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.

What You Need To Know About These 4 Hot Stocks

Page 1 of 2

Shares of Lendingtree Inc (NASDAQ:TREE)Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL), Pandora Media Inc (NYSE:P), and Horizon Pharma PLC (NASDAQ:HZNP) are all surging at the start of trading this week. Let’s take a closer look at the upside catalysts pushing these stocks higher and examine how the smart money views each stock.

dollar money finance dollars wealth business

In the eyes of most traders, hedge funds are assumed to be underperforming, old investment tools of the past. While there are more than 8,000 funds in operation at present, Insider Monkey looks at only the aristocrats of this group, around 730 funds. Contrary to popular belief, Insider Monkey’s research revealed that hedge funds underperformed in recent years because of their short positions as well as the huge fees that they charge, not because they are not good at picking stocks on the long side of their portfolios. Hedge funds did in fact manage to outperform the market on the long side of their portfolios. In fact, the 15 most popular small-cap stocks among hedge funds has returned 102% since the end of August 2012, beat the S&P 500 Index by 53 percentage points (see the details here).

Lendingtree Inc (NASDAQ:TREE) is up by 22.55% in afternoon trading after the company reported third quarter earnings of $0.59 per share on revenues of $69.8 million this morning, beating analysts’ profit estimates by $0.10 per share and exceeding revenue expectations by $8.78 million. Revenue from mortgage products rose by 38% year-over-year to $44.2 million while revenue from non-mortgage products increased by 175% year-over-year to $25.6 million. Guidance was also strong, with management expecting full year revenue of $244 million-to-$247 million and full year adjusted EBITDA to be $38.3 million-to-$38.8 million, up from the previous guidance of $225 million-to-$230 million and $35 million-to-$36 million, respectively. Our data gathered from around 730 elite funds shows that they were collectively bullish on Lendingtree Inc (NASDAQ:TREE) in the second quarter. A total of 18 funds reported stakes in the stock worth $106.8 million (accounting for 11.90% of the float) at the end of June, up from 14 funds with holdings valued at $96.47 million at the end of March. Josh Goldberg‘s G2 Investment Partners Management owned 358,732 shares at the end of June, good for 10.31% of its equity portfolio.

Follow Lendingtree Inc. (NASDAQ:TREE)
Trade (NASDAQ:TREE) Now!

Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) rallied 11.83% after Argentinian stocks surged in anticipation of an election runoff between Daniel Scioli of the Victory Front party, and Mauricio Macri of the Cambiemos coalition. Although Mr. Scioli was widely regarded as the front runner before Sunday’s vote, he managed to pull in just 0.4% more votes than Macri with 84% of the balloting stations having reported in. Based on the rally, investors feel Macri would be a more friendly President toward stocks and banks like Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL). Macri may need the support of Sergio Massa of the Peronist party, however, to win. Hedge funds are ambivalent towards the stock. 14 funds owned $66.88 million of the company’s shares (representing 2.70% of its common stock) on June 30, versus 12 funds with $70.97 million worth of shares on March 31.

Follow Grupo Financiero Galicia S A (NASDAQ:GGAL)
Trade (NASDAQ:GGAL) Now!

On the next page, we examine why Pandora and Horizon are surging.

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...

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!