Twilio Inc (TWLO), Alphabet Inc (GOOGL) and More: These 5 Stocks Are Dominating the Charts

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QUALCOMM Inc. (NASDAQ:QCOM) touched its 52-week high of $64 yesterday. It was announced earlier this month that the company will collaborate with four other companies to form a consortium called Avanci. The consortium will jointly license patents in the Internet of Things (IoT) market. The other four companies are Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), KPN, ZTE, and InterDigital, Inc. (NASDAQ:IDCC). Ericsson also hit a 52-week high earlier this month, shortly after the deal was announced. The alliance will remove the need for acquiring separate licenses for developing IoT-enabled products. 48 hedge funds in our database had positions in QUALCOMM Inc. (NASDAQ:QCOM) at the end of June, with their total holdings valued at about $3.97 billion, or 5.10% of QUALCOMM’s outstanding stock. Those figures were down from $4.42 billion in shares being held by 59 hedge funds on March 31.

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Becton Dickinson and Co (NYSE:BDX) shares rose to their 52-week high of $181.76 yesterday, moving strongly on the news of its $100 million investment in its Nebraska plant to boost its insulin syringe manufacturing. The funds will be used to update the plant’s technology and equipment. The company also announced the launch of its wireless diagnostic device, the BD Veritor Plus System. The device is used for detecting influenza A and B, respiratory syncytial virus (RSV), and group A strep. Among the funds we track, 41 held $695 million worth of Becton Dickinson and Co (NYSE:BDX)’s stock in aggregate at the end of June, having amassed 1.90% of its outstanding stock. There were 32 investors long $964 million worth of its shares a quarter earlier.

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Workday Inc (NYSE:WDAY) inked an agreement with Qantas earlier this week which contributed to the stock hitting its 52-week high yesterday. Under the agreement, the Australian airline will use Workday’s technology for managing its enterprise applications. The U.S.-based Workday had earlier clinched a deal with the Commonwealth Bank of Australia. The technology company is looking to the Asia Pacific market for further expansion. Workday competes with the likes of SAP and Oracle, but is much smaller in size. 25 hedge funds that we track hold about $1.01 billion in Workday shares at the end of June, amounting to 6.90% of the float.

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