Amgen, Inc.’s (AMGN) stock has been hot since the end of the third quarter, rising about 1%. It does not sound impressive, but then again the broader S&P 500 has fallen 5% over the same time, while the iShares NASDAQ Biotechnology ETF (IBB) has fallen 11%. The recent rise in the stock should not be […]

What is surprising is that smart money hedge funds where holding IBM during the second quarter of 2018. IBM remained on the WhaleWisdom Heatmap but fell to number 99 from 58. Since the second quarter ended the shares of IBM have risen by over 8% even beating the S&P 500’s gain of 7%.

Lowes Companies Inc.’s (LOW) stock has been on fire increasing by over 40% since early May; outperforming Home Depot Inc. (HD) and the S&P 500 during that time. The top 150 hedge funds WhaleWisdom tracks for its heat map where adding the home improvement retailer to their portfolios during the second quarter.  The buying was convincing enough for WhaleWisdom to include the stock in the WhaleWisdom WhaleIndex 100.

Intel Corp’s. (INTC) stock has been hammered since the beginning of June, falling by more than 20 percent from its highs. It shouldn’t come as a surprise that hedge funds and institutions were dumping the stock during the second quarter.

General Electric Co.’s (GE) stocks fall from grace has been legendary. Shares have plunged by almost 50 percent over the past year. But, even worse, the stock was removed from the Dow Jones Industrial Average. It was a position the company had held since the year 1907. So, when famous investors start to buy a battered stock like GE, one should take notice.