Top Undervalued, Outperforming Auto Stocks Being Accumulated By Legendary Fund Managers
By Ganaxi Small Cap Movers:The average automobile industry stock, as represented by the Global X Auto ETF (VROM), is up almost 20% YTD, as the improving economy and easing financing bolsters growth in the sector. Furthermore, there is also emerging a resurgence of sorts in domestic automobile manufacturing, aided by strength in the local markets, as well as rising exports.In this article, via an analysis based on the latest available Q4 institutional 13-F filings, we identify the auto group companies that are being accumulated and those being distributed by legendary or guru fund managers, such as Warren Buffet, George Soros, Carl Icahn, Steven Cohen and Mario Gabelli, that are well-known for their savvy in picking winning stocks year after year. Taken together, these guru managers are bearish on the group, cutting a net $184 million in Q4 to their $19.87 billion prior quarter holdings in the group (for more general information on theseComplete Story »
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