Exxon Mobil Corp. (XOM), has seen its stock soar in 2019 by 21%, easily outpacing the S&P 500’s rise of 15.3%. The surge has come as a result of oil’s big rebound, following its steep sell-off at the end of 2018. The outlook for the company is bleak, making the certainty of the recent rally […]
For what seems like years, International Business Machines Corp. (IBM) has seemingly been unable to get its act together, plagued by quarter after quarter of declining revenue. The steep stock market sell-off that started in October 2018 resulted in equity falling to its lowest level since 2010 as institutional investors dumped the stock. The stock […]
Micron Technology, Inc.’s (MU) stock plunged by roughly 50% from its May 2018 high of roughly $62 to a December low of $29. Thus far, 2019 has been a better year, with the stock rising by 32%. However, the equity saw some very notable investors significantly reduce their holdings in the fourth quarter of 2018. […]
The shares of Amazon.com Inc. (AMZN) have been range bound for months. What may be most surprising is that Amazon’s stock is still 17% off its September highs, despite a broader market recovery. However, Amazon’s stock has increased more than 26% off its December 24, 2018 lows, despite the S&P 500’s climb of 20%; this […]
While the S&P 500 was tanking in the fourth quarter, some of the smartest hedge funds appeared to be buying. At this point, that bet appears to have paid off. According to the WhaleWisdom Heat Map, the top 150 hedge funds that WhaleWisdom tracks were buying shares of the S&P 500 tracking ETF, the SPDR […]