Most Bought By Hedge Funds

Altria (MO) Down 0.5% Since Last Earnings Report: Can It Rebound?

Altria (MO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Cree (CREE) Up 22.8% Since Last Earnings Report: Can It Continue?

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  Willis Towers Watson (WLTW) Up 13.8% Since Last Earnings Report: Can It Continue?

  Zacks

U.S. Steel (X) Up 4.7% Since Last Earnings Report: Can It Continue?

U.S. Steel (X) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

• Why DXC Technology's Stock Is Trading Lower Today

  Benzinga
• Discount Retailer Big Lots Surprises the Street With Earnings Nearly Triple What Was Expected

  Barrons.com

Why Is LKQ (LKQ) Up 5% Since Last Earnings Report?

LKQ (LKQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Prosperity Bancshares (PB) Up 8.9% Since Last Earnings Report: Can It Continue?

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  Why Is PRA Health Sciences (PRAH) Up 7.3% Since Last Earnings Report?

  Zacks

Why General Electric Stock Just Dropped 5%

Shares of industrial giant General Electric (NYSE: GE) tumbled 5% in early trading Friday, and remain down 3.6% as of 10:40 a.m. EDT. What precisely is causing GE stock to fall, however, is a matter of opinion. When considering why a stock as gigantic as GE ($57 billion in market capitalization, $93.5 billion in annual sales) is going down, you have to expect that there will be a lot of factors at work.

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  2020 May Be Another Lost Year For General Electric, But BofA Is Still Bullish

  Benzinga
• GE's stock pulls back after CEO Culp presents at analyst conference

  MarketWatch

Should Value Investors Buy Devon Energy (DVN) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Google Eyes India Telecom Space With Interest in Vodafone

Alphabet's (GOOGL) Google is in talks to acquire a minority stake in Vodafone Idea in a bid to expand footprint in the telecom market of India.

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  Google and Microsoft reportedly considering stakes in telecom firms in India after Facebook deal

  TechCrunch
• Google Considers Stake in India’s Vodafone Idea, FT Says

  Bloomberg

Hedge Funds Cashing Out Of LKQ Corporation (LKQ)

In this article you are going to find out whether hedge funds think LKQ Corporation (NASDAQ:LKQ) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]

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  Here is How Hedge Funds Traded Expedia Group, Inc. (EXPE) Recently

  Insider Monkey
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  Laboratory Corp. of America Holdings (LH): Are Hedge Funds Right About This Stock?

  Insider Monkey

GE’s stock loses nearly 10% in 2 days after CEO Larry Culp warns cash burn will increase

Shares of General Electric Co. sank Friday, and have lost nearly 10% over the past two sessions, after Chief Executive Larry Culp tempered recovery hopes with a more-negative outlook for free cash flow.

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  GE CEO Sees Cash Burn of as Much as $4.5 Billion This Quarter

  Bloomberg
• GE Warns Aviation Will Ding Cash Flow. Here’s What Wall Street Is Saying.

  Barrons.com

Is Devon Energy Corporation (DVN) A Good Stock To Buy?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

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  Hedge Funds Have Never Been This Bullish On United Parcel Service, Inc. (UPS)

  Insider Monkey
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  Hedge Funds Are Nibbling On 180 Degree Capital Corp. (TURN)

  Insider Monkey

Big Tech Eyeing Indian Telcos

Speculation is rife about U.S. tech giants grabbing stakes in Indian telcos.

Bristol-Myers Squibb (BMY) Stock Sinks As Market Gains: What You Should Know

Bristol-Myers Squibb (BMY) closed at $59.72 in the latest trading session, marking a -0.15% move from the prior day.

Do Hedge Funds Love Dropbox, Inc. (DBX)?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

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  Hedge Funds Are Nibbling On 180 Degree Capital Corp. (TURN)

  Insider Monkey
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  Hedge Funds Watching Xtant Medical Holdings, Inc. (XTNT) From Afar

  Insider Monkey

Hedge Funds Are Selling Altria Group Inc (MO)

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

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  Hedge Funds Have Never Been This Bullish On Live Nation Entertainment, Inc. (LYV)

  Insider Monkey
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  Is NL Industries, Inc. (NL) A Good Stock To Buy According To Hedge Funds?

  Insider Monkey

Penny Stocks to Buy Using Technical Analysis for June 2020

These low-priced stocks may prove exempt from a potential downtrend based on their bullish technical signals.

