Why Valeant, Tesla, Citrix Systems, Ruby Tuesday, and Stellar Biotechnologies Are in the Spotlight

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Although the FOMC meets on Tuesday and Wednesday, the market hasn’t been as volatile as it used to be. In previous quarters, the market would often sell off during the preceding days, only to rally when the Fed revealed that it would be accommodative. Now, the market has basically been in bull rally mode, and volatility is low.

While the broader market might not be as volatile as it used to be, shares of five stocks, Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Tesla Inc (NASDAQ:TSLA), Ruby Tuesday, Inc. (NYSE:RT), Stellar Biotechnologies Inc (NASDAQ:SBOT), and Citrix Systems, Inc. (NASDAQ:CTXS), are nevertheless in the spotlight. Let’s analyze why each stock is trending and see how elite funds are positioned among them.

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Tesla Motors Inc (NASDAQ:TSLA), Car, Model S, Sign, Showroom, Brand, Logo, automotive, sales

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) shares are down sharply after CNBC reported that Bill Ackman’s Pershing Square had exited out of its position in the pharmaceutical giant, selling 27.2 million shares for $11 a piece. Ackman was previously a big bull of the company and believed that Valeant Pharmaceuticals Intl Inc (NYSE:VRX) could be turned around. Although the fund also sold for tax-loss purposes, it seems that Ackman believes there are better buys out there. Valeant has a considerable debt load that burdens the company.

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Tesla Inc (NASDAQ:TSLA) is in the spotlight after Andrew Left of Citron Research revealed that he covered his short on Tesla Inc (NASDAQ:TSLA). A long time bear, Left apparently switched to flat due to the fear that Tesla bulls might use Intel’s recent agreement to purchase Mobileye as an excuse to squeeze the bears. Given the bull market, shorting is extremely dangerous, especially for cult stocks such as Tesla. 38 elite funds had a bullish position in Tesla Inc (NASDAQ:TSLA) at the end of the fourth quarter, up 4 funds from the previous quarter.

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On the next page, we examine Ruby Tuesday Inc, Stellar Biotechnologies Inc, and Citrix Systems Inc.

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