s:SPY]. The index tracks close to 40 billionaire hedge fund managers, and proves that the cream of the crop still has splendid investment chops.

Without further ado, let’s take a look at the top companies in the technology sector that hedgies and insiders are bullish on.

Apple Inc. (NASDAQ:AAPL)

According to hedge funds’ latest round of 13F filings with the SEC, Apple Inc. (NASDAQ:AAPL) takes the top spot on this list; the stock has bullish interest from more than 36% of the managers we track. Apple Inc. (NASDAQ:AAPL), which is also the top holding of the Billionaire Hedge Fund Index, has seen one insider—Director Robert Iger—buying up stock in the past three months. Clearly, shares of Apple Inc. (NASDAQ:AAPL) are cheap no matter how you slice the metrics, but it appears that greater value-creation is needed to pull more income-seeking investors into the fold.

EMC Corporation (NYSE:EMC) is No. 2, and about 15% of the hedge funds we track hold long positions. The diversified IT company has seen one insider snatching up shares over the past three months, though EMC’s market cap has shrunk by 2.7% since the start of 2013. Wall Street’s average price target on EMC still indicates that an upside of about 20% is expected from current levels, and steady margin improvement should continue to be a key strength over the long run.

Aside from Apple Inc. (NASDAQ:AAPL) and EMC, did Adobe Systems Incorporated (NASDAQ:ADBE) make the cut?

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!