Tech Sector Latest Highlights; How To Trade These Four Stocks Based on Smart Money Sentiment

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Let’s move on to Tesla Motors Inc (NASDAQ:TSLA), whose founder and CEO Elon Musk showed up at the Baron Investment Conference, hosted by billionaire Ron Baron’s Baron Capital on Friday. Baron owns a sizeable stake in Tesla and Ron Baron interviewed Elon Musk, the two discussing Tesla Motors Inc (NASDAQ:TSLA)’s future, its Gigafactory in Nevada and the stock performance. Baron also went on CNBC’s “Squawk Box” yesterday, where he reaffirmed his stance on Tesla, saying that the stock might gain four times its current value in the next five years, as the company grows. However, Baron also said that at the current valuation, the stock is pretty expensive, a view that is shared by the funds from our database, most of whom are underweight Tesla Motors Inc (NASDAQ:TSLA). Only 26 funds from our database held stakes worth $1.39 billion, equal to 4.10% of the company at the end of June.

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Finally, Netflix, Inc. (NASDAQ:NFLX) was in the news yesterday on the back of Time Warner Inc (NYSE:TWX) stating that it plans to delay the reruns of its content on Netflix, Inc. (NASDAQ:NFLX)’s platform. During the last earnings call on Thursday, CEO Jeff Bewkes said that Time Warner might keep the rights for its content for a longer period of time and delay the licensing. The news are not likely to affect Netflix, since the company has previously expressed its intention to focus more on its original content, most of which has been very well received by its viewers. What makes Netflix a success story is its focus on the long-term. During a recent interview at the Dealbook Conference in New York, billionaire Stan Druckenmiller said that he likes Netflix, Inc. (NASDAQ:NFLX), particularly because of CEO Reed Hastings long-term view of the company. A total of 50 funds from our database held shares of Netflix at the end of June, including Clifford Fox’s Columbus Circle Investors, which also reported holding around 1.0 million shares in its 13F filing for the third quarter.

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Disclosure: none

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