With investors preparing to enter 2016, several interesting trends could have been noticed in the last trading week of December. According to TrackStar data, which includes an analysis of stocks that financial advisors have been searching, several interesting trends emerged in the week between December 27 and January 2. The list of the top 20 most searched stocks was heavily dominated by technology stocks, with nine companies making the list. The healthcare was also widely followed, with five stocks making the top 20. On the other hand, as oil prices have been sliding, it seems that investors have been looking away from energy stock and only one company was ranked in the top 20 (as compared to four companies in the previous ranking that you can see here). With this in mind, let’s take a closer look at some of the highlights from the top 20 most searched stocks among financial advisors compiled by TrackStar, the official newsletter of Intuition, which is a division of InvestingChannel.
Aside from looking at the stocks and the developments that draw the attention towards them, we are also going to see what the smart money investors think about these companies. This is where our research comes in handy. At Insider Monkey, we track the activity of some 730 hedge funds and other institutional investors and, by analyzing their quarterly 13F filings, we determine which stocks these investors are bullish on and which companies have been overlooked by them. This allows us to benefit from the extensive research and experience that these investors employ to generate returns and by focusing on the 15 small-cap stocks that they are collectively fond of, we can obtain significant profits over the long-run (see more details here).
Let’s start with the top of the list, which is represented by Sunedison Inc (NYSE:SUNE), whose stock lost 13% in volatile trading last week. At the end of December, the company said that its subsidiary, Seller Note, LLC, reached an agreement to extinguish the all of its outstanding principal amount of 3.75% Guaranteed Exchangeable Senior Secured Notes due 2020 worth $336 million. The noteholders will obtain membership interest in some of SunEdison’s membership equity interest in renewable energy assets under development and class A shares of TerraForm Power Inc (NASDAQ:TERP). Sunedison Inc (NYSE:SUNE)’s stock jumped on the back of the news, but retracted in the intraday trading on December 30 and closed just 1% in the green.
Despite a recovery in December, Sunedison Inc (NYSE:SUNE)’s stock dropped by more than 72% in 2015, as investors have been concerned about the company’s debt and whether or not the company will be able to fund its projects over the long-run. However, the increasing popularity of solar energy and the company’s exposure to important emerging markets make the stock attractive for the long-run.