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 Stocks on the Move Today?

Page 1 of 2

Markets opened lower on Thursday amid Saudi-Iran tussle at the OPEC meeting in Vienna, which has put price control measures in jeopardy. Some of the stocks worth watching today are Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NYSE:ORCL), Phillips 66 (NYSE:PSX), Box Inc (NYSE:BOX) and General Mills, Inc. (NYSE:GIS). Let’s find out what’s putting these stocks in the spotlight today and see the hedge funds’ sentiment towards each of them.

paypal, buy, rose, business, app, editorial, technology, touch, computer, phablet, mobile, woman, electronic, smartphone, payment, purchase, background, device, online,

Denys Prykhodov / Shutterstock.com

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see more details here).

Apple Issuing Bonds in Asia Pacific  

Apple Inc. (NASDAQ:AAPL) is in the spotlight today after the Wall Street Journal reported that the company is issuing bonds in Taiwan and Australia as part of its plans to raise $3 billion to $4 billion in debt in the Asia Pacific region to generate funds for dividend payments and share buybacks. Approximately 90% of the total cash of Apple is placed outside the US. The source said that Apple uses the offshore debt sales for raising funds for its share buybacks and dividends. Apple will start its bond issues in Taiwan and Australia with $1 billion in each market, the report claimed, citing a person familiar with the matter. Apple Inc. (NASDAQ:AAPL)’s stock is down by over 1% so far today. As of the end of first quarter 2016, 152 hedge funds from our system are long Apple Inc. (NASDAQ:AAPL) with approximately $14.8 billion worth of shares in aggregate. Billionaire Ken Fisher’s Fisher Asset Management has the biggest stake among these investors with the total ownership of more than 11 million shares.

Whistle Blower Sues Oracle over Exaggerated Accounting

Shares of Oracle Corporation (NYSE:ORCL) declined by more than 4% today after the company was hit with yet another lawsuit on Wednesday. Svetlana Blackburn, a former senior finance manager at the company, filed a whistleblower lawsuit with the U.S. District Court in San Francisco, claiming that she was fired when she didn’t comply with the top management’s orders to falsify and exaggerate the Cloud revenue figures.  Svetlana claims that her bosses told her to add “millions of dollars” to the financial reports without any backing. In a statement, Oracle’s spokesperson Oracle spokeswoman said that the company doesn’t agree with the allegations and intends to “vigorously” defend in the court. Out of the total funds tracked by Insider Monkey, 62 funds amassed around $7.9 billion worth of Oracle Corporation (NYSE:ORCL)’s  stock at the end of March 2016. Robert Rodriguez and Steven Romick First’s Pacific Advisors owbs more than 25 million shares of the company.

On the next page, we will discuss Phillips 66, Box and General Mills.

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!