US stocks extended losses on Monday as the Brexit hangover continues to damage the market sentiment.
Meanwhile, some important stocks are in the spotlight today, including Dicks Sporting Goods Inc (NYSE:DKS), GameStop Corp. (NYSE:GME), TransCanada Corporation (USA) (NYSE:TRP), Alphabet Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB). Let’s take a closer look at the
Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. 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 more details here).
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Dicks Sporting Goods Bids to Acquire 17 Sports Authority Stores
Investors are keenly watching Dicks Sporting Goods Inc (NYSE:DKS) today after Reuters reported that the company had submitted a bid to acquire 17 stores of Sports Authority, the bankrupt Colorado-based sports retailer. The source added that the bids were due Thursday night, and an auction to sell the remaining assets of Sports Authority will be held next week. A bankruptcy court judge will approve the final sale of the assets. Shares of Dicks Sporting Goods have shrunk by more than 3% so far today. As of the end of the first quarter, Glenn J. Krevlin’s Glenhill Advisors owns around 3.37 million shares of Dicks Sporting Goods Inc (NYSE:DKS).
Follow Dick's Sporting Goods Inc. (NYSE:DKS)
Follow Dick's Sporting Goods Inc. (NYSE:DKS)
Telsey Gives Outperform Rating to GameStop
GameStop Corp. (NYSE:GME)’s stock has inched up today after the company was upgraded by Telsey Advisory Group to “Outperform” from “Market Perform.”. The firm has a price target of $35.00 for the Texas-based video game retailer. Among the funds we track, Cliff Asness’ AQR Capital Management has around 2.1 million shares of GameStop Corp. (NYSE:GME) as of the end of the first quarter.
Follow Gamestop Corp. (NYSE:GME)
Follow Gamestop Corp. (NYSE:GME)
Move over to the next page where we discuss TransCanada, Facebook and Alphabet in detail.
