Monday, June 4, 2012

Hot Stock Research for Most Popular Searches: General Motors, General Motors, Texas Instruments, OmniVision, Weatherford, and Starbucks

English: Logo of General Motors Corporation.
English: Logo of General Motors Corporation. (Photo credit: Wikipedia)

VANCOUVER, British Columbia, June 4, 2012 /PRNewswire via COMTEX/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: General Motors GM -4.09% , Groupon GRPN -7.64% , Texas Instruments TXN +0.33% , OmniVision OVTI -1.68% , Weatherford WFT -1.11% , and Starbucks SBUX +3.36% .
(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)
Report Highlights:
General Motors Company GM -4.09% : General Motors ended lower by 19 cents (or down 0.86%) to US$22.01 with more than 29.56 million shares traded hands, compared to its 30 days average volume of 9.72 million shares. On May 1, the company reported that U.S. auto sales in May jumped 11% to 245,256 vehicles, from 221,182 in the same month last year. Sales grew 15% sequentially. The latest monthly increase in sales was driven by strong growth of the company's brands like Chevrolet, GMC and Buick brands, while Cadillac underperformed. Chevrolet sales rose 10% year over year, GMC sales surged 19% and sales of Buick brand gained 19%. However, Cadillac sales slumped 15% during the latest month. The company said that total month-end dealer inventory stood at 701,389 units, fell 1.6% from the previous month. Shares of the company are up 8.50% so far this year and over the past one year, it has lost over 27%. Over the past 52 weeks, the stock has been moving in the range of US$19 and US$32.08. Academic studies clarify that professional investors can get benefit from insider trading data. Do you want to trace this company on an on-going basis? It can be done for free by registering below.
Read Full Report: http://www.insiderslab.com/PR3/060412A/GM/GeneralMotors.pdf
Groupon Inc GRPN -7.64% : Groupon extended its slide on Friday and lost 8.93% on over 23.35 million shares, well above its 30 days average volume of 4.46 million shares. The stock made an all-time low of US$9.53 earlier in the session. The stock was under pressure as the company's insiders divested their holdings after their selling restriction expired on Friday. The stock made debut on Nov. 2011 and jumped 31% on the first day of trading from US$20 IPO price. However, the stock quickly retreated in March after restating its quarterly results and said that it lost more than it originally reported as it had to return more money than it expected. Earlier this month, the company announced to replace a couple of its board members. For the first quarter, the company reported net loss of US$11.7 million, or 2 cents per share, less than a year ago loss of US$146.5 million, or 48 cents a share. Excluding certain costs, the company would have earned 2 cents. Revenue during the latest quarter grew 89% year over year to US$559.3 million from US$295.5 million in the same quarter last year. Marketing costs decreased 49% to US$116.6 million from US$230.1 million a year ago period. For the second quarter, the company projects to generate revenue of between US$550 million to US$590 million. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.insiderslab.com/PR3/060412A/GRPN/Groupon.pdf
General Motors' Chairman and CEO Dan Akerson
DETROIT, MI - JUNE 7: General Motors' Chairman and CEO Dan Akerson (R) speaks at the second annual meeting of shareholders of General Motors Company June 7, 2011 in Detroit, Michigan. Akerson reviewed GM's first full year as a publicly-traded company and plans for the future. (Image credit: Getty Images via @daylife)
Texas Instruments Incorporated TXN +0.33% : Texas Instruments fell in the third session and fell 5.20% to US$27 on hefty volume of 19.51 million shares, above its average volume of 10.29 million shares. Late April, the company had reported a sharp fall in its first-quarter profit as revenue slumped. The company reported net income of US$265 million, or 22 cents a share, down 66% from a year ago profit of US$666 million or 55 cents a share. Revenue during the same period slid 8% year over year to US$3.12 billion from US$3.39 billion, in a year ago quarter. For the second quarter, the company projected to earn 30 cents to 38 cents and revenue of US$3.22 billion to US$3.48 billion. Shares of the company are down 7% so far this year, and over the past one year lost over 20%. Over the past 52 weeks, the stock has been moving in the range of US$24.34 to US$34.37. The stock has a beta of 1.55. As per the latest dividend of 17 cents a share, the stock has dividend yield of 2.52%. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in TXN are starting to buy more company shares. See insider trade report for TXN here.
Read Full Report: http://www.insiderslab.com/PR3/060412A/TXN/TexasInstruments.pdf
Today Insiderslab.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.
OmniVision Technologies, Inc. OVTI -1.68% :
Read Full Report: http://www.insiderslab.com/PR3/060412A/OVTI/OmniVision.pdf
Weatherford International Ltd WFT -1.11% :
Read Full Report: http://www.insiderslab.com/PR3/060412A/WFT/Weatherford.pdf
Starbucks Corporation SBUX +3.36% :
Read Full Report: http://www.insiderslab.com/PR3/060412A/SBUX/Starbucks.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
About Insiderslab.com:
Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