Here is How Hedge Funds Trading Caesars Entertainment Corp (CZR)

In this article we will take a look at whether hedge funds think Caesars Entertainment Corp (NASDAQ:CZR) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]

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  Hedge Funds Started Cashing Out Of TD Ameritrade Holding Corp. (AMTD)

  Insider Monkey
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  Hedge Funds Have Never Been This Bullish On Edwards Lifesciences Corporation (EW)

  Insider Monkey

Better Buy: Baker Hughes vs. Core Laboratories N.V.

If you like investing when there's blood in the streets, you might be looking at Baker Hughes and Core Labs. Is one a better option?

2020 May Be Another Lost Year For General Electric, But BofA Is Still Bullish

It's been another difficult year for General Electric Company (NYSE: GE) investors, with the stock down another 40.7% year to date to under $7.One Wall Street analyst said GE's 2020 sell-off is a buying opportunity for long-term investors, but they should keep their near-term free cash flow expectations in check.The GE AnalystBank of America analyst Andrew Obin reiterated his Buy rating and $11 price target for GE stock.The GE ThesisGE and its investors started off the year with relatively high hopes for FCF. At an investor conference this week, GE CEO Larry Culp suggested the economic downturn will likely make 2020 another negative FCF year for GE.GE is now projecting negative industrial FCF of between $3.5 billion and $4.5 billion in the second quarter alone.Looking ahead, Obin said he anticipates a slow pace of recovery for GE's aviation business. However, he projects a stronger rebound in GE's health care business given orders for products diagnosing and treating COVID-19 more than doubled in the second quarter. Meanwhile, supply chain issues impacting GE's power and renewables segment are improving, and the company is on track to ship at least 45 heavy-duty gas turbines in 2020.While the downturn has been a bump in the road for GE, Obin said he believes GE should be able to weather the storm."We see GE having the financial flexibility to weather near-term revenue declines and continue its turn-around progress," he wrote in a Friday note.Benzinga's TakeIt seems GE's financial situation is far better than it has been in recent years, and the company's balance sheet is stable and flexible enough to endure yet another difficult year. However, GE investors are likely growing tired of hearing about how a turnaround is just around the corner after years of underperformance and lackluster FCF and earnings numbers.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:How Trading In Ford, GE And Other Volatile Stocks Could Be Linked To Casino Closures Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'Photo credit: Momoneymoproblemz, via Wikimedia CommonsLatest Ratings for GE DateFirmActionFromTo May 2020UBSMaintainsBuy Apr 2020Credit SuisseMaintainsNeutral Apr 2020UBSMaintainsBuy View More Analyst Ratings for GE View the Latest Analyst Ratings See more from Benzinga * Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

