Three main US indexes will open in the green yet again. Crude futures are above $48 per barrel while the three main index futures are around half a percentage point higher.
Among the stocks traders are talking about today are Sony Corp (ADR) (NYSE:SNE), The Coca-Cola Co (NYSE:KO), Toyota Motor Corp (ADR) (NYSE:TM), Williams Companies Inc (NYSE:WMB), and Energy Transfer Equity LP (NYSE:ETE). Let’s take a closer look at the latest developments surrounding these stocks and see how the funds tracked by us are positioned towards them.
Hedge fund sentiment is an important metric for assessing the long-term profitability. At Insider Monkey, we track over 770 hedge funds, whose quarterly 13F filings we analyze and determine their collective sentiment towards several thousand stocks. However, our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).
Sony Dives Into VR and Robotics
According to the Financial Times, Sony Corp (ADR) (NYSE:SNE)’s management is placing more emphasis on virtual reality games and robotics to increase the company’s bottom line. Given that Sony has substantial expertise in content production, entertainment, cameras, and shooting, many believe Sony could be well suited to be a major virtual reality player. In addition, Sony is also investing in AI and robotics to achieve its long term profit goals. Sony Management has kept its operating profit goal of around 500 billion Yen ($4.9 billion) for the fiscal 2017 fiscal. A total of 18 funds from our database were long Sony Corp (ADR) (NYSE:SNE) at the end of March, down by two funds from the previous quarter.
New Law Makes Some Coke Products Harder to Purchase in Vermont
The Coca-Cola Co (NYSE:KO) may pull some of its less popular beverages from Vermont after the state begins enforcing a new GMO label law beginning July 1. According to the law, all products and beverages with genetically modified organisms should be marked with warning labels in the state. Coca Cola spokesman Ben Sheidler said: ‘To avoid multiple labeling changes, some lower-volume brands and packages we offer within our broad portfolio could be temporarily unavailable in Vermont’. The number of funds tracked by us with holdings in The Coca-Cola Co (NYSE:KO) rose by 11 quarter-over-quarter to 62 at the end of March.
On the next page, we examine Toyora Motor Corp., Williams Companies and Energy Transfer Equity LP.