Here’s What You Need to Know About These Five Stocks Trending Today

Analysts at Goldman Sachs believe Oracle Corporation (NYSE:ORCL) is poised for a rally, having tanked by 16% so far this year. In a note to investors, Goldman’s Heather Bellini has reiterated the company’s Buy rating, noting that Oracle has been added to the firm’s “Conviction Buy List.” Bellini also raised the price target to $47 from $45, citing positive growth outlook for Oracle’s cloud business. She also added that “if Oracle is successful in attaining fiscal year 2016 bookings targets, we would expect management to guide to accelerating cloud revenue growth in fiscal year 2017 and with gross margins expanding, we believe fiscal year 2016 will mark the bottom in non-GAAP operating margins.”

Although it is among the hedge funds’ favorite stocks, only 4.5% of Oracle Corporation (NYSE:ORCL)’s shares were held by 58 elite funds at the end of the second quarter. Despite a 6% trim in its stake, Eagle Capital Management, run by Boykin Curry, was the largest holder of the stock at the end of June with 42.4 million shares. Jean-Marie Eveillard is also betting big on the software giant, having boosted First Eagle Investment Management’s investment by 2% to 38.1 million shares over the quarter.

The recent announcement of a partnership between Ericsson (ADR) (NASDAQ:ERIC) and Cisco Systems, Inc. (NASDAQ:CSCO) was bound to give birth to rumors of a potential merger or takeover bid. And Ericsson was quick to squash any speculation, with CEO Hans Vestberg stating that “talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition.” On November 9, the two networking companies have announced a partnership for development of future networks, including joint efforts in reshaping and transforming networks, as well as collaboration in key emerging markets.

Peter Rathjens, Bruce Clarke and John Campbell see great upside potential in Ericsson (ADR) (NASDAQ:ERIC), having recently upped Arrowstreet Capital’s stake by 19% to 15.2 million shares, worth in excess of $157 million. In general, Ericsson is not very popular among the funds we follow, as only 12 of them reported a long position at the end of June, holding less than 1% of common stock. Cisco Systems, Inc. (NASDAQ:CSCO), on the other hand, has much more admirers, with 72 hedge funds had the stock in their portfolio at the end of the second quarter. Donald Yacktman and his fund, Yacktman Asset Management, have continued to reduce their investment in Cisco during the third quarter, dumping nearly 15% of their stake. In its latest 13F filing, the fund reported ownership of 36.1 million shares valued at $947 million.

Disclosure: none.