EMC Corporation (EMC): Smart Money is Confident Ahead of Dell Merger

Let’s also examine hedge fund activity in other stocks similar to EMC Corporation (NYSE:EMC). We will take a look at Duke Energy Corp (NYSE:DUK), Netflix, Inc. (NASDAQ:NFLX), The Bank of Nova Scotia (USA) (NYSE:BNS), and PNC Financial Services (NYSE:PNC). This group of stocks’ market caps are similar to EMC’s market cap.

As you can see these stocks had an average of 33 hedge funds with bullish positions and the average amount invested in these stocks was $2.42 billion. That figure was $6.86 billion in EMC’s case. Netflix, Inc. (NASDAQ:NFLX) is the most popular stock in this table. On the other hand Duke Energy Corp (NYSE:DUK) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks EMC Corporation (NYSE:EMC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio, wary of the threat of the company’s merger with Dell potentially falling through.

Disclosure: None