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.

Here’s Why Organovo Holdings Inc. (ONVO), Seagate Technology PLC (STX) & Three Other Stocks Are on Investors’ Radars Today

Page 1 of 2

The markets have opened lower today, probably affected by disappointing results shown by Alcoa. Major indices are likely to remain jittery during the earnings season.

Among the stocks that are trending in Tuesday intraday session are Organovo Holdings Inc. (NASDAQ:ONVO), Seagate Technology PLC (NASDAQ:STX), Horizon Pharma PLC (NASDAQ:HZNP), St. Jude Medical Inc. (NYSE:STJ), and Staffing 360 Solutions Inc. (NASDAQ:STAF). Let’s take a look at the latest news involving these companies and also discuss what the smart money investors from our database think about them.

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 more details here).

stock, market, buy, graph, risk, trading, dice, concepts, chart, objects, investment, opportunity, business, three-dimensional, horizontal, line, gambling, decisions, symbol,


Organovo Holdings Inc. (NASDAQ:ONVO)’s stock inched up following the release of the company’s preliminary results for the second quarter of fiscal 2017 and updated outlook for the full fiscal year. Organovo Holdings expects second-quarter revenue at $1.4 million, which is up by 357% on the year. The company expects its full fiscal year revenue to be in the range of $4.5 million to $6.2 million, up from its previous estimate of $4 million to $6 million. The number of funds tracked by us long Organovo Holdings Inc. (NASDAQ:ONVO) remained unchanged at seven during the second quarter, while the total value of their holdings went up to $2.75 million from $1.25 million.

Follow Organovo Holdings Inc. (NYSEMKT:ONVO)

On the other hand, shares of Seagate Technology PLC (NASDAQ:STX) are over 5% in the red, after the company announced the revenue outlook for its fiscal first quarter. Seagate Technology now expects revenue of $2.8 billion, up from its previous estimate of “at least” $2.7 billion. The company also expects its gross margin to be 29%, up from its earlier outlook of “at least” 27%. Following the news, Seagate Technology’s stock was upgraded by JPMorgan Chase & Co. to ‘Neutral’ from ‘Underweight’; the analysts also raised their price target to $38 from $20. The number of funds from our database long Seagate Technology PLC (NASDAQ:STX) amounted to 23 at the end of June, while the total value of their holdings stood at $563 million, down from $759 million held by 24 funds a quarter earlier.

Follow Seagate Technology Plc (NASDAQ:STX)
Trade (NASDAQ:STX) Now!

On the next page, we are going to discuss the developments surrounding Horizon Pharma, St. Jude Medical, and Staffing 360 Solutions.

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!