Apple, Caterpillar, Valeant, and More: Why These Five Stocks Are in the Spotlight

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is in the spotlight after SEC filings revealed that Jeffrey Ubben’s ValueAct Capital bought 3 million shares of Valeant at the $10.81-$10.88 range. The purchase gives ValueAct a 5.2% holding in the company, up from the amount ValueAct held in December of last year. Valeant could use the additional shareholder as prominent hedge funder Bill Ackman’s Pershing Square recently completely sold out of the company’s stock. 39 elite funds owned shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) at the end of the fourth quarter, down 19 funds from the previous quarter.

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are modestly higher after the company announced that four of its board members, Patrick Flynn, Darlene Friedman, John Charlesworth, and Stephen Gillett will no longer stand for re-election. Bill Ackman’s Pershing Square Capital has played a behind the scenes role in the company, winning two board seats to help the company win back customers who left due to Chipotle’s previous food safety concerns in past years. 36 top funds were long Chipotle Mexican Grill, Inc. (NYSE:CMG) at the end of the fourth quarter, down 5 funds from the previous quarter.

Last but not least, Boeing Co (NYSE:BA) is 0.7% in the green after the airplane giant won a $3.4 billion contract to supply the U.S. Army and one other customer with 268 Apache helicopters over five years. In addition, President Donald Trump recently nominated Boeing executive Patrick Shanahan to be the Deputy Defense Secretary. 40 elite funds were long Boeing Co (NYSE:BA) as of the most recent 13-F reporting period, up one from the previous quarter.

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