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 Traders Are Buzzing About These Five Stocks on Monday

Page 1 of 2

Markets are off to a bullish start this week following a rise in oil prices and fading chances of a Brexit. Investors are also keeping an eye on Federal Reserve Chairwoman’s statement in front of the U.S. Senate Committee on Banking, Housing and Urban affairs scheduled on Tuesday.

Some stocks are on the radar of investors today, including Apple Inc. (NASDAQ:AAPL), Fate Therapeutics Inc (NASDAQ:FATE), DexCom, Inc. (NASDAQ:DXCM), Toyota Motor Corp (ADR) (NYSE:TM), and Yelp Inc (NYSE:YELP). Let’s see why these stocks are in the spotlight on Monday and take a look at the hedge fund sentiment towards them.

Apple, is AAPL a good stock to buy, two-factor authentication, iMessage, FaceTime, two-step verification,

Apple Will Not Support GOP Convention Because of Donald Trump

Apple Inc. (NASDAQ:AAPL) has declined to provide funding or support to the Republican Party for its 2016 presidential convention, citing presumptive nominee of the Party, Donald Trump’s controversial comments about women, his stance on immigrants and minorities, Politico reported on Saturday, citing two sources familiar with the matter. However, the reported added that big tech companies like Facebook, Google and Microsoft are going to provide support for the GOP event which is scheduled to take place in July. Apple communicated its decision “privately” to the Republican Party. As of the end of first quarter, 152 hedge funds in our system are long Apple Inc. (NASDAQ:AAPL), owning approximately $14.8 billion worth of shares. Billionaire Ken Fisher’s Fisher Asset Management has the biggest stake among those investors, with ownership of more than 11 million shares.

Fate Therapeutics’ Drug Gets Fast Track Status

Fate Therapeutics Inc (NASDAQ:FATE)’s has surged by over 20% after the company said the U.S. Food and Drug Administration (FDA) has granted Fast Track status to ProTmune, its drug for the reduction of the incidence and severity of acute graft-versus-host disease (GvHD). The San Diego, California based biopharmaceutical company also announced that Phase 1/2 clinical trial of ProTmune in adult subjects with hematologic malignancies is open for patient enrollment. In a statement, Chris Storgard, M.D., Chief Medical Officer of Fate Therapeutics, said that the company is looking forward to work with FDA to “rapidly advance” its innovative immunotherapy through the clinical development and regulatory processes.

Only five out of nearly 766 funds tracked by Insider Monkey had stakes in Fate Therapeutics Inc (NASDAQ:FATE) as of the end of the first quarter. Mark Kingdon’s Kingdon Capital owns around 2.25 million shares of the company.

On the next page, we will see why DexCom, Toyota Motor Corp, and Yelp are making moves today.

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!