Edwards Lifesciences Corp (EW), GT Advanced Technologies Inc (GTAT), McDermott International (MDR): Here’s What This “Market-Destroying” Investor Is Buying

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Finally, Gotham’s biggest closed positions included MetroPCS Communications and Sauer-Danfoss. Other closed positions of interest include GT Advanced Technologies Inc (NASDAQ:GTAT) and McDermott International (NYSE:MDR). GT Advanced Technologies Inc (NASDAQ:GTAT), in the solar energy business, has been the Nasdaq’s most hated stock, heavily shorted due to struggling Chinese solar companies and pricing pressures. Shorts have been burned, though, with GT Advanced Technologies Inc (NASDAQ:GTAT) delivering surprisingly strong second-quarter results and boasting some promising technologies such as sapphire-based materials that could serve as screens in smartphones and elsewhere.

Oil and gas equipment and services company McDermott International (NYSE:MDR) took a big hit after it posted very weak second-quarter results, and its stock received several analyst downgrades. As the CEO noted, “As a management team, we are taking immediate and decisive actions to correct the weakness we have experienced in our project bidding and execution…” He added, “We are driving a more disciplined culture within the Company,” and warned that, “problematic projects are expected to require some time to fully work through the system.” Still, the company does have an order backlog of $5.1 billion and with a forward P/E of 12, some see value there.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This “Market-Destroying” Investor Is Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjianwhom you can follow on Twitter, holds no position in any stocks mentioned, and neither does The Motley Fool.

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