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 Traders Are Fleeing From These Five Stocks on Monday

Although the major indexes are mostly flat for the day, shares of Chemours Co (NYSE:CC), Fiat Chrysler Automobiles NV (NYSE:FCAU), KLX Inc (NASDAQ:KLXI), Transocean LTD (NYSE:RIG), and Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) are deep in the red for various reasons. Let’s find out why traders are selling these stocks and take a look at the hedge fund sentiment towards them.

At Insider Monkey, we track around 760 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on, can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see the details here).

Technical Selling Detected At Chemours Co

Chemours Co (NYSE:CC) is 3% lower today as the stock consolidates its more than 200% surge since late January. The around $10 price level seems to be a short-term resistance point that the stock needs to pass before the rally can continue higher. After the surge Chemours is also no longer dirt-cheap with a forward P/E of 8.46. Of the around 766 elite funds we track, 30 funds amassed $307.12 million worth of Chemours Co (NYSE:CC) shares, which accounted for 24.20% of the float on March 31, versus 22 funds and $190.84 million, respectively, on December 31.

Follow Chemours Co
Trade (CC) Now!

Fiat Chrysler Falls On Emission Report

Fiat Chrysler Automobiles NV (NYSE:FCAU) shares have retreated more than 4% after Germany’s Federal Motor Transport Authority determined that Fiat Chrysler had used illegal software to make emissions better than they actually were. Fiat Chrysler has in turn said that all of its vehicles meet European regulations. It is unclear what the fallout will be because Italy, not Germany, is responsible for testing Fiat cars under EU law. So far, the Italian government hasn’t taken any action, although this weekend’s news story might prompt them to take another look. Fiat Chrysler Automobiles NV (NYSE:FCAU) was in 28 funds’ portfolios at the end of March.

Follow Klx Inc. (NASDAQ:KLXI)
Trade (NASDAQ:KLXI) Now!

On the next page, we examine KLX, Transocean LTD, and Petroleo Brasileiro.

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.