The shares of Activision Blizzard Inc (ATVI) and Electronic Arts Inc. (EA) have struggled since peaking in the late summer of 2018. Both of these stocks have seen their prices drop by around 30% since that time. But now, some hedge funds are making big bets that both of these stocks rebound from these depressed levels.
Verizon Communications Inc.’s (VZ) stock has underperformed the S&P 500 by a wide margin in 2019, rising by roughly 9% compared to the S&P 500’s gain of around 29%. Despite the inadequate performance, hedge funds have been actively adding shares of Verizon to their portfolios, and that has resulted in the stock landing on the WhaleWisdom Heatmap.
Starbucks Corp. (SBUX) has been one of the better performing stocks of 2019, with shares racing higher by over 37%. It is easily better than the S&P 500’a gain of about 26% over the same period. However, investors do not appear to be optimistic for the future, with sellers outpacing buyers by approximately 2-to-1 during the third quarter.
It hasn’t been the most fabulous year for Palo Alto Networks Inc. (PANW), with the stock rising by 20.5% and underperforming the broader S&P 500 by five percentage points. Still, the stock was very active among investors during the third quarter, resulting in the shares landing on the WhaleWisdom Heatmap, and the WhaleWisdom Whale Index 100.
Broadcom Inc. (AVGO) has had an active 2019 with the shares surging by over 24%, keeping pace with the S&P 500, which has gained by over 25%. The stock is currently sitting near its all-time highs and could be heading higher as it continues to transform away from being a solely low margin semiconductor business into one with higher-margin software applications.