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 These Five Stocks Are Gaining Ground Today

Page 1 of 2

The US stock market inched up higher on Wednesday, partly fueled by an increase in energy stocks, which are gaining ground following a rebound in oil prices.

Among the stocks that are outpacing the market today are Genworth Financial Inc (NYSE:GNW), Cesca Therapeutics Inc (NASDAQ:KOOL), Oclaro, Inc. (NASDAQ:OCLR), Sizmek Inc (NASDAQ:SZMK) and 3D Systems Corporation (NYSE:DDD). So, let’s take a look into the events behind the growth of these stocks. In addition, we are going to assess the hedge fund sentiment towards the companies in question.

At Insider Monkey, we track around 765 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 more details).

up, motion, way, forward, nobody, achievement, business, concept, arrow, sign, render, line, success, growing, symbol, ascending, finance, rendering, upward, idea,

Kutlayev Dmitry/Shutterstock.com

Genworth Financial Posts Gains On Modest Beat

Let’s begin with Genworth Financial Inc (NYSE:GNW), whose stock has surged by over 32%, which is its largest intraday surge in more than six years, driven by a top- and bottom-line beat for the second quarter. The company posted EPS of $0.25 and revenue of $2.24 billion,which topped the consensus estimates by $0.04 and $160 million, respectively. As of the end of the first quarter, 22 funds among those we track are long Genworth Financial Inc (NYSE:GNW), down from 28 registered at the end of the previous quarter. The largest stake was owned by Christopher Pucillo‘s Solus Alternative Asset Management, which last declared holding 15 million shares, up by 58% quarter-over-quarter.

Follow Genworth Financial Inc (NYSE:GNW)
Trade (NYSE:GNW) Now!

Saved Limbs Help Cesca Climb

Next up is Cesca Therapeutics Inc (NASDAQ:KOOL), which has gained around 29% on the announcement of “promising results” from its 40-month follow-up for patients that had participated in its late stage, “no option” critical limb ischemia (CLI) feasibility study. Many of the patients treated with autologous bone marrow-derived stem cells reported successful limb salvage and, 40 months later, said they had experienced “a significant overall reduction in rest pain and improvements in quality of life,” the company said in a statement. “These longer-term, post-study follow-up results not only reinforce our belief that autologous bone marrow derived stem cell therapy using our SurgWerks-CLI system is effective, they also suggest that it is durable,” said Study Director Dr. Venkatesh Ponemone. Only one fund in our database disclosed a long equity position in Cesca Therapeutics Inc (NASDAQ:KOOL) as of the end of the first quarter of 2016, Hal Mintz’s Sabby Management, which owned 111,094 shares worth $432 million.

Follow Cesca Therapeutics Inc. (NASDAQ:KOOL)
Trade (NASDAQ:KOOL) Now!

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!