Everyone loves stocks that promise strong performance.
ADVERTISEMENT
CREDIT SUISSE: Hedge funds can't get enough of these 9 stocks
The list was created by looking at the stocks that the most hedge funds bought in the first quarter of 2017.
null
Credit Suisse recently released a list of some of the best stocks according to hedge funds.
The list was created by looking at large-cap companies that saw a big increase in the number of hedge funds holding their stock in the first quarter of 2017. Some of the stocks still are not owned by very many funds, but it could be the beginning of something big for those companies.
All of the stocks on the list have had good returns this year, some as high as 30%. Each stock is listed with the current price, year to date performance, the number of funds that own the stock and the number of funds that added the stock in the first quarter of the year. They are sorted so the most stock with the biggest increase in hedge fund ownership is listed last.
ADVERTISEMENT
If the hedge funds are right, these stocks are the ones to watch for big gains in the future.
Microchip Technology (MCHP)
Current Price: $83.08
Performance in 2017: 29.5%
Number of Invested Funds: 56
ADVERTISEMENT
Change in funds during the first quarter: 14
Data provided via Credit Suisse
Viacom (VIAB)
Current Price: $36.09
Performance in 2017: 2.8%
ADVERTISEMENT
Number of Invested Funds: 55
Change in funds during the first quarter: 15
Data provided via Credit Suisse
L3 Technologies (LLL)
Current Price: $166.93
ADVERTISEMENT
Performance in 2017: 9.7%
Number of Invested Funds: 28
Change in funds during the first quarter: 15
Data provided via Credit Suisse
Bunge (BG)
ADVERTISEMENT
Current Price: $77.97
Performance in 2017: 7.9%
Number of Invested Funds: 32
Change in funds during the first quarter: 15
Data provided via Credit Suisse
ADVERTISEMENT
UnitedHealth (UNH)
Current Price: $179.25
Performance in 2017: 12.0%
Number of Invested Funds: 255
Change in funds during the first quarter: 17
ADVERTISEMENT
Data provided via Credit Suisse
Morgan Stanley (MS)
Current Price: $44.85
Performance in 2017: 6.2%
Number of Invested Funds: 152
ADVERTISEMENT
Change in funds during the first quarter: 18
Data provided via Credit Suisse
Walt Disney (DIS)
Current Price: $107.04
Performance in 2017: 2.7%
ADVERTISEMENT
Number of Invested Funds: 200
Change in funds during the first quarter: 18
Data provided via Credit Suisse
Analog Devices (ADI)
Current Price: $79.74
ADVERTISEMENT
Performance in 2017: 9.8%
Number of Invested Funds: 91
Change in funds during the first quarter: 19
Data provided via Credit Suisse
Bank of America (BAC)
ADVERTISEMENT
Current Price: $23.78
Performance in 2017: 7.6%
Number of Invested Funds: 241
Change in funds during the first quarter: 20
Data provided via Credit Suisse
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT