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.

Trending Stocks: Wal-Mart Stores, GoPro, Bank of America, and More

Opinion polls shifting against Brexit in the UK resulted in rising U.S. stock index futures on Monday.

Some of the stocks that traders should keep an eye on today include JD.Com Inc (ADR) (NASDAQ:JD), Wal-Mart Stores, Inc. (NYSE:WMT), Cincinnati Bell Inc. (NYSE:CBB), GoPro Inc (NASDAQ:GPRO) and Bank of America Corp (NYSE:BAC). This article will look into the events that put these stocks in the spotlight, and analyzes the hedge funds sentiment towards these companies.

Academic research has shown that certain insider purchases historically outperformed the market by an average of seven percentage points per year. This effect is more pronounced in small-cap stocks. Another exception is the small-cap stock picks of hedge funds. Our research has shown that imitating the 15 most popular small-cap stocks among hedge funds outperformed the market by nearly a percentage point per month between 1999 and 2012 (read more details here).


JD.Com to Acquire Yihaodian

Shares of JD.Com Inc (ADR) (NASDAQ:JD) and Wal-Mart Stores, Inc. (NYSE:WMT) are in the green in pre-market trading today after some Chinese media outlets reported that plans to acquire Yihaodian, a Chinese e-commerce platform owned by Wal-Mart Stores, Inc. (NYSE:WMT). The sources said that the China-based eCommerce company is acquiring Yihaodian to form an alliance with Walmart to compete with Alibaba.  With ownership of 55.23 million shares, billionaire Warren Buffett’s Berkshire Hathaway is one of the 54 hedge funds from our database that reported stakes in Wal-Mart Stores, Inc. (NYSE:WMT) as of the end of March. JD.Com Inc (ADR) (NASDAQ:JD) is also popular among the funds tracked by us, with 73 investors bullish on the company at the end of the first quarter. Lei Zhang ‘s  Hillhouse Capital Management owns around 123.20 million shares of the company, according to its latest 13F filing.

Cincinnati Bell is an Attractive Buyout Target

Cincinnati Bell Inc. (NYSE:CBB) is in the spotlight after the investment firm Gabelli & Co, which is owned by GAMCO Investors, a fund that has approximately 13.47 million shares of the company, said in an article on Barron’s that the telephone company is a buyout target and recommended buying shares. Gabelli’s analyst Sergey Dluzhevsky thinks that additional fiber investment by Cincinnati Bell will increase the growth in wireline business, and could make the company an “attractive” acquisition candidate for telecom or cable company. Apart from GAMCO Investors, Jim Simons’ Renaissance Technologies is a notable hedge fund having stakes in Cincinnati Bell Inc. (NYSE:CBB), as of the end of the first quarter.

Move on to the next page to see why GoPro and Bank of America are in the spotlight 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.