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Why Canadian Solar, WebMD, BP, Chevron and Exxon Are Making Headlines

The markets are rallying today despite OPEC failing to come to an agreement on freezing crude production. The Dow is up by 82 points, the S&P 500 is 0.37% in the green, while the Nasdaq has rallied by over 0.62%.

In this article, we’ll find out why Canadian Solar Inc. (NASDAQ:CSIQ), WebMD Health Corp. (NASDAQ:WBMD), BP plc (ADR) (NYSE:BP), Chevron Corporation (NYSE:CVX), and Exxon Mobil Corporation (NYSE:XOM) are each trending, as well as how the smart money feels about each one of them using the latest SEC data.

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).

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Canadian Solar Inc. (NASDAQ:CSIQ) shares have surged by 3.7% after the company announced that its wholly-owned subsidiary, Recurrent Energy, has announced a 15-year PPA for 100 MWac of solar power in California with MCE, California’s first operating Community Choice Aggregation program. The power generated will be sufficient to power 48,300 homes and construction will begin in 2017. CEO Dr. Shawn Qu said, “this contract award further expands our contracted pipeline in the U.S. and marks the third and largest PPA between Recurrent Energy and MCE.” Ken Hahn‘s Quentec Asset Management increased its stake in Canadian Solar Inc. (NASDAQ:CSIQ) by 39% in the second quarter to just over 1.02 million shares at the end of June.

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WebMD Health Corp. (NASDAQ:WBMD) is in the spotlight after the company appointed Blake DeSimone as its CFO. DeSimone was previously the Senior Vice President of Finance and will replace Peter Anevski, who is moving on to other things. In conjunction with the appointment of a new CFO, WebMD has also said that it expects third quarter and fiscal year 2016 financial results to be around the high-end of the previous guidance that it set forth in early-August. 27 funds that we track were long WebMD Health Corp. (NASDAQ:WBMD) at the end of the second quarter.

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On the next page we’ll find out why BP, Chevron, and Exxon Mobil are in the spotlight.