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 Goldman Sachs, Deckers, and Three Other Stocks Are Trending Today

Page 1 of 2

Investors are in ‘risk-off’ mode as expectations of a Fed interest rate hike after the election rises. Due to that sentiment, the Dow Jones index is off 74 points, the NASDAQ is 0.61% in the red, and the S&P 500 has inched lower by 0.44%.

Among the stocks that are making headlines today are Deckers Outdoor Corp (NYSE:DECK), Verizon Communications Inc. (NYSE:VZ), Xerox Corp (NYSE:XRX), Goldman Sachs Group Inc (NYSE:GS), and Morgan Stanley (NYSE:MS). Let’s analyze the associated catalysts and delve into the hedge fund sentiment surrounding each stock.

At Insider Monkey, we track around 730 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on, can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see the details here).


Deckers Outdoor Corp (NYSE:DECK) shares are 7% in the red after Susquehanna downgraded the stock to ‘Negative’ from ‘Neutral’ and trimmed its price target to $49 from $59. Analyst Sam Poser changed the rating because he thinks the perception of the UGG brand might be dinged due to promotional activity. In particular, Poser noted that has started giving out $20 reward certificates online and that the company has allowed the brand to be sold at, which makes it more commonplace and less of an aspirational brand. Of the 749 funds we track, 15 funds owned $285.84 million worth of Deckers Outdoor Corp (NYSE:DECK)’s stock, which accounted for 15.50% of the float on June 30, versus 21 funds and $312.22 million, respectively, on March 31.

Follow Deckers Outdoor Corp (NYSE:DECK)
Trade (NYSE:DECK) Now!

Verizon Communications Inc. (NYSE:VZ) is in the spotlight today after the telecom announced it will close call centers in five states that will impact around 3,200 workers. Verizon has said that all have been offered jobs at other sites, or severance packages for those who do not want to relocate. The telecom currently has around 162,000 employees in the States. A total of 52 funds tracked by us were long Verizon Communications Inc. (NYSE:VZ) at the end of June, down by nine funds from the previous quarter.

Follow Verizon Communications Inc (NYSE:VZ)
Trade (NYSE:VZ) Now!

On the next page, we find out why Xerox Corp, Goldman Sachs Group, and Morgan Stanley are trending.

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!