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Here’s Why These Five Stocks Are on Investors’ Radars on Monday

The US stock market is opened higher but has lost ground so far on Monday amid an increase in oil prices and bigger-than-expected fall in exports from China.

Amid the stocks that are in the spotlight today are Mattress Firm Holding Corp (NASDAQ:MFRM), Delta Air Lines, Inc. (NYSE:DAL), Southwest Airlines Co. (NYSE:LUV), Ebix Inc (NASDAQ:EBIX), and Sothebys (NYSE:BID). In this article, let’s take a closer look at the latest events surrounding these stocks and assess the hedge fund sentiment towards them.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see more details here).

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Mattress Firm Holding Corp (NASDAQ:MFRM) has surged by over 114% after retail giant Steinhoff International Holdings NV announced that it will buy the company for $64 per share or a total of $2.4 billion. Steinhoff, a South African retailer engaged in selling furniture is making its foray into the US market for the first time. Investors cheered the news considering that the buyout offer is at a premium of 115% to Mattress Firm Holding’s closing price on Friday. Among the investors we track, shares of Mattress Firm Holding Corp (NASDAQ:MFRM) were held by 18 funds at the end of March. These funds amassed $459.04 million worth of stock which represented 30.70% of the float.

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Next stock on the radar is Delta Air Lines, Inc. (NYSE:DAL) which is in the spotlight after a system outage grounded Delta flights around the globe. The company updated its customers that the system was back online, but warned that delays and cancellations are expected. Nevertheless, the stock didn’t react significantly to the news and has inched down slightly in Monday intraday trading. Delta Air Lines, Inc. (NYSE:DAL) saw 97 investors from our database holding shares at the end of first quarter, compared to 108 funds at the end of 2015.

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On the next page, we are going to look into Southwest Airlines, Ebix, and Sothebys.

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