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 These Five Stocks Are Trading Higher Today

Despite lower-than-expected non-farm payroll data, Wall Street is once again in bull-mode on Friday as all three indexes are gaining ground on hopes that jobs data will lower the prospects of an interest rate hike in the next couple of months.

Among the stocks leading the charge higher are Accuride Corporation (NYSE:ACW), Verisign, Inc. (NASDAQ:VRSN), Oasis Petroleum Inc. (NYSE:OAS), Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), and Chesapeake Energy Corporation (NYSE:CHK). Let’s find out why traders have sent these stocks higher today and see what smart money investors think about 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 the details here).

Macquarie Infrastructure MIC pipeline oil, petroleum, gas, oil and gas, fuel, sunlight, petrochemical

tcly /

Accuride Sells Itself, Shares Rise 55%

Accuride Corporation (NYSE:ACW) is leading the pack among Friday gainers after the company agreed to sell itself to Crestview Partners for $2.58 per share in cash. The deal, which is expected to close in the fourth quarter of 2016, has been unanimously approved by Accuride’s board of directors. Of the around 750 elite funds we track, 11 owned shares of Accuride Corporation (NYSE:ACW) at the end of June, unchanged from the previous quarter.

Follow Accuride Corp (NYSE:ACW)
Trade (NYSE:ACW) Now!

Verisign Rises on Analyst Comments, Technicals

Verisign, Inc. (NASDAQ:VRSN) is trading 9% higher on the back of positive comments from the analysts at Cowen Research, according to Technical traders could also have something to do with today’s buying as shares of Verisign recently cross through some key simple moving averages. In addition, the U.S. government’s plan to end some of its oversight over the Internet Corporation for Assigned Names and Numbers starting October 1 will likely provide more business for Verisign. A total of 30 funds from our database were long Verisign, Inc. (NASDAQ:VRSN) at the end of the second quarter, down by two funds from the previous quarter.

Follow Verisign Inc (NASDAQ:VRSN)
Trade (NASDAQ:VRSN) Now!

On the next page, we find out why traders are bidding up Oasis Petroleum, Petroleo Brasileiro SA Petrobras, and Chesapeake Energy Corporation.

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.