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 GoPro, Microsoft, Twitter and Two Other Stocks Are in Spotlight Today

Page 1 of 2

Markets were tumbling on Monday, with all major U.S. stock indexes down substantially, driven by a selloff in tech stocks and a decline in oil prices. However, a few stocks managed to salvage themselves, trading up in the afternoon hours. Among them, we can count GoPro Inc (NASDAQ:GPRO), Gilead Sciences, Inc. (NASDAQ:GILD) and Celgene Corporation (NASDAQ:CELG). So, let’s take a look into the events causing said surges, and into what the hedge funds in our database think about the companies. In addition, we will examine the reasons behind the declines seen at Twitter Inc (NYSE:TWTR) and Microsoft Corporation (NASDAQ:MSFT) today.

We determine hedge fund sentiment by analyzing the equity portfolios of some of the best-performing hedge funds and institutional investors. Through extensive research, we have determined that the due diligence that these investors employ, as well as their long-term focus makes them perfect targets to emulate. However, the results of our analysis have also showed that the small-cap picks of these funds can generate much better returns, with the 15 most popular small-cap stocks beating the market by an average of 95 basis points per month (read more details here).

Back to the stocks that interest us, we’ve got GoPro Inc (NASDAQ:GPRO), whose shares are up more than 10% after Microsoft Corporation (NASDAQ:MSFT) announced on Friday that it had signed a patent licensing deal with the manufacturer of wearable cameras. Terms of the deal were not disclosed, but Microsoft said in a statement, that the deal is related to “certain file storage and other system technologies.”

Follow Gopro Inc. (NASDAQ:GPRO)
Trade (NASDAQ:GPRO) Now!

Nick Psyhogeos, President of Microsoft Technology Licensing LLC said that the company’s “licensing of personal wearable technologies is seeing strong demand” as the firm partners “with companies from all industries to optimize solutions for their customers around the globe.”

On the other hand, shares of Microsoft Corporation (NASDAQ:MSFT) are trading down by more than 2.5% on Monday.

Follow Microsoft Corp (NASDAQ:MSFT)
Trade (NASDAQ:MSFT) Now!

Also helping GoPro Inc (NASDAQ:GPRO) was a Barron’s article published over the weekend, which assured that the company still has “some financial cushion to regain its footing,” taking into account its $474 million in cash and no debt. The author also noted that the current valuation of GoPro’s stock makes it an attractive acquisition target for companies like Sony Corp (ADR) (NYSE:SNE) or Under Armour Inc (NYSE:UA).

On the next page we will look into the news driving the moves at Twitter Inc (NYSE:TWTR), Gilead Sciences, Inc. (NASDAQ:GILD) and Celgene Corporation (NASDAQ:CELG), and into hedge fund sentiment of these stocks.

Page 1 of 2

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

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!