Verizon Communications Inc. (VZ) has put together a stellar 2018, rising over 4% versus the S&P 500, which has fallen 7%. The stock has even outperformed the broader index during the latest period of stock market volatility, with shares falling 9% from their highs versus the S&P 500, which has fallen 15%. The stock’s strong performance may be a result of investors seeking safety during volatile times, or it is because investors see significant growth opportunity ahead for the company.
The stock market slide has gone from bad to worse over the past few weeks. Major indexes such as the Russell 2000 and the NASDAQ composite are now in a bear market, down more than 20%. Meanwhile, the S&P 500 and Dow Jones Industrial Average have fallen 16 and 17% respectively. Surprisingly, hedge funds and institutions may not have seen this sudden downturn coming.
ServiceNow Inc. (NOW) has been one of the few technology and software as a service (SaaS) cloud companies to have a great 2018. The stock has climbed 40% this year, a solid showing compared to the S&P 500 which has fallen 3%. The stock has been driven higher by strong revenue and earnings growth. Hedge […]
Facebook Inc.’s (FB) stock has gone from a Wall Street hero to zero in a matter of months. The stock has tumbled 39% since peaking in July around the price of $220 per share. Now the stock trades around a price of $132 and could be heading even lower.
The stock was added to the WhaleWisdom WhaleIndex on May 18, 2015 and has increased 63%, easily beating the S&P 500’s rise of 24%. Despite the strong long-term performance, sentiment has changed quickly.
Nvidia Corp.’s (NVDA) stock had been one of the great growth stories in the stock market over the past five years. The stock has surged by more than tenfold during that time. However, that has all come to a halt since October with the stock crashing, now 43% off its highs. The bad news is that hedge funds and institutions had been buying up shares of the stock and the third quarter was no different.