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.

Why Are Investors Excited About These 5 Stocks Today?

The markets are going nowhere today, after the IMF cut its global growth forecast for the fourth time over the past twelve months, due to China’s slowdown. For 2016, the IMF now expects the global economy to grow by 3.2%, down from its previous estimate of 3.4%. Despite the dour news, shares of AbbVie Inc (NYSE:ABBV), Helix Energy Solutions Group Inc (NYSE:HLX), Amicus Therapeutics, Inc. (NASDAQ:FOLD), Eagle Bulk Shipping Inc (NASDAQ:EGLE), and Rex Energy Corporation (NASDAQ:REXX) are each higher this morning for various reasons. Let’s take a closer look at what those reasons are and examine what the group of top hedge funds tracked by Insider Monkey thinks of each stock.

Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see the details here).

AbbVie Inc (NYSE:ABBV) is over 1% in the green this morning after the FDA tagged the company’s Venclexta with the Breakthrough Therapy and Priority Review designation. The drug candidate, a potential treatment for patients with chronic lymphocytic leukemia who have 17p deletion and have tried at least one line of therapy, has shown promising efficacy in studies, in which 80% of patients with the refectory chromosomal abnormality have seen their cancer remiss either partially or completely. The number of elite funds in our system with holdings in AbbVie Inc (NYSE:ABBV) fell by eight during the fourth quarter to 70 as of the end of December.

Follow Abbvie Inc. (NYSE:ABBV)
Trade (NYSE:ABBV) Now!

Helix Energy Solutions Group Inc (NYSE:HLX) is 6% higher after analysts at Credit Suisse raised their rating on the stock to ‘Outperform’ from ‘Neutral’ and doubled their price target on it to $10 per share from $5. Rising Brent prices could lead to a recovery in the offshore drilling sector, which Helix Energy stands to benefit from. Shares of the company are naturally correlated with crude prices and will likely rally further if crude jumps. Cliff Asness’ AQR Capital Management was among ten funds in our system that held shares of Helix Energy Solutions Group Inc (NYSE:HLX) at the end of December.

Follow Helix Energy Solutions Group Inc (NYSE:HLX)
Trade (NYSE:HLX) Now!

On the next page, we examine why Amicus Therapeutics, Eagle Bulk Shipping, and Rex Energy Corporation are trending upwards 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.
Loading...