Hedge Funds Are Betting on These Five Capital Goods Stocks

#1 General Motors Company (NYSE:GM)

– Number of Hedge Fund Holders (as of September 30): 88
– Total Value of Hedge Fund Holdings (as of September 30): $5.11 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 10.80%

About one out of three drivers say that they’re open to autonomous cars, meaning that General Motors Company (NYSE:GM) will still have plenty of demand for its regular vehicles. Although it is currently not in the lead in the driverless technology, General Motors has the resources to hire someone like George Hotz or acquire/hire enough Silicon Valley startup tech to get to the leading edge quickly. With driverless tech, a GM car on-demand service isn’t out of the question and could be a big earnings driver. The shares look attractive, with a forward P/E of 6.3 and a dividend yield of 4.22%. Warren Buffett’s Berkshire Hathaway owned 50 million shares of GM at the end of September.

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