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 Twitter, Wells Fargo, and Three Other Stocks Are in Spotlight on Friday

Page 1 of 2

The markets are quiet today as all three index futures are just moderately lower. Uncertain of direction, many traders are on the sidelines and awaiting news from the informal OPEC/Russia meeting next week before jumping in the bull or bear camp.

Among the stocks that are in the spotlight today are Twitter Inc (NYSE:TWTR), Wells Fargo & Co (NYSE:WFC), Apple Inc. (NASDAQ:AAPL), Finish Line Inc (NASDAQ:FINL), and Yum! Brands, Inc. (NYSE:YUM). Let’s find out why these stocks are on investors’ radars and take a look at the smart money sentiment towards them.

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).

Ellica / Shutterstock.com

Ellica / Shutterstock.com

Twitter Inc (NYSE:TWTR)’s stock has surged by over 20% after CNBC tweeted the following: “CNBC reports that Twitter has received expressions of interest, is moving closer to sale.” Although CNBC said that no deal was imminent, David Faber thinks a sale could be announced by the end of 2016. In other news, Mark Mahaney of RBC Capital has just lowered his price target to $14 from $17 per share and downgraded shares of the social media company to ‘Underperform’ from ‘Sector Perform’. Mahaney said their “belief that Twitter’s value proposition to advertisers could be waning, based on [their] recent advertiser survey data”. However, the analyst reaffirmed his views that “Twitter is a unique asset with a strong value proposition to core users”. Gilchrist Berg‘s Water Street Capital raised its position in Twitter Inc (NYSE:TWTR) by 61% to over 1.12 million shares in the second quarter.

Follow Twitter Inc. (NYSE:TWTR)
Trade (NYSE:TWTR) Now!

After the recent uproar over the bank’s past questionable sales tactics, Wells Fargo & Co (NYSE:WFC) CEO John Stumpf has resigned from the Federal Reserve Bank of San Francisco’s advisory council. Some investors believe Stumpf likely resigned due to political pressure, as several Senators recently called for Stumpf’s term in the council to not be renewed. It remains to be seen whether there will enough pressure to force Stumpf to resign as the head of Wells Fargo. Although some politicians have been calling for the move and Warren Buffett has refused to comment on the bank until November, Stumpf has unlocked a lot of value for shareholders in his term. Of the around 749 funds we track, 88 were long Wells Fargo & Co (NYSE:WFC) at the end of June, down by two funds from the previous quarter.

Follow Wells Fargo & Company (NYSE:WFC)
Trade (NYSE:WFC) Now!

On the next page, we find out why Apple, Finish Line, and Yum! Brands are in the spotlight.

Page 1 of 2
Loading Comments...