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.

MGT Discusses Subpeona, UPS Bringing 3D Printing to Singapore, Plus Bullish Calls On Facebook, Enterprise Products, and Lockheed

Page 1 of 2

The markets are relatively calm, as all three indexes are in the green despite last weekend’s explosion in New York City that fortunately didn’t kill anyone.

While Wall Street is a little taken aback by the news, many traders also have their eyes on several stocks this morning. In this article, we’ll see what they’re saying about Lockheed Martin Corporation (NYSE:LMT), MGT Capital Investments Inc. (NYSEMKT:MGT), Facebook Inc (NASDAQ:FB), Enterprise Products Partners L.P. (NYSE:EPD), and United Parcel Service, Inc. (NYSE:UPS), and check out how successful hedge funds are positioned in them using the latest 13F data.

While there are many metrics that investors can assess in the investment process, the hedge fund sentiment is something that is often overlooked. However, hedge funds and other institutional investors allocate significant resources while making their bets and their long-term focus makes them the perfect investors to emulate. This is supported by our research, which determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).

Facebook Inc (NASDAQ:FB), Facebook application login page, Apple iPad Air, tablet, logo

Bloomua / Shutterstock.com

Lockheed Martin Corporation (NYSE:LMT) is in the spotlight after the U.S. Air Force grounded at least 10 F-35s for ‘peeling and crumbling’ insulation around the jets. Fortunately for Lockheed bulls, the issue isn’t due to a design flaw with the F-35, but instead has to do with a subcontractor’s manufacturing methods. On another note, analysts at Wells Fargo upgraded the aerospace & defense stock to ‘Outperform’ from ‘Market Perform’, noting the company’s potential to grow earnings by around 20% a year through 2020. Wells Fargo has a price target of $275-to-$280 on the stock, up from its previous range of $255-to-$260. Ken Griffin‘s Citadel Investment Group established a new stake of over 650,000 shares in Lockheed Martin Corporation (NYSE:LMT) during the second quarter.

Follow Lockheed Martin Corp (NYSE:LMT)
Trade (NYSE:LMT) Now!

Traders are talking about MGT Capital Investments Inc. (NYSEMKT:MGT) today after the company announced that it had received a subpoena from the Securities and Exchange Commission on September 15 requesting “certain information from the company.” MGT added that it has “no indication or reason to believe that the Company is or will be the subject of any enforcement proceedings.” MGT’s management is fully cooperating with the SEC’s request. Of the 749 hedge funds that we track which filed 13Fs for the June quarter, just four were long MGT Capital Investments Inc. (NYSEMKT:MGT) at the end of the second quarter, up from only one at the end of March.

Follow Mgt Capital Investments Inc (NYSEMKT:MGT)
Trade (NYSEMKT:MGT) Now!

On the next page, we’ll find out why Facebook, Enterprise Products, and UPS are trending this morning.

Page 1 of 2
Loading Comments...