Although all three major indexes are well in the green, several stocks are not enjoying the fruits of the positive market sentiment. In this article, we’ll take a look at the latest movement in the shares of Digital Ally, Inc. (NASDAQ:DGLY), Monster Worldwide, Inc. (NYSE:MWW), Leidos Holdings, Inc. (NYSE:LDOS), Och-Ziff Capital Management Group LLC (NYSE:OZM), and DRDGOLD Ltd. (ADR) (NYSE:DRD), four of the five of which are deep in the red today. We’ll also see what elite funds in our database think of these stocks.
Our research determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).
Profit Taking at Digital Ally
Digital Ally, Inc. (NASDAQ:DGLY) shares are 10% lower as traders take profit from the stock’s huge surge on Friday, after a Dallas shooter killed several police officers. The shooting renewed concerns over gun control and could potentially increase police defense spending. Shares of the company have been extremely volatile, consistently rallying during shootings or other tragic events, and giving back much of those gains after those events fade. Digital Ally, Inc. (NASDAQ:DGLY), which makes security products including on-body and in-car cameras for use by police, was not held by any of the 766 active funds that we track as of the end of March.
Analysts Downgrade Monster Worldwide
Monster Worldwide, Inc. (NYSE:MWW) is 4% in the red after analysts at BMO Capital downgraded the stock to ‘Market Perform’ from ‘Outperform’. Shares of the company have fallen by over 54% year-to-date despite a recent rally due to Microsoft Corporation (NASDAQ:MSFT)‘s acquisition of LinkedIn Corp (NYSE:LNKD). Bullish investors hope management can turn the company around. Shares would certainly look cheap if Monster’s earnings were more sustainable. The internet job portal’s stock currently sports a forward P/E multiple of 8.2. 19 funds in our system were long Monster Worldwide, Inc. (NYSE:MWW) at the end of March.
On the next page we’ll take a closer look at why Leidos Holdings, Och-Ziff Capital Management Group, and DRDGOLD are on the move today.