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.

Tesla, GoPro, KCG Holdings, and More: Here’s Why These Five Stocks Are Trending Today

It’s another quiet day on Wall Street as all three major index futures are modestly in the green. In addition, crude futures are up 0.9%.

In this article, let’s find out why the spotlight is shining on Macy’s Inc (NYSE:M), Tesla Inc (NASDAQ:TSLA), GoPro Inc (NASDAQ:GPRO), KCG Holdings, Inc. Class A (NYSE:KCG), and Virtu Financial Inc (NASDAQ:VIRT), each of which are trending for various reasons. Let’s also use the latest SEC 13F filing data to determine smart money sentiment toward the stocks.

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

Tesla Motors Inc (NASDAQ:TSLA), Car, Model S, Sign, Showroom, Brand, Logo, automotive, sales

Hadrian /

Traders are keeping a close eye on Macy’s Inc (NYSE:M) after Reuters reported that Jeffery Smith‘s Starboard Value has divested its stake in the retailer. Starboard, which owned around 3 million shares at the end of December, previously pushed management Macy’s to separate its valuable real estate from its retail segment. Although Macy’s has made some modest moves in that regard, the company hasn’t separated its most valuable properties. Starboard’s retreat will likely give Macy’s management more flexibility to enact a turnaround. Of the 742 elite funds we track, 51 funds owned $875.94 million of Macy’s Inc (NYSE:M) and accounted for 8.00% of the float on December 31, versus 63 funds and $1.34 billion respectively on September 30.

Follow Macy's Inc. (NYSE:M)
Trade (NYSE:M) Now!

Tesla Inc (NASDAQ:TSLA) is trending after the company announced a new capital raise in the form of $750 million in aggregate principal of convertible senior notes and $250 million of common equity. Elon Musk’s company has also given underwriters an option to buy an additional 15% if needed for both offerings. Tesla intends to use the money raised for general corporate purposes, the de-risking of its ambitious production ramp-up program, and to deleverage. 38 top funds had a bullish position in Tesla Inc (NASDAQ:TSLA) at the end of December, up 4 funds from the previous quarter.

Follow Tesla Inc. (NASDAQ:TSLA)
Trade (NASDAQ:TSLA) Now!

On the next page, we find out why the spotlight is shining on GoPro Inc, KCG Holdings Inc Class A, and Virtu Financial Inc.

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.