Here’s Why These Five Stocks Are In the Spotlight

While Brent is now at a level where the company’s dividend is sustainable, Chevron Corporation (NYSE:CVX) isn’t pulling the cord on its non-core asset divestment program. According to Bloomberg, the supermajor is currently in talks to sell its natural gas assets in Bangladesh for around $2 billion. Interested suitors include various Chinese and Indian energy companies. Ken Fisher‘s Fisher Asset Management owned more than 3.6 million shares in Chevron Corporation (NYSE:CVX) at the end of June.

Performance Sports Group Ltd (NYSE:PSG) is in the spotlight today after it popped by close to 10% on Tuesday on the back of a Bloomberg report that said Brookfield Asset Management is considering bidding for the company. Brookfield, which is Canada’s largest alternative asset manager, already owns 13.2% of the company, making it Performance Sports’ second-largest shareholder. 13 funds in our database were bullish on Performance Sports Group Ltd (NYSE:PSG) at the end of the second quarter.

Last but not least, Boeing Co (NYSE:BA) is trending after the company announced that a manned flight of its space taxi program will be delayed for the second time due to various technical and supplier issues. Boeing now sees the flight occurring around mid-2018 and warned that it could potentially factor in a financial charge due to the delay in its third quarter results or future results. Of the 749 hedge funds that we track which filed 13Fs for the June quarter, 40 of them were long Boeing Co (NYSE:BA) on June 30, owning $1.07 billion worth of its shares.

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