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Friday, June 1, 2012

5 Stocks Hedge Funds Are Buying Like Crazy

Hedge funds disclosed their first-quarter holdings a couple of weeks ago. There has been significant media interest in the most popular stocks among hedge funds. Actually, the rankings didn't change compared to the end of 2011. Apple (AAPL) was still the most popular stock, followed by Google (GOOG) and Microsoft (MSFT). Contrary to popular opinion, long/short equity hedge funds don't trade very frequently. Apple and Microsoft have been among the top three most popular stocks since at least the end of 2010. Investors would have profited handsomely if they had bought these stocks in early 2011.
In this article we are going to take a closer look at stocks that experienced a significant amount of hedge fund interest recently. Some of these stocks have the potential to become hedge fund darlings over the next six months.
Hedge Fund Managers - Lynching Party Needed
Hedge Fund Managers - Lynching Party Needed (Photo credit: smallislander)
1. Illumina (ILMN): Shares were trading above $35 in February before it received an offer from Roche Holdings AG. The stock jumped above $50 after the announcement and that's probably when hedge funds bought in. There were 17 hedge funds with Illumina positions at the end of December. That number stood at 49 on March 31. Unfortunately, Roche's tender offer expired and Illumina currently trades around $44. Hedge funds probably lost more than 10% on this trade. James Dinan and Andreas Halvorsen are among the hedge fund managers who bet more than $100 million on this stock.
American International Group
American International Group (Photo credit: lawrence's lenses)
2. American International Group (AIG): This company is a candidate to become a hedge fund darling. There were 45 hedge funds at the end of March, vs. 21 hedge funds in December that had positions in this name. Bruce Berkowitz has been a long-time AIG investor. His total position in AIG approached $3 billion at the end of March. Robert Pitts' Steadfast Capital, Steve Cohen's SAC Capital, and Leon Cooperman's Omega Advisors initiated new bullish positions in the stock. The government still owns the majority of AIG shares and investors expect the government to sell its shares at around $29, which is the breakeven price for the U.S. Treasury. This creates an overhang and keeps investors away. As the government winds down its stake, we believe AIG could trade above $50 over the next 24 months.
3. Zynga (ZNGA): There were only three hedge funds with Zynga shares at the end of December. However, hedge funds flocked into Zynga during the first quarter as the stock climbed to $15 from its IPO price of $10 in mid-December. By the end of March there were 24 hedge funds, with a total investment of $234 million in Zynga. Unfortunately, the stock lost more than 50% since the end of the first quarter. Christopher Medlock James, Ken Griffin, and Anand Parekh's hedge funds are among the losers.
4. Regions Financial (RF): There were 24 hedge funds in Regions Financial at the end of December. That number jumped to 41 by the end of March. Regions Financial sold its brokerage and investment banking subsidiary, Morgan Keegan, for a total of $1.2 billion, including the $250 million dividend received. The proceeds were used in the repayment of Regions Financial's $3.4 billion TARP obligation. Hedge funds probably predicted that these transactions would act as a catalyst and Regions Financial's stock price would react positively. They were right, as Regions Financial gained more than 50% during the first quarter. We think the opportunity to invest in Regions Financial is gone. Israel Englander, George Soros, and Jeffrey Altman initiated new positions in the stock during the first quarter and profited handsomely (see George Soros' stock picks).
5. Equinix (EQIX): This is another stock with 50%-plus return during the first quarter. Philippe Laffont invested nearly $600 million in the stock during the first quarter. He presented his investment thesis in Equinix at the Ira Sohn Conference. He said Equinix could reach $500 over the next few years. Currently, the stock trades around $160. Laffont isn't the only hedge fund manager who became bullish about the stock recently. Billionaires Jim Simons and Thomas Steyer also initiated new positions in this stock.

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