Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s Why Oracle, Smith & Wesson, Paratek Pharmaceuticals and Two Other Stocks Are Trending Today

Market vibes are mixed on Friday as investors reassess the possibility of a Brexit amid the suspension of the referendum debate following the murder of a British lawmaker.

Several stocks are making headlines today, including Smith & Wesson Holding Corp (NASDAQ:SWHC), Oracle Corporation (NYSE:ORCL)Finisar Corporation (NASDAQ:FNSR), Paratek Pharmaceuticals Inc (NASDAQ:PRTK), and BP plc (ADR) (NYSE:BP). Let’s find out why these stocks are on the move today and analyze the hedge fund sentiment towards them.

Academic research has shown that certain insider purchases historically outperformed the market by an average of seven percentage points per year. This effect is more pronounced in small-cap stocks. Another exception is the small-cap stock picks of hedge funds. Our research has shown that imitating the 15 most popular small-cap stocks among hedge funds outperformed the market by nearly a percentage point per month between 1999 and 2012 (read more details here).

Oracle ORCL

Ken Wolter/

Smith & Wesson Beats Estimates

Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) are gaining after the company posted better-than-expected fiscal fourth-quarter results. The Massachusetts-based manufacturer of firearms posted EPS of $0.66, better than the analysts’ estimate of $0.54. Revenue in the quarter came in at $221.1 million, topping the consensus estimate of $214.55 million. For full fiscal 2017, the company expects its EPS in the range of $1.83 to $1.93, versus the estimates of $1.66. During the earnings call, James Debney, Smith & Wesson’s CEO, said that strong quarterly results are in line with the company’s vision of becoming a leading provider of quality products for shooting, hunting and outdoors. As of the end of the first quarter, 24 hedge funds from our data are long Smith & Wesson Holding Corp (NASDAQ:SWHC), down from 27 funds a quarter earlier. Donald Chiboucis’s Columbus Circle Investors owns 474,369 shares of the company.

Oracle Posts Strong Quarter

Oracle Corporation (NYSE:ORCL)’s stock has advanced by over 2% today after the company met earnings estimates and posted better-than-expected revenue for the fiscal fourth quarter. Oracle’s sales got a boost due to increasing cloud SaaS business. Oracle posted EPS of $0.81, in line with the consensus estimates. Revenue in the quarter came in at $10.71 billion, topping the estimated $10.47 billion. In a statement, Oracle’s CEO Safra Catz said that the company implemented the “accelerated buying experience” using which the customers can buy and start using company’s services and products quickly. He added that Oracle’s growth in Asia Pacific is “superb” and demand is strong in Europe. Among the funds tracked by Insider Monkey, 62 funds amassed around $7.9 billion worth of Oracle Corporation (NYSE:ORCL)’s  stock at the end of March. Robert Rodriguez and Steven Romick First’s Pacific Advisors owns more than 25 million shares of the company.

We will discuss Finisar, Paratek and BP on the next page.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.