What Is Driving These Stock’s Growth Today?

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The major US indices inched down on Wednesday amid a decline in oil prices. Nevertheless, a number of stocks are registering considerable gains on strong volumes, including One Horizon Group Inc (NASDAQ:OHGI), Sunedison Inc (NYSE:SUNE), Weight Watchers International, Inc. (NYSE:WTW),  and ArcelorMittal SA (ADR) (NYSE:MT). With this in mind, let’s take a closer look at the developments that sent these stocks higher today and see if the smart money sentiment agrees with today’s trends.

We compile the smart money sentiment based on 13F filings of around 730 investors that we follow as part of our small-cap strategy. Through extensive research, we determined that following these funds into some of the stocks that they are collectively bullish on, can help retail investors generate market-beating returns over the long run. The key is to focus on the small-cap picks, which are usually undervalued and carry significant intrinsic value. Our strategy involves imitating a portfolio of 15 most popular stocks among the funds we track and it has returned 102% since August 2012, outperforming the S&P 500 ETF (SPY) by some 53 percentage points (see more details here).

Let’s start with One Horizon Group Inc (NASDAQ:OHGI), whose stock has surged by over 24% on a very high volume. Earlier today, the company has announced that it upgraded its China mobile VoIP telco Aishuo. The upgrade allows the purchase of communication-stickers. The company also said that Aishuo has registered a considerable growth with more than 12 million downloads in the past nine months. This allowed the revenues from the segment to increase by 100% for the each of the last three quarters. However, among over 730 funds from our database, just one reported a position in the company: Ken Griffin’s Citadel Investment Group, which held 13,240 shares of One Horizon Group Inc (NASDAQ:OHGI) at the end of the September.

Follow One Horizon Group Inc. (NASDAQ:OHGI)

On the next page, we are going to discuss what has been driving the appreciation of SunEdison, Weight Watchers International and ArcelorMittal.

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