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.

Why Are These 4 Stocks Among the Top Gainers Today?

Page 1 of 2

Despite some choppy trading in the first hour after the bell, U.S stocks have turned positive and are pushing higher this morning, helped by a wave of positive quarterly reports. Eros International plc (NYSE:EROS), Nuance Communications Inc. (NASDAQ:NUAN), TJX Companies Inc (NYSE:TJX) and Vipshop Holdings Ltd – ADR (NYSE:VIPS) have stood out among the top gainers so far today, so let’s find out why investors are driving these stocks higher.

stocks, analysis, market, numbers, business, ticker, trade, money, price, investment, index, chart


Let’s first take a step back and analyze how tracking hedge funds can help an everyday investor. Through our research we discovered that a portfolio of the 15 most popular small-cap picks of hedge funds beat the S&P 500 Total Return Index by nearly a percentage point per month on average between 1999 and 2012. On the other hand the most popular large-cap picks of hedge funds underperformed the same index by seven basis points per month during the same period. This is likely a surprise to many investors, who think of small-caps as risky, unpredictable stocks and put more faith (and money) in large-cap stocks. In forward tests since August 2012 these top small-cap stocks beat the market by an impressive 53 percentage points, returning 102% (read the details here). Follow the smart money into only their best investment ideas all while avoiding their high fees.

Shares of Eros International plc (NYSE:EROS) have jumped by 11.75% this morning following the announcement of its fiscal year 2016 second quarter financial results. A big player in the Indian entertainment industry, Eros registered a 98% surge in revenue year-over-year, reporting $98.8 million in revenue and a profit of $0.12 per share, while analysts were looking for earnings of $0.39 per share on the back of $90.7 million in revenue. Although the company reported negative cash flow, its management is confident that it will become cash flow positive by the end of the fiscal year, as it is planning to up its efforts in claiming overdue receivables.

Follow Eros International Plc
Trade () Now!

While Eros International plc (NYSE:EROS) is not among the favorite stocks of investors, 14 hedge funds that we track were invested in it at the end of the second quarter, holding roughly 5% of the company’s common stock. Hedge fund guru Jim Simons is very bullish on this stock, with his quant fund Renaissance Technologies having reported in its latest 13F filing a 315% boost to its stake in Eros, to 730,252 shares. Chase Coleman is also optimistic about the prospects of the company, having recently increased his investment to 1.2 million shares valued at $32.6 million.

It’s all smiles this morning for shareholders of Nuance Communications Inc. (NASDAQ:NUAN), as the stock is soaring by over 15% following a better-than-expected financial report. The company posted its 2015 fiscal fourth quarter results after the closing bell yesterday, and managed to beat Wall Street’s earnings expectations, though it missed revenue estimates. Nuance registered earnings of $0.41 per share versus expectations of $0.35 per share, while revenue came in at $504 million, below analysts’ projections of $507 million.

Follow Nuance Communications Inc. (NASDAQ:NUAN)
Trade (NASDAQ:NUAN) Now!

At the end of June, hedge fund’s holdings of Nuance Communications Inc. (NASDAQ:NUAN) were valued at $1.21 billion, with 25 top funds that we track holding approximately 22% of its outstanding stock. Legendary activist investor Carl Icahn is betting big on Nuance, with it among his top ten picks for the third quarter. In its latest 13F filing, Icahn Capital LP reported maintaining its holding of 60.7 million shares, the largest holding in the stock among the funds that we follow.

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!