Here’s Why These Five Stocks Are Trending Today

Toyota Recalls Vehicles

According to Reuters, Toyota Motor Corp (ADR) (NYSE:TM) is recalling 3.37 million vehicles over potential defects over emission control units and airbags. An estimated 2.87 million vehicles are being recalled due to potential glitches in the emission control unit while 1.43 million vehicles are being called back due to potential repairs needed for air bag inflators. Some vehicles need both the emission control and airbag inflator fixed. Among the funds we track, 12 funds owned $269.37 million worth of Toyota Motor Corp (ADR) (NYSE:TM), which accounted for 0.20% of the float on March 31, versus 13 funds and $230.4 million, respectively, on December 31.

Energy Transfer Terminates Merger

A few days after a court ruled that Energy Transfer Equity LP (NYSE:ETE) could legally abrogate its planned merger with Williams Companies Inc (NYSE:WMB) due to unforeseen potential tax issues, Energy Transfer announced that it has terminated the merger agreement, which will save the company billions in liquidity. However, Williams Companies has said not so fast and has appealed the court ruling. Although it is unclear which side will win the appeal, both companies could benefit if energy prices continue rising. A total of 52 funds from our database owned shares of Williams Companies Inc (NYSE:WMB) at the end of March, down by seven funds from the previous quarter. In contrast, 31 funds held shares of Energy Transfer Equity LP (NYSE:ETE) at the end of the first quarter, down by just two funds from the previous quarter.

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