10 Stocks Hedge Funds Are Buying Heavily
Insider Monkey submits:
Insider Monkey follows hedge fund managers because they're the smartest investors around. They leave less to chance than most investors. They go great lengths to get an “edge” over ordinary investors. Hedge fund managers also have the resources to do extensive research on public companies and they have access to experts who can guide them. We believe we are more likely to beat the market by imitating insiders and hedge funds than trading against them. Based on the transactions of nearly 700 hedge funds compiled by Goldman Sachs in May, we presented the list of top 10 stocks that hedge funds are buying like crazy. Investors who bought these stocks returned 3.2% between May 17th and July 8th, vs. 1.4% return for the SPY. Here is how each stock performed:
Company Ticker Return
APPLE INC AAPL 7.9%
CITIGROUP INC C 2.1%
C I T GROUP INC NEW CIT 1.8%
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