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 Diamondback Energy, Depomed, Las Vegas Sands and More Are Trending

Page 1 of 2

With the third quarter now in the rear-view mirror and the November elections firmly in view as a potential upside/downside catalyst, many investors are wondering where the market might head next.

In addition to asking that question, investors are also eagerly watching the news flow emanating from Diamondback Energy Inc (NASDAQ:FANG), Depomed Inc (NASDAQ:DEPO), Las Vegas Sands Corp. (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts, Limited (NASDAQ:WYNN). In this article, we’ll take a closer look at the five companies and their associated catalysts and use the latest 13F data to see how the smart money was positioned in the equities at the end of the second quarter.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see the details here).

macau 2

Diamondback Energy Inc (NASDAQ:FANG) is in the spotlight after the Wall Street Journal reported that the firm is near a deal to purchase Silver Hill Energy Partners for potentially $2.5 billion. A deal could be announced as early as next week if another bidder doesn’t emerge with a better offer and the current deal doesn’t fall apart. Silver Hill owns the rights to drilling in acreage in the lucrative Permian Basin, which sports some of the lowest shale production costs in the country. Steve Cohen‘s Point72 Asset Management upped its stake in Diamondback Energy Inc (NASDAQ:FANG) by 6,455% during the second quarter to 131,100 shares at the end of June.

Follow Diamondback Energy Inc. (NASDAQ:FANG)
Trade (NASDAQ:FANG) Now!

Traders are watching Depomed Inc (NASDAQ:DEPO) after judge Claire Cecchi of the United States District Court for the District of New Jersey ruled in favor of Depomed in the company’s patent litigation against all three filers of Abbreviated New Drug Applications for Depomed’s Nucynta franchise, Actavis, Alkem Laboratories Limited and Roxane Laboratories. With the court’s ruling, Depomed expects market exclusivity until December 2025 for Nucynta ER, Nucynta and Nucynta oral solution. The ruling is important because the Nucynta franchise accounts for roughly two-thirds of the company’s product sales. With the uncertainty removed, some investors think Depomed can proceed with its strategic alternatives, including a potential sale or merger. 23 hedge funds in our database were long $328.2 million worth of Depomed Inc (NASDAQ:DEPO) shares at the end of June, which accounted for 27.40% of the float.

Follow Depomed Inc (NASDAQ:DEPO)
Trade (NASDAQ:DEPO) Now!

On the next page, we’ll examine why investors are closely watching Las Vegas Sands, MGM Resorts, and Wynn Resorts.

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!