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 These Stocks Surging Today?

With oil sliding again, U.S. stocks found it hard to enter the green territory today. Energy stocks have dragged the market lower in the first hours of trading, but could not keep them in the red for long, as the indices have recovered and are trying for gains. In this article we’ll talk about Harmony Gold Mining Co. (ADR) (NYSE:HMY), Spirit Airlines Incorporated (NASDAQ:SAVE), Nielsen N.V. Ordinary Shares (NYSE:NLSN), General Steel Holdings Inc (NYSE:GSI) and Akers Biosciences Inc (NASDAQ:AKER), and see why these stocks shot up after the opening bell.

Let’s first take a step back and analyze how tracking hedge funds can help an everyday investor. Through our research we discovered that a portfolio of the 15 most popular small-cap picks of hedge funds beat the S&P 500 Total Return Index by nearly a percentage point per month on average between 1999 and 2012. On the other hand the most popular large-cap picks of hedge funds underperformed the same index by seven basis points per month during the same period. This is likely a surprise to many investors, who think of small-caps as risky, unpredictable stocks and put more faith (and money) in large-cap stocks. In forward tests since August 2012 these top small-cap stocks beat the market by an impressive 53 percentage points, returning over 102% (read the details here). Follow the smart money into only their best investment ideas all while avoiding their high fees.

First up is Harmony Gold Mining Co. (ADR) (NYSE:HMY), whose shares are currently up by 5.6% as gold prices increased as well. The stock has been on a roll since the U.S. Federal Reserve raised the interest rates about a month ago. The weakness stemming from China and increased tensions in the Middle East are pushing gold prices higher, with mining stocks following suit.

Follow Harmony Gold Mining Co Ltd (NYSE:HMY)
Trade (NYSE:HMY) Now!

Harmony Gold Mining Co. (ADR) (NYSE:HMY) is not among the hedge funds’ favorites, with only eight funds among those we track reporting a long position in the stock at the end of 2015 third quarter, down from 10 at the end of June. Israel Englander is very bullish on this particular stock, having made a huge play during the quarter. In its latest 13F filing, Millennium Management has reported a massive increase in its holding to 3.95 million shares, the second largest position among those 8 funds.

Shares of Spirit Airlines Incorporated (NASDAQ:SAVE) shot up after the introduction of its new Chief Executive Officer emerged. Robert L. Fornaro, the former CEO of AirTran Holdings and a member of Spirit Airlines’ board of directors since 2014, is taking over from Ben Baldanza, who managed the company since 2006. With the stock having plunged by 46% last year, today’s rally is a sign that investors take this appointment as a fresh start for the ultra low-cost carrier.

Follow Spirit Airlines Inc. (NASDAQ:SAVE)
Trade (NASDAQ:SAVE) Now!

During the third quarter of 2015, Spirit Airlines Incorporated (NASDAQ:SAVE) gained a vote of confidence from hedge fund managers, with the number of funds invested reaching 39, up from 31 a quarter earlier. Ken Griffin is betting on a turnaround, having boosted his stake by 131% over the quarter. At the end of September, Citadel Investment Group held approximately 2.57 million shares of Spirit Airlines.

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.