How This Week Highlights the Challenges Facing General Electric Stock

I've been a skeptic toward General Electric (NYSE:GE) stock for some time now. Truthfully, I'm not too happy about it.Source: Sundry Photography / Shutterstock.com After all, General Electric once was one of America's greatest and most innovative companies. It provided thousands of employees with stable jobs and generous retirement plans. GE stock was a core holding of pension funds and individual investors.Sadly, that's no longer the case. General Electric offers many fewer jobs: its workforce shrunk 28% worldwide in 2019. And GE stock, almost incredibly, touched a 29-year low this month. Its dividend has been cut -- twice.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is sad. But it's still the reality. Investors need to react accordingly. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure While I still hold out hope for General Electric, I can't yet recommend that investors put their own hard-earned money behind the company's turnaround plans. Two pieces of news this week show why. GE Exits the Lighting BusinessOn Wednesday, General Electric announced that it had sold off its Lighting business. It is the end of era. After all, General Electric traces its history back to Thomas Edison and the light bulb he invented. That link has now been severed.Perhaps more importantly, as Bloomberg noted, GE is no longer a consumer company at all. Many of us remember the company's iconic "we bring good things to life" ad campaigns of the late 20th century. But GE Appliances now is owned by Germany's Haier (OTCMKTS:HRELF). The lighting business was sold to privately held Savant Systems.There's more than symbolism to the deal, however. According to the Wall Street Journal, GE Lighting sold for just $250 million. Over half of that was assumed liabilities. And it came after GE spent years trying to exit the business, during which time it sold off its Current LED business and some overseas operations as well.What the deal, and the process leading up to it, provides is another example that GE simply isn't what it used to be. Older investors, in particular, may have a sense of General Electric that simply isn't accurate anymore.As I've written before, General Electric's response to everything for years now has been to shrink. That process continues.GE stock did rally 8% on the news, but that gain seems driven more by bottom-fishing on a green day for the market than the transaction itself. $250 million simply isn't that material against a market capitalization still in the range of $60 billion. It's obviously not enough to offset the concerns that are keeping GE stock well into the single digits. Culp Speaks and GE Stock FallsTo be fair to GE, the decision to continually shrink the business isn't necessarily the wrong move. Chief executive officer Larry Culp is widely respected after his enormously successful tenure at Danaher (NYSE:DHR), and with good reason.But that's precisely the point. If GE could grow, Culp would be trying to drive growth. But with the company beset by a still-troublesome balance sheet and significant pension obligations, the focus has to be on getting the company back on solid footing first.The coronavirus has upended those plans. It has hammered GE's Aviation business, which counts Boeing (NYSE:BA) as a key customer.That in turn is testing investor patience. Culp said at a conference Thursday that GE would burn $4.5 billion in cash in the second quarter alone. GE stock fell 7% in response.The issue isn't just Aviation, but GE Capital. That unit finances aircraft, and as Culp put it "is seeing a good bit of pressure" from customer deferrals.The weakness from aircraft isn't ending in the second quarter. It's likely not ending in 2020, or even 2021. An investor need only look at the share prices of American Airlines (NASDAQ:AAL) or Delta Air Lines (NYSE:DAL) to see what the market is pricing into those stocks.There's simply not that much slack in GE's free cash flow profile right now to manage that kind of multi-year pressure. Even before the coronavirus hit, GE was guiding for industrial free cash flow (i.e., excluding GE Capital) of just $2 billion to $4 billion. If Aviation is down for the count, free cash flow stays flattish at best. And that leaves GE with little in the way of options. A Tough SpotThe problem for GE stock at this point is that the company has to fix its balance sheet through free cash flow. It's pulled all of the other levers.Again, it's sold businesses, including the $21 billion sale of GE Biopharma to Danaher that closed earlier this year. There's really nothing left. GE Power is in the midst of a turnaround, Aviation is in trouble, Renewable Energy is small (and providing some growth), and Healthcare is the profit center.Simply put, GE has to start making money. It's not doing so. And, again, I don't think that's necessarily the fault of Culp. It's largely the result of past decisions, among them the disastrous acquisition of Alstom that closed in 2015.Whatever the cause, GE simply isn't a leader anymore. It's not a giant. It's not an innovator. GE is not what it was. What the news from this week reinforces is that General Electric simply is a cash-burning company trying to turn itself around. And even in a best-case scenario, it likely has years left of work to do.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post How This Week Highlights the Challenges Facing General Electric Stock appeared first on InvestorPlace.

The 9 Best Cheap Stocks to Fill Up On Now

* AT&T (NYSE:T) * Altria Group (NYSE:MO) * RCI Hospitality (NASDAQ:RICK) * Molson Coors Beverage (NYSE:TAP) * Anheuser-Busch InBev (NYSE:BUD) * Yamana Gold (NYSE:AUY) * Simon Property Group (NYSE:SPG) * ViacomCBS (NASDAQ:VIAC) * Champignon Brands (OTCMKTS:SHRMF)Although it's natural to mourn the cessation of the bull market, from another perspective, the novel coronavirus has gifted patient investors with a once-in-a-lifetime opportunity. Previously, so many companies had fundamentally strong business, but were gutted once the pandemic struck. Now, these stalwarts can be reasonably considered cheap stocks to buy.Better yet, no matter what your thoughts are on the market's trajectory, investors should be looking to advantage these lows. For instance, if you still believe in a quick, V-shaped economic recovery, then acquiring cheap stocks now would see you earn a swift profit.However, if we take the opposite road and slog it out through years of frustration, this would still be a net positive -- unless you must cash out now for whatever reason. That's because a slow recovery allows you to build a robust portfolio of high-quality names. By the end of these trials, you'll thank yourself for thinking ahead.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the same time, not all cheap stocks to buy are viable bets for the long haul. As the bankruptcies of once-iconic American companies have demonstrated, we are still in the midst of an unprecedented calamity. Therefore, even solid names will likely suffer volatility, especially if we have an extended recovery.For this list of discounted companies, I'm primarily looking at businesses that can ride out the present calamity; hence, my focus on the vice industry. As well, I'm considering investments that may not find favor now but should have long-term upside. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure As with any pick you're considering, you should already acknowledge that turbulence is a given. Implement common-sense risk mitigation and you'll likely do well with these cheap stocks. AT&T (T)Source: Roman Tiraspolsky / Shutterstock.com AT&T is not only regarded among many analysts as one of the best cheap stocks to buy during this crisis, it's also incredibly boring. But remember, in the new normal, boring typically means stable, and stability is a very good thing. Here, this translates to T stock sporting a nearly 7% dividend yield.Additionally, AT&T features a forward price-earnings ratio of 9.5. That's incredibly low compared to both the telecommunications industry and broader benchmarks. Still, there's a reason for the discount. Over the years, the company has become very bloated, with some high-dollar decisions not working out favorably.Still, it's possible that the market is focusing too much on the negatives of T stock and not enough on the positives. For instance, the 5G network rollout will provide years of support for AT&T. In addition, the company owns HBO, which gives AT&T's streaming service much more gravitas than the competition. Altria Group (MO)Source: Kristi Blokhin / Shutterstock.com Admittedly, in the pre-pandemic years, Altria Group was disappointing. As you know, smoking rates are on the decline. Even worse, a new competitor, vaporizers or e-cigarettes, began providing a cleaner alternative to combustible cigarettes.However, MO stock became interesting when Altria invested heavily in Juul. However, underage vaping controversies saw Juul hit with lawsuits and ugly public accusations. Invariably, Altria's stake in Juul turned into a debacle.So, with all that, does Altria really belong in this list of cheap stocks to buy? While the headlines look terrible for the tobacco giant, the coronavirus may provide a surprising catalyst. According to research in Canada, recessions have a positive impact on smoking and imbibing rates. * 7 Cheap Stocks to Buy With Great Potential If this translates stateside -- and there's no reason to believe it wouldn't -- smoking rates could rise. Also, growing tensions between the U.S. and China may restrict vaporizer sales, which would cynically benefit Altria. RCI Hospitality (RICK)Source: Shutterstock Due to its universally attractive -- though admittedly shady -- business, RCI Hospitality is usually a solid bet, irrespective of broader market conditions. While RICK stock has seen a significant rise in value since hitting a bottom in March, shares are still sharply discounted relative to their pre-pandemic highs.But can RCI make good as a recession-resistant investment under these trying times? I will concede that this is a riskier proposition compared to other cheap stocks. Certainly, new normal protocols such as social distancing don't help when you're in the gentlemen's business. Still, this industry did very well, relatively speaking, during the Great Recession. I wouldn't be surprised if RICK stock provides an encore performance.At the end of the day, RCI meets a human need for close companionship that no technology can replicate. Granted, it's a cheap, twisted take on said companionship, but the demand is there. Molson Coors Beverage (TAP)Source: JHVEPhoto / Shutterstock.com Another vice-related company, Molson Coors Beverage is more palatable for investors than RCI. I mean that figuratively and literally. As a provider of multiple beer brands, including low-cost, budget-friendly beers like Coors Light and Keystone Light, Molson Coors has distinct relevance during our troubles.For many of us, drinking booze is a way to help get the edge off. Obviously, with the quarantines and social isolation, along with mass uncertainty over the viability of our economy, many reasons exist to knock down a cold one. But so far, it's TAP stock that's the one getting knocked down.Currently, shares are trading at levels last seen in the early years of last decade. What gives? * 25 Stocks to Buy for the Reopening Rally Unfortunately, shuttered restaurants have had a huge impact on Molson Coors and several other beverage makers. But with most states reopening -- and some blatantly ignoring common sense -- it's possible that cheap beer will start flowing again. Therefore, you'll want to keep Molson on your list of cheap stocks to consider. Anheuser-Busch InBev (BUD)Source: legacy1995 / Shutterstock.com Similar to Molson Coors, Anheuser-Busch specializes in cheap beer. For many years, Anheuser's flagship brand, Bud Light, has been the most popular beer in America, followed by Coors Light. Personally, I like the taste of Coors Light as far as cheap light beer goes. But Bud Light? It's simply awful.However, the customer is always right. And for the long term, you don't want to fight the tape on BUD stock. Right now, though, shares are at a remarkable discount. With BUD, you have to go back to the Great Recession years to see prices this low.Understandably, that might raise concerns. Typically, cheap stocks are cheap for a reason. In this case, Anheuser-Busch got rattled by the mass restaurant closure. Also, all popular cheap beer brands suffered a massive revenue reduction due to the quarantining of sports.However, the eventual return of sports -- as NASCAR demonstrated -- augurs well for BUD stock. Sure, there many not be fans in the stands but that will change over the next few years. Additionally, sports events provide an incentive for increased grocery sales of cheap beer, which is a net positive for this industry. Yamana Gold (AUY)Source: Shutterstock Fundamentally, you wouldn't consider Yamana Gold cheap. Currently, shares sport a forward P/E ratio of 31.5, which is high compared to the metals and mining industry. But on a technical basis, it's still one of the cheap stocks that you can pick up below double-digit prices.I'll freely concede that such thinking alone is a terrible reason to buy equity in an organization. But AUY stock is riding on the enthusiasm of the gold market. And while the yellow metal has frustrated many investors over the years, this time is different.Yes, those may be the four most dangerous words in investing. However, when Federal Reserve Chair Jerome Powell states that the U.S. economy faces unprecedented risks, this phrase is justified. * 7 Excellent Penny Stocks Ready to Roar Further, the labor market continues to print an ugly picture. Over a nine-week period, 40 million Americans filed for initial jobless claims. This number will probably continue to rise uncomfortably, giving AUY stock a cynical edge. Simon Property Group (SPG)Source: Jonathan Weiss / Shutterstock.com Usually, being the biggest U.S. operator in an industry is cause for celebration. But for Simon Property Group, which specializes in shopping malls, this distinction suddenly became a liability. Obviously, with the onset of stay-at-home orders, social distancing protocols and a sense of fear over contracting Covid-19, very few people could -- or even wanted -- to leave their homes. Naturally, SPG stock tanked.However, shares might interest risk-tolerant contrarians. I must be clear: This is among the riskiest of risky cheap stocks. Therefore, I wouldn't recommend spending a dime more than what your dumb money allocation allows.That said, Simon Property will gradually open stores as states lift their restrictions. As out-of-state travel data revealed, pent-up demand caused many Americans to run to regions that first reopened their businesses. We could see a similar dynamic play out for SPG stock.Another reason to be optimistic is that the company owns a large portfolio of outlet malls. Although traditional department stores are out of favor, retailers offering discounts will never go out of style. ViacomCBS (VIAC)Source: Jer123 / Shutterstock.com At first glance, you'd expect the quarantines to help lift ViacomCBS. Although a traditional content and entertainment powerhouse, ViacomCBS offers mainstream programs that many viewers find compelling. Yet that didn't help VIAC stock on the technical front, with shares plummeting throughout much of February and March.To be fair, VIAC has found robust momentum since hitting its March bottom. Despite that, shares are still discounted relative to their beginning-of-year price. Thus, ViacomCBS qualifies as one of the cheap stocks to buy amid this pandemic.More importantly, VIAC stock has a credible upside pathway. Mainly, the underlying company probably slipped into the background as pure streaming plays like Netflix (NASDAQ:NFLX) stole its thunder. However, as we work through this crisis, ViacomCBS becomes more compelling. * 10 Lithium Stocks to Buy Despite the Market's Irrationality For one thing, ViacomCBS has trusted news brands, which is more crucial than ever before. Additionally, the return of sports -- even in a mitigated fashion -- is a net positive for VIAC due to its live broadcasts. Champignon Brands (SHRMF)Source: Shutterstock Technically the cheapest of the cheap stocks on this list, Champignon Brands can be had for less than two bucks. Admittedly, this announcement will cause many investors to turn away from this company, and that's a good thing. You don't want to touch SHRMF stock if you can't take the heat.But if you can stomach the volatility, Champignon could be one of the most exciting opportunities available. Levered toward the burgeoning psychedelic medicine industry, SHRMF stock may strike you as another vice name. Actually, it's much more than that. Psychedelics offer profoundly positive implications toward addressing mental health issues.Most notable of all, Champignon Brands operates in a market that features incredibly high barriers to entry. Unlike cannabis, which anyone with enough drive can engage, psychedelics are strictly controlled by the federal government. Thus, your money is going to medicinal research, not toward a shady retail market.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he is long AT&T, Altria, gold bullion and Champignon Brands. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post The 9 Best Cheap Stocks to Fill Up On Now appeared first on InvestorPlace.