A Look at Five Stocks Trending on Monday

The Dow Jones Industrial and S&P 500 hovered near their record highs on Monday as investors react to an overall upbeat earnings reports from companies and pare safe-haven assets as situation in Turkey after a failed coup attempt seems to stabilize. Among the most noteworthy stocks on the investors’ radar today include ZAIS Financial Corp (NYSE:ZFC), Burlington Stores Inc (NYSE:BURL), ParkerVision, Inc. (NASDAQ:PRKR), Brainstorm Cell Therapeutics Inc(NASDAQ:BCLI), and Digital Ally, Inc. (NASDAQ:DGLY). Let’s find out why these stocks are attracting attention today and analyze hedge funds sentiment towards them.

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Investigation Initiated Against ZAIS Financial

ZAIS Financial Corp (NYSE:ZFC) is trading in the red today after law firm Andrews & Springer announced that it was investigating a potential securities violations and breach of fiduciary duty claims against ZAIS Financial Corp. The firm invited shareholders of the company to contact it in order to get additional information and “protect” their investment.  Only five hedge funds out of those tracked by us were long ZAIS Financial Corp (NYSE:ZFC) at the end of the first quarter. Jim Simons’ Renaissance Technologies is one of these hedge funds.

Burlington Increases Its Q2 Guidance

Burlington Stores Inc (NYSE:BURL) stock has increased by 5% to its new 52-week high after the company upped its second quarter guidance. The apparel company now expects its second quarter comparable sales to increase by 4.2%-4.5%, up from the previous estimate of 2.5% -3.5% increase. Burlington Stores sees its net income at $0.28-$0.30, sharply up from the previous guidance of $0.20-$0.23. The company also said that it will reveal its full year guidance in its second quarter results, which are expected to be announced on September 6, according to FactSet. A total of 37 hedge funds from our database of about 766 funds were bullish on Burlington Stores Inc (NYSE:BURL) at the end of the first quarter.

Move on to the next page to see why ParkerVision, Brainstorm Cell Therapeutics and Digital Ally are making headlines today.