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Why These 5 Stocks Are Surging Today: Rovi, Cheetah Mobile, StemCells, More

It’s a relatively quiet day on Wall Street as all three indexes are close to break-even.

Among the stocks gaining ground on Monday are Lantronix Inc (NASDAQ:LTRX), Rovi Corporation (NASDAQ:ROVI), Cheetah Mobile Inc (ADR) (NYSE:CMCM), StemCells Inc (NASDAQ:STEM), and Momo Inc (ADR) (NASDAQ:MOMO). Let’s find out why traders are buying each stock and use the latest 13F data to see how the world’s best investors are positioned in them.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see the details here).

Wall Street Bull

Wall Street Bull

Lantronix Spikes on Program

Nano-cap Lantronix Inc (NASDAQ:LTRX) is 20% in the green today after the company announced a new premier partner program for ITM resellers. The premier partner program provides discounts and incentives for resellers that might “aggressively expand access to our industry-leading SLC 8000 solution in the marketplace,” according to CEO Jeff Benck. Given the nano-cap nature of Lantronix Inc (NASDAQ:LTRX), only three funds out of the 749 funds in our system that filed 13F’s for the June 30 reporting period, held a stake in the company at that time. As with all nano-caps, investors should exercise due-diligence before buying or selling its shares.

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Rovi Up on Agreement

Investors have bid up Rovi Corporation (NASDAQ:ROVI) shares to the tune of 7% today after Rovi signed a 10-year patent renewal license agreement with a subsidiary of DISH Network Corp (NASDAQ:DISH). The renewal validates the long-term value of Rovi’s IP portfolio with traditional and next-generation pay-TV providers and provides Rovi Corporation (NASDAQ:ROVI) with more predictable cash flow for future years. The number of funds in our database with stakes in Rovi inched lower by two quarter-over-quarter to 22 at the end of June.

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On the next page we’ll examine why Cheetah Mobile, StemCells, and Momo Inc are trading in the green today.