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 Traders Are Buzzing About Qualcomm, NXP, Alkermes, Cerecor, and More

Although the earnings reports from various tech giants have grabbed most of the attention today, several other companies are also trending.

In this article, we’ll examine the associated reasons why QUALCOMM, Inc. (NASDAQ:QCOM), NXP Semiconductors NV (NASDAQ:NXPI), DXP Enterprises Inc (NASDAQ:DXPE), Alkermes Plc (NASDAQ:ALKS), and Cerecor Inc (NASDAQ:CERCare among the stocks in the spotlight this morning. We’ll also dig into 13F filings to determine hedge fund sentiment towards each stock.

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).

chip, micro, cpu, processor, black, logic, board, closeup, network, matrix, program, printed, green, white, future, central, compact, micron, data, nanometer, digital, cyber,

Joao Virissimo/

According to Bloomberg, QUALCOMM, Inc. (NASDAQ:QCOM)‘s potential purchase of NXP Semiconductors NV (NASDAQ:NXPI) is moving closer to the finish line. According to the article’s sources, the two parties are said to be in the final stages of talks and a deal could be announced as early as next week, though of course, there is also no guarantee that a deal will go through. The purchase price for NXP is said to be between $110 and $120 per share and the deal will likely be all-cash.

Follow Qualcomm Inc (NASDAQ:QCOM)
Trade (NASDAQ:QCOM) Now!

Of the two companies, the smart money liked NXP Semiconductors NV (NASDAQ:NXPI) more, despite it being far smaller than QUALCOMM, as 57 funds in our system were long NXP at the end of June, compared to 48 funds long QUALCOMM, Inc. (NASDAQ:QCOM).

Follow Nxp Semiconductors N.v. (NASDAQ:NXPI)
Trade (NASDAQ:NXPI) Now!

A day after falling by 17% due to weak preliminary results, DXP Enterprises Inc (NASDAQ:DXPE) shares are down again in extended market trading after it announced the commencement of a primary public offering of 2.7 million shares of common stock. The company intends to use the proceeds of the offering to pay down its outstanding credit facility borrowings. DXP also intends to grant the underwriters of the offering a 30-day option to buy up to an additional 405,000 shares. Jim Simons‘ Renaissance Technologies cut its stake in DXP Enterprises Inc (NASDAQ:DXPE) by 10% in the second quarter to 269,400 shares at the end of June.

Follow Dxp Enterprises Inc (NASDAQ:DXPE)
Trade (NASDAQ:DXPE) Now!

On the next page we’ll examine why Alkermes and Cerecor are surging.

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.