Why Are These Five Stocks in the Spotlight on Monday?

General Electric Company (NYSE:GE)’s stock has declined after the company announced striking a deal to sell the last of its GE Capital business in Australia and New Zealand for $1.34 billion, including debt, to Bain Capital affiliate Sankaty Advisors. The sale of General Electric Company (NYSE:GE)’s Australian and New Zealand commercial lending and leasing businesses is part of a bigger move to reduce the size of GE Capital. Following necessary regulatory approvals, the deal is scheduled to close by the end of the first quarter in 2016. GE will retain the financing businesses that relate directly to its industrial businesses. By the end of June, 70 funds from our database held 1.40% of GE’s outstanding stock.

In another development, the shares of Alibaba Group Holding Ltd (NYSE:BABA) and Marriott International Inc (NASDAQ:MAR) have on the back of the disclosure of an alliance between the two companies to serve Chinese clients with a platform to book their hotel reservations online. Clients of Alibaba Group’s subsidiary Alitrip will have access to Marriott’s international hotel portfolio on their desktops and on mobile through an online flagship store. In the future, the team up expects to look into Alitrip’s “Post Post Pay” to allow the clients to book without paying a deposit and to enjoy an express checkout service. Earlier in September, Marriott International Inc (NASDAQ:MAR) signed a deal with another Alibaba Group Holding Ltd (NYSE:BABA) affiliate  – Ant Financial Services Group – to provide Alipay for Marriott’s hotels and resorts.

A total of 85 funds in our database held 2.30% of Alibaba Group Holding Ltd (NYSE:BABA)’s outstanding stock, while 31 funds reported long positions in Marriott International Inc (NASDAQ:MAR), amassing 2.50% of the company at the end of June.

Disclosure: None