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Why Tripadvisor, Valeant, and 3 Other Equities Are Making Noise This Morning

With the news that Saudi Arabia plans to cut public-sector wages and subsidies by 2020, crude futures are sticking their neck out above  $50 per barrel in the pre-market. Not surprisingly, the S&P 500 and Dow futures are also firmly positive too. Among the stocks traders are buzzing about today are Priceline Group Inc (NASDAQ:PCLN), Tripadvisor Inc (NASDAQ:TRIP), Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Best Buy Co Inc (NYSE:BBY), and HD Supply Holdings Inc (NASDAQ:HDS). Let’s take a closer look at why these stocks are in the spotlight and see how the world’s greatest funds are positioned among these equities.

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).

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Bloomberg Article Shines Spotlight on Priceline and Tripadvisor

Two internet tech companies are trending today after Bloomberg writers Tara Lachapelle and Rani Molla wrote an article speculating that industry titan Priceline Group Inc (NASDAQ:PCLN) could potentially acquire Tripadvisor Inc (NASDAQ:TRIP)In the article, the writers note that Priceline shares have been flat since 2014 and that many of the big industry takeover candidates have already been acquired, including, Kayak, HomeAway, Orbitz, and Travelocity. Seeing as TripAdvisor is one of the industry’s last major public travel take-over candidates in the United States, the authors speculate that Priceline and competitor Expedia Inc (NASDAQ:EXPE) may both have their eyes on TripAdvisor. With TripAdvisor shares down by 16% year-to-date, the time could be ripe for one of the two giants to potentially make a play. An acquisition wouldn’t be cheap, however, given TripAdvisor’s current 34-times TTM EBITDA valuation. Stephen Mandel’s Lone Pine Capital was a top shareholder of Priceline Group Inc (NASDAQ:PCLN) on March 31, while Jonathon Jacobson‘s Highfields Capital Management was a top shareholder of Tripadvisor Inc (NASDAQ:TRIP).

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On the next page, we examine the latest news on Valeant Pharmaceuticals, Best Buy, and HD Supply Holdings.

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