Alkermes PLC.’s (ALKS) stock has fallen by 21% in 2018 easily underperform the S&P 500 which has a gain of 4%. However, the next few weeks may prove to be pivotal for the company. The company is due to go in front of an FDA advisory panel seeking FDA approval for its depression drug.
Talend SA (TLND) stock has climbed by over 82% in 2018 driven by strong revenue growth. The stock’s growth hasn’t gone unnoticed because hedge funds and institutions were adding the stock to their portfolio in the second quarter. As a result, Whale Wisdom included the stock in the WhaleWisdom 100 Index in the middle of August.
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.