Why Are These Five Stocks Registering Gains Today?

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Next up is Alcoa  Inc (NYSE:AA), whose stock has rallied by 2% after the company announced it has signed contracts to provide supplies (titanium, steel, aluminum) to Boeing Co (NYSE:BA) worth more than $2.5 billion.

Hedge funds have been optimistic on the stock, with 46 funds owning shares in the third quarter, up from the 45 funds three months earlier. Seth Klarman‘s Baupost Group is the largest shareholder of Alcoa among the investors we follow, owning a stake of 52.27 million shares.

Follow Howmet Aerospace Inc. (NYSE:HWM)

With the dollar falling and the price of gold up by 1.7% today, shares of Barrick Gold Corporation (USA) (NYSE:ABX) are getting stronger. While the company is working to achieve a debt reduction, yesterday it announced the sale of non-core assets.

Among the funds we track, 40 funds were long Barrick Gold Corporation (USA) (NYSE:ABX) at the end of the third quarter, down from 42 funds three months earlier. First Eagle Investment Management was the largest holder of Barrick Gold Corporation (USA) (NYSE:ABX)’s stock at the end of the quarter and reported 27.85 million shares valued at $177.1 million in its latest 13F filing.

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Disclosure: none.

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