The three main index futures contracts are in the green this morning as traders expect an acommodative Fed during today’s FOMC meeting. Crude futures are in the red after a bearish API report yesterday. Among the stocks in the spotlight today today are Metlife Inc (NYSE:MET), Alphabet Inc (NASDAQ:GOOGL), Boeing Co (NYSE:BA), Alibaba Group Holding Ltd (NYSE:BABA), and Twitter Inc (NYSE:TWTR). Let’s take a closer look at the latest developments surrounding these stocks and see what funds from our database think about them.
Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see the details here).
Metlife CEO to Remain Boss for Longer
Metlife Inc (NYSE:MET) has waived the company’s retirement policy to allow the company’s 64 year-old CEO, Steven Kandarian, to remain the boss for another several years. Although the insurer originally had a policy of mandatory retirement for any CEO older than 65, the company made an exception in Kandarian’s case. Metlife is in the ‘midst of dramatic change’, and needs strong and proven leadership. A total of 50 funds tracked by Insider Monkey were long Metlife Inc (NYSE:MET) at the end of March.
Google Fiber Looking To Expand
Alphabet Inc (NASDAQ:GOOGL)‘s Google Fiber is purportedly making some moves in Dallas, with the unit talking with city officials to learn more about the topography, infrastructure, and other data needed to build a fiber network. Fiber is already present in Austin and will be available in San Antonio soon. The more people who use Google Fiber’s fast internet service, the more search queries are made, and the more profitable Alphabet becomes. A total of 155 funds in our database had a long position in Alphabet Inc (NASDAQ:GOOGL)’s class A stock at the end of the first quarter, up by one over the quarter.
On the next page, we examine Boeing Co, Alibaba Group Holding, and Twitter.