5 Industrial Stocks Under $10 That Are Poised To Explode

3. Resolute Forest Products Inc (NYSE:RFP)

Investors with Long Positions (as of June 30): 22

Aggregate Value of Investors’ Holdings (as of June 30): $523.31 Million

Resolute Forest Products Inc (NYSE:RFP) is receiving a bit of attention from the hedge fund industry, as four more investors had the stock in their portfolios at the end of the second quarter than they did at the start of it. Nevertheless, the value of the money invested in the stock declined by $325.11 million during the quarter. It is also worth mentioning that the 22 hedge funds own 48.90% of the company’s outstanding common stock as of June 30, which indicates confidence in Resolute Forest Products’ future prospects. Resolute Forest’s stock has lost almost half of its value since the beginning of the year, which might lure bottom-fishing investors to look for trading opportunities. Jim Simons’ Renaissance Technologies more than doubled its stake in Resolute Forest Products Inc (NYSE:RFP) during the latest quarter, reporting 780,087 shares in its 13F filing for the June quarter.