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 Trading Higher on Friday

Page 1 of 2

The US stock market is trading lower on Friday as investors are digesting the FOMC minutes released on Wednesday and try to assess the probability of an interest rate hike in September.

However, a number of stocks are trading in the green today, including Applied Materials, Inc. (NASDAQ:AMAT), Advanced Micro Devices, Inc. (NYSE:AMD), Corrections Corp Of America (NYSE:CXW), Foot Locker, Inc. (NYSE:FL), and Restoration Hardware Holdings Inc (NYSE:RH). Let’s look at the catalysts that are driving the prices of these companies higher and take a look at some investors that are betting on the stocks.

At Insider Monkey, we track around 770 hedge funds and institutional investors. Through extensive backrests, 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 about our small-cap strategy).

market, stock, money, index, graph, credit, globe, advisor, economics, ticker, business, income, arrow, success, diagram, wealth, data, analysis, report, monitoring,

Horoscope/Shutterstock.com

Applied Materials, Inc. (NASDAQ:AMAT)’s stock has gained around 7% following the release of the company’s results for the third quarter of fiscal 2016. The company reported revenue of $2.82 billion, which missed the estimates by $20 million, but EPS of $0.50 was higher than the expected $0.48. Applied Materials had an order backlog of $3.66 billion at the end of the quarter. For the fiscal fourth quarter, Applied Materials, Inc. (NASDAQ:AMAT) expects sales to grow by 15% to 19% sequentially, while EPS is expected between $0.61 and $0.69. Harris Associates reported ownership of 23.91 million shares in its 13F filing at the end of June.

Follow Applied Materials Inc (NASDAQ:AMAT)
Trade (NASDAQ:AMAT) Now!

Advanced Micro Devices, Inc. (NYSE:AMD)’s  stock has appreciated by 9% after the company revealed the performance of its new new Zen processor core. The company showed a 40% improvement in its instructions per clock cycle compared to past processors. Current product from Advanced Micro Devices, Inc. (NYSE:AMD) outclassed Intel’s product. During the second quarter, Jim Simons’ Renaissance Technologies boosted its stake in Advanced Micro Devices, Inc. (NYSE:AMD) to 9.69 million shares.

Follow Advanced Micro Devices Inc (NASDAQ:AMD)
Trade (NASDAQ:AMD) Now!

On the next page, we are going to discuss Corrections Corp Of America (NYSE:CXW), Foot Locker, Inc. (NYSE:FL), and Restoration Hardware Holdings Inc (NYSE:RH).

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!