Why Are These Stocks Seeing Green Today?

Next up, we’ve got Netflix, Inc. (NASDAQ:NFLX), shares of which have risen by over 2% on the day. The push comes ahead of the company reporting its financial results for the fourth quarter after the closing bell today. Analysts are expecting revenue of $1.83 billion and EPS of $0.02 for the quarter.

Hedge funds seem to like Netflix, Inc. (NASDAQ:NFLX). The stock gained popularity among the investors that we track in the third quarter, as 57 funds held shares of the company on September 30, up by seven funds over the quarter, and they amassed 14.9% of the float. Among them, Chase Coleman‘s Tiger Global Management was the largest shareholder, reporting ownership of 17.99 million shares in its latest 13F filing.

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NVIDIA Corporation (NASDAQ:NVDA) is trading higher today on no particular news today, now up by just under 1%, giving back most of its gains from the morning session.

During the third quarter, NVIDIA Corporation (NASDAQ:NVDA) also enjoyed an increase in popularity among the funds we track, with 34 investors holding long positions at the end of September, versus 30 funds a quarter earlier. David Harding’s Winton Capital Management was the largest shareholder of NVIDIA Corporation (NASDAQ:NVDA), holding 3.36 million shares valued at $82 million at the end of September.

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