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 You Should Pay Attention to These Tech Giants Today

Page 1 of 2

Markets are trading up on Monday, helped by surging oil prices and a spike in Apple Inc. (NASDAQ:AAPL). A few other stocks trending in the morning hours include Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO). So, let’s take a look at what’s going on with these companies, and into what the hedge funds in our database think about them.

We track prominent investors and hedge funds because our research has shown that historically their stock picks delivered superior risk-adjusted returns. This is especially true in the small-cap space. The 15 most popular small-cap stocks among a select group of investors delivered a monthly alpha of 80 basis points between 1999 and 2012 (see the details here).

Facebook Tumbles Ahead Of Meet With Conservatives

Let’s start with Facebook Inc (NASDAQ:FB), which is trading down by more than 1.5% on Monday morning, amid news that CEO Mark Zuckerberg has agreed to meet with conservative leaders on Wednesday, to address allegations that the site is politically biased. A former Facebook employee and prominent conservatives have argued that the social media site left “conservative political stories” out of its trending topics list intentionally. The company has denied such allegations.

As of the end of the first quarter of 2016, two of the largest hedge fund investors in Facebook Inc (NASDAQ:FB) were John Armitage’s Egerton Capital Limited and Alex Snow’s Lansdowne Partners. By March 31, these funds held 5.89 million shares and 3.71 million shares of the company, respectively – valued at $672 million and $423 million, correspondingly.

Follow Facebook Inc (NASDAQ:FB)
Trade (NASDAQ:FB) Now!

Amazon To Launch New Private-Label Products

Next up is Amazon.com, Inc. (NASDAQ:AMZN), which is also down (about 0.7%) on Monday morning, after the Wall Street Journal reported that the company is preparing to expand its private label offerings. In coming weeks, the online retailer plans to roll out other private label products – on top of diapers, including food and household items under the Happy Belly, Wickedly Prime and Mama Bear brand names, among others. The products could appear in the site as soon as late-May, and will be offered to only Prime members at first, people familiar with the matter said. Amazon.com, Inc. (NASDAQ:AMZN) saw several hedge funds among those we track make bullish moves over the first quarter of 2016. Among them, we can count James Crichton’s Hitchwood Capital Management, which almost tripled its stake over the period, taking it to half a million shares, worth $296 million as of March 31, Doug Silverman and Alexander Klabin’s Senator Investment Group, which started a new position comprising 255,000 shares over the January to March interval.

Follow Amazon Com Inc (NASDAQ:AMZN)
Trade (NASDAQ:AMZN) Now!

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!