On the day that will decide who the most powerful person in in the world will be for the next four years, the markets are surprisingly quiet, as volatility remains low on Wall Street.
In this article we’ll find out why Tesla Motors Inc (NASDAQ:TSLA), Goldman Sachs Group Inc (NYSE:GS), Mylan NV (NASDAQ:MYL), Twitter Inc (NYSE:TWTR), and Total SA (ADR) (NYSE:TOT) are each in the spotlight on this fateful day and use the latest 13F filings to judge hedge fund sentiment towards each of the stocks.
Our research 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).
Tesla Motors Inc (NASDAQ:TSLA) is in the spotlight today after it acquired a German engineering company that specializes in automated manufacturing techniques, Grohmann Engineering, for an undisclosed amount. Given that it has a very ambitious goal of producing 500,000 cars per year by 2018, Tesla needs all the help it can get, and having advanced automated production technology would certainly help. Due to various implementations of the latest tech at its Fremont Factory, Tesla has increased its production rate there by 400% in four years. Going forward, Tesla expects the Grohmann Engineering purchase to accelerate that rate. Of the 749 funds that we track which filed 13Fs for the June quarter, 36 were long Tesla Motors Inc (NASDAQ:TSLA) at the end of June, down by three from the end of the previous quarter.
Goldman Sachs Group Inc (NYSE:GS) is 1.13% lower this morning after Keith Horowitz of Citi downgraded the investment bank to ‘Neutral’ from ‘Buy’, citing Goldman’s rather full valuation at current price levels. Due to the stock’s rally since late-June, Horowitz doesn’t see much upside left in the near-term. The analyst did raise his price target on Goldman to $200 from $195 per share, however. 68 funds that we track owned $4.45 billion of Goldman Sachs Group Inc (NYSE:GS) on June 30, down slightly from 69 funds with $4.64 billion in shares on March 31.
On the next page, we’ll find out why traders are talking about Mylan, Twitter, and Total SA today.