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Here’s Why Traders Are Watching These Stocks Today

The three major indexes are slightly in the red this morning amid earnings releases and weak German economic sentiment numbers.

Several stocks are in the spotlight today, including Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY), MGIC Investment Corp. (NYSE:MTG), Comerica Incorporated (NYSE:CMA), Johnson & Johnson (NYSE:JNJ), and Regions Financial Corp (NYSE:RF). Let’s dive in, take a look at why each stock is trending, and see what the investors from our database think about the companies in question.

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).

Best Selling Videogames in 2015

TK Kurikawa /

Nintendo Passes Sony in Market Cap

Everybody’s favorite momentum stock Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY) just passed Sony Corp (ADR) (NYSE:SNE) in market cap on the Japanese stock exchange last night. The stock has approximately doubled in a short span on the back of the monster popularity of the augmented reality game Pokemon Go. Although Nintendo has to share much of the cash flow of Pokemon Go with various parties, some investors expect the company to introduce a hardware product associated with the game to capture more cash flow. Traders also expect Nintendo to try and catch lightning in a bottle again by introducing augmented reality games/mobile games with its other iconic IP assets such as Mario Brothers.

MGIC Beats

Given the strong U.S. economy, MGIC Investment Corp. (NYSE:MTG) reported better-than-expected results for its second quarter, with EPS of $0.26 on revenue of $263.5 million. Those numbers beat the consensus by $0.06 per share and $8.49 million, respectively. The company added $12.6 billion of high quality new insurance in the quarter, a rise of 6.7% year-over-year. Total insurance in force was $177.5 billion, up from second quarter 2015’s $168.8 billion. Book value per share was $7.37, up from $6.58 at the end of December 2015. Doug Silverman and Alexander Klabin’s Senator Investment Group owned 9.6 million shares of MGIC Investment Corp. (NYSE:MTG) at the end of March.

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On the next page, we examine Comerica Incorporated, Johnson & Johnson, and Regions Financial Corp.