46 Bullish Momemtum Stocks Smart Money Investors Are Buying
Contextuall | Dec 13, 2012 01:50AM ET
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List of hedge fund favorites, with the 50-day simple moving average (SMA50) trading above the 200-day simple moving average (SMA200).
Average Weekly Returns:
Average 1-Week Return of All Stocks Mentioned Below: 2.45%
Average 1-Month Return of All Stocks Mentioned Below: 5.18%
Analysis of List Alpha:
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 20 out of 46 (43.48%)
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 19 out of 46 (41.30%)
Chart: Distribution of 1-Week Returns For All Stocks Mentioned Below
Chart: Distribution of 1-Month Returns For All Stocks Mentioned Below
1. Celldex Therapeutics, Inc. (CLDX): Engages in the development, manufacture, and commercialization of targeted immunotherapies that prevent or treat specific forms of cancer, autoimmune disorders, and diseases caused by infectious organisms. Net institutional shares bought during the most recent quarter at 5.1M shares (8.26% of float at 61.75M shares). 50-day SMA at 5.86 vs. 200-day SMA at 5.06 (current price at 6.69).
2. First Solar, Inc. (FSLR): First Solar, Inc. manufactures and sells solar modules using a thin-film semiconductor technology. Net institutional shares bought during the most recent quarter at 4.7M shares (7.80% of float at 60.22M shares). 50-day SMA at 24.53 vs. 200-day SMA at 20.83 (current price at 32.3).
3. Clearwire Corporation (CLWR): Provides wireless broadband services. Net institutional shares bought during the most recent quarter at 43.7M shares (8.91% of float at 490.71M shares). 50-day SMA at 2.04 vs. 200-day SMA at 1.68 (current price at 2.72).
4. Cheniere Energy, Inc. (LNG): Engages in the ownership and operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines in the Gulf Coast of the United States. Net institutional shares bought during the most recent quarter at 33.3M shares (24.42% of float at 136.38M shares). 50-day SMA at 15.83 vs. 200-day SMA at 15.28 (current price at 17.62).
5. LinkedIn Corporation (LNKD): Operates an online professional network. Net institutional shares bought during the most recent quarter at 7.8M shares (9.01% of float at 86.55M shares). 50-day SMA at 108.43 vs. 200-day SMA at 104.85 (current price at 113.46).
6. Tenet Healthcare Corp. (THC): Operates acute care hospitals and related health care facilities. Net institutional shares bought during the most recent quarter at 10.0M shares (11.10% of float at 90.05M shares). 50-day SMA at 26.05 vs. 200-day SMA at 22.0 (current price at 30.48).
7. Equinix, Inc. (EQIX): Provides data center services for the protection and connection of information assets to enterprises, content providers, financial companies, network service providers, and cloud and IT services companies. Net institutional shares bought during the most recent quarter at 2.2M shares (5.03% of float at 43.70M shares). 50-day SMA at 187.01 vs. 200-day SMA at 172.71 (current price at 199.91).
8. Patterson-UTI Energy Inc. (PTEN): Provides onshore contract drilling services to oil and natural gas operators. Net institutional shares bought during the most recent quarter at 7.7M shares (5.30% of float at 145.35M shares). 50-day SMA at 16.82 vs. 200-day SMA at 16.16 (current price at 17.87).
9. Western Refining Inc. (WNR): Operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. Net institutional shares bought during the most recent quarter at 3.7M shares (6.62% of float at 55.91M shares). 50-day SMA at 26.31 vs. 200-day SMA at 22.88 (current price at 29.27).
10. American International Group, Inc. (AIG): The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. Net institutional shares bought during the most recent quarter at 511.9M shares (41.28% of float at 1.24B shares). 50-day SMA at 33