Here’s Why Traders Are Buzzing About These Five Stocks on Monday

DexCom Announces $200 Million Credit Agreement

DexCom, Inc. (NASDAQ:DXCM) is on the radar of investors today after the company announced that it has entered into a $200 million revolving credit agreement with JPMorgan Chase, Bank of America, Silicon Valley Bank and Union Bank. The agreement, which matures on June 17, 2021, provides a sub-facility of up to $10 million for letters of credit. With ownership of over 1.80 million shares, Donald Chiboucis’ Columbus Circle Investors is one of the 27 hedge funds that reported stakes in DexCom, Inc. (NASDAQ:DXCM) as of the end of March.

Toyota Motor Corp Working on AI Based Safety System

Toyota Motor Corp (ADR) (NYSE:TM)’s stock is over 3% in the green after the company’s research institute head Gill Pratt said that Toyota is planning to launch smart cars with artificial intelligence within the next five years. Mr. Pratt told reporters that Toyota will integrate AI-based driver assistance systems to improve vehicle safety. He said that $1 billion fund by Toyota granted to the Toyota Research Institute will start showing results in the next five years. Only 12 hedge funds among those tracked by us were long Toyota Motor Corp (ADR) (NYSE:TM) at the end of the first quarter. Phill Gross and Robert Atchinson’s Adage Capital Management has more than 1.3 million shares of the company, according to its latest 13F filing.

DB Says Yelp is a “Buy”

Yelp Inc (NYSE:YELP)’s stock has surged by more than 6% after Deutsche Bank upgraded the stock to “Buy” from “Hold” and raised its price target to $33 from $26. The financial services company cited stabilized sales force productivity, increasing confidence in management, and improvements in ad units as the reasons behind the upgrade. Investors from our data lowered their hold on Yelp Inc (NYSE:YELP) stock in the first quarter and 33 funds were long stock at the end of March, compared to 42 funds a quarter earlier. Among them, Eashwar Krishnan’s Tybourne Capital Management owns 6.15 million shares of the company, as of the end of the first quarter.

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