Here’s Why These Stocks Are on The Move on Monday

Seagate Technology PLC (NASDAQ:STX) received the Barron’s lift today as its shares have surged almost 7% on a positive mention from a column published during the weekend. According to the Barron’s writer, there is reason for optimism given Seagate’s 7.5% dividend yield, management’s goal of cutting costs, and the company’s healthy earnings. The author also likes how the company is basically doubling down on the hard drive market. Because of the safe dividend and management’s strategy, the author thinks Seagate could rally 20% or more in the coming year.

A total of 25 funds from our database held roughly 3.4% of Seagate Technology PLC (NASDAQ:STX)’s outstanding stock heading into 2016, with Cliff Asness’ AQR Capital Management among them.

Not to be left out, Toll Brothers Inc (NYSE:TOL) was also the beneficiary of the Barron’s lift today after the esteemed financial magazine published a glowing column on the home builder. In the piece, the author stated that investors are overestimating the potential oversupply in the luxury segment of Manhattan and that the homebuilder has a 40% upside. Among the funds we track, 30 reported long positions in Toll Brothers Inc (NYSE:TOL) as of the end of 2015. Toll Brothers’s stock has gained 1.80% so far on Monday.

Disclosure: none