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 Five Stocks In Spotlight on Monday?

Page 1 of 2

Although the S&P 500 is up just 0.3% and the NASDAQ is up 0.5%, shares of five companies, J C Penney Company Inc (NYSE:JCP), Freeport-McMoRan Inc (NYSE:FCX), LendingClub Corp (NYSE:LC), MGT Capital Investments Inc. (NYSEMKT:MGT), and Globalstar, Inc. (NYSEMKT:GSAT), opened up substantially higher before moving in separate directions. In this article, we find out why traders have been buying and take a look at how smart money investors have been trading them.

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).

Analyst Weigh in on J C Penney Company After Earnings

J C Penney Company Inc (NYSE:JCP) shares opened up higher today after the analysts at Robert W. Baird upgraded the stock to ‘Outperform’ from ‘Neutral’. The analysts like J C Penney’s risk reward profile and think the stock could ultimately go to $12 a share. Meanwhile the analysts at Citigroup went the other way and lowered their price target to $8 per share from $9 per share. The analysts at Morgan Stanley were even more bearish, and lowered their price target by $0.50 to $7.50 per share. Although J C Penney Company Inc (NYSE:JCP) reported disappointing earnings on Friday, some investors believe the company can successfully turn itself around. A total of 27 funds that Insider Monkey tracks owned shares of J C Penney at the end of December.

Follow J C Penney Co Inc (NYSE:JCP)
Trade (NYSE:JCP) Now!

Analysts Give the Thumbs Up to Freeport-McMoRan

Freeport-McMoRan Inc (NYSE:FCX) is trading 8% higher after analysts at Cowen raised their price target to $15 per share from $10 per share. The analysts maintained their ‘Outperform’ rating and believe the company’s strong collection of copper assets and cost cutting will provide meaningful upside. Also helping Freeport-McMoRan Inc (NYSE:FCX) shares today is the fact that WTI crude prices are 3% higher and near $48 per barrel. Carl Icahn’s Icahn Capital LP owned 104 million shares of Freeport at the end of 2015.

Follow Freeport-Mcmoran Inc (NYSE:FCX)
Trade (NYSE:FCX) Now!

On the next page, we will examine the latest events that put LendingClub, MGT Capital Investments, and Globalstar in the spotlight today.

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...
X

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!