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 on the Move Today

Page 1 of 2

All three indexes are in the green today as traders await today’s FOMC meeting announcement at 2:00 and the Fed Chair Press conference at 2:30 eastern time. The Dow is up by around 40 points, the S&P 500 is 0.25% in the green and the NASDAQ is almost 16 points higher. Among the stocks showing more volatility than the indexes are Intellicheck Mobilisa, Inc. (NYSEMKT:IDN), EXACT Sciences Corporation (NASDAQ:EXAS), YY Inc (ADR) (NASDAQ:YY), Freeport-McMoRan Inc (NYSE:FCX), and J C Penney Company Inc (NYSE:JCP). Let’s find out why these stocks are on traders’ radars and see what smart money investors think about these stocks.

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see the details here).

jc, penney, market, department, macy, jcpenney, sales, mall, leisure, america, economy, attractive, merchandise, travel, retail, outlet, brandname, nordstrom, business,

Supannee Hickman / Shutterstock.com

Intellicheck Mobilisa Down on Offering

Nano-cap Intellicheck Mobilisa, Inc. (NYSEMKT:IDN) shares have retreated by almost 15% today after the company priced a public offering of 1.2 million shares at $1.75 per unit. In addition, the company also issued 600,000 five-year warrants to the offering buyers with an exercise price of $2.20 per share. Intellicheck will use a substantial portion of the funds raised for the development of various products based on patented photonics innovations for threat assessment and document authentication. The offering is expected to close on June 20. Two funds from our database were long Intellicheck Mobilisa, Inc. (NYSEMKT:IDN) at the end of the first quarter, unchanged from the previous quarter. As with all nano-caps, investors should do due-diligence before buying or selling.

Follow Intellicheck Mobilisa Inc. (NYSEMKT:IDN)
Trade (NYSEMKT:IDN) Now!

EXACT Sciences Rallies on Updated Guideline Wording 

EXACT Sciences Corporation (NASDAQ:EXAS) is 8% in the green this afternoon after the U.S. Preventative Services Task Force updated its colorectal cancer screening recommendations. The new recommendations put EXACT Science’s Cologuard as first-line position along with other tests rather than as an alternative. Among the funds we track, 16 funds owned $73.87 million worth of EXACT Sciences Corporation (NASDAQ:EXAS)’s stock, which accounted for 11.20% of the float on March 31, versus 20 funds and $140.38 million, respectively, on December 31.

Follow Exact Sciences Corp (NASDAQ:EXAS)
Trade (NASDAQ:EXAS) Now!

On the next page, we examine YY Inc, Freeport-McMoRan, and J C Penney Company.

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!