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.

Investors Are Buzzing About These Stocks Today

With WTI futures now at $42.61 per barrel due to the weaker dollar and the labor strike in Kuwait, the S&P 500 and Dow Jones are each comfortably higher today. Among the stocks on the move in today’s relatively low-volatility climate are Denbury Resources Inc. (NYSE:DNR), ArcelorMittal SA (ADR) (NYSE:MT), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), GigPeak Inc (NYSEMKT:GIG), and Chemours Co (NYSE:CC). Lets examine why each stock is moving and see how the smart money tracked by Insider Monkey is positioned in each of them.

Our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).

Denbury Higher Due to the Rising WTI

Denbury Resources Inc. (NYSE:DNR) shares have surged by 10% out of the gate on the back of stronger WTI prices. Although last weekend’s meeting in Doha ended in abject failure after Saudi Arabia and Iran failed to see eye-to-eye on a freeze, the strike in Kuwait has solved the over-supply problem all by itself, sending supply down by around 1.7 million barrels per day. How long the strike lasts is up for debate, however. For the bulls, the longer the better. In other news, Denbury Resources announced that its borrowing base was cut to $1.05 billion from the previous $1.50 billion. 17 top funds in our database owned shares of Denbury Resources Inc. (NYSE:DNR) at the end of December.

Follow Denbury Resources Inc (NYSE:DNR)
Trade (NYSE:DNR) Now!

ArcelorMittal Up 3% on Better Sentiment

ArcelorMittal SA (ADR) (NYSE:MT) is 3% in the green today on the strength of the lower dollar. The lower dollar means more emerging market growth, which means more steel demand. ArcelorMittal’s bondholders also tendered less than half of the bonds (of 1.5 billion euros) that the company wanted to buy back according to a statement released on Tuesday. Whether that’s a smart move depends on how long the oversupply situation in the industry lasts. Like the oil producers in Doha last weekend, China and major steel producers failed to reach a deal on Monday to solve global steel overcapacity. 16 top funds that we track in our database owned 2.8% of ArcelorMittal SA (ADR) (NYSE:MT)’s float at the end of December.

Follow Arcelormittal S A Luxembourg (NYSE:MT)
Trade (NYSE:MT) Now!

On the next page, we examine why Calumet Specialty Products Partners LP, GigPeak Inc, and Chemours Co. all have the interest of investors today.

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.
Loading...