Stealth Gainers: 5 Under-the-Radar Stocks That Are Flying High Today

U.S stock futures edged higher on Wednesday as oil prices continue to rise and the chances of an interest rate hike in the very near-term has faded. Among the stocks that are gaining heavily today are Bridgeline Digital Inc (NASDAQ:BLIN), Cemex SAB de CV (ADR) (NYSE:CX), Itau Unibanco Holding SA (ADR) (NYSE:ITUB), Seadrill Ltd (NYSE:SDRL), and Helios and Matheson Analytics Inc (NASDAQ:HMNY). Let’s see why these stocks are gaining ground today and check out what top investors think about them longer-term.

At Insider Monkey, we track around 765 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).

Bridgeline Digital Launches iApps Pro

Bridgeline Digital Inc (NASDAQ:BLIN)’s stock has skyrocketed more than 100% so far today after the company announced the launch of its iAPPS Pro product line. iAPPS Pro is an SaaS-based Web Experience Management System for small to mid-scale enterprise companies. The software offers automated marketing features, web content management and ecommerce capabilities. Bridgeline Digital Inc (NASDAQ:BLIN) was held by just one fund in our database on March 31, that being Ken Griffin’s Citadel Advisors.

Cemex SAB de CV’s Subsidiary Offering Notes

Cemex SAB de CV (ADR) (NYSE:CX) is trading 4.5% in the green today after it announced that its subsidiary, CEMEX Finance LLC, is offering senior secured notes denominated in Euros. The company will use the proceeds from the transaction for debt repayments and general corporate purposes. Out of the 766 active hedge funds tracked by Insider Monkey, 18 of them were long Cemex SAB de CV (ADR) (NYSE:CX) as of the end of March. Eduardo Abush’s Waterfront Capital Partners owned just under 1.99 million shares of the company on March 31.

We will discuss why Itau Unibanco Holding, Seadrill Ltd, and Helios and Matheson Analytics are rising today on the next page.

Itau Unibanco Up on Strengthening Brazilian Markets

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is maintaining last week’s rally following the rise in metal prices and Brazil’s strengthening benchmark stock index. Itau Unibanco is also making an effort to deplete its dependency on the Brazilian economy and internationalize its business. It recently completed the merger of its Chilean operation with CorpBanca, which has resulted in the formation of a major bank in Latin America. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is up by 3.16% today.

Cliff Asness’ AQR Capital Management was one of the 15 hedge funds in our database with stakes in Itau Unibanco Holding SA (ADR) (NYSE:ITUB) on March 31, owning over 7.02 million shares of the company.

Seadrill Gaining As Oil Prices Reach New Highs

Shares of Seadrill Ltd (NYSE:SDRL) have gained more than 6% today as oil prices reached new 2016 highs on Wednesday following reports of a decline in U.S crude stockpiles. Supply disruptions in Nigeria and increased Chinese oil imports are also boding well for the Bermuda-based deepwater drilling contractor. 22 hedge funds that we track were long Seadrill Ltd (NYSE:SDRL) as of the end of March, with their positions valued at $110.8 million.

Helios and Matheson Flying High After Zone Technologies Merger

Helios and Matheson Analytics Inc (NASDAQ:HMNY)’s stock has surged by more than 28% today after it announced the acquisition of Zone Technologies, the creator of RedZone Maps, a GPS-based, real-time crime and navigation map application. The two companies plan to increase the app’s AI capabilities in order to compete with Google’s Waze app. In a statement, Helios and Matheson Analytics CEO Pat Krishnan said that the company plans to continue increasing the value of its data so customers can make better decisions. Helios and Matheson Analytics saw the largest trading volume day in the stock’s history on Tuesday.

Disclosure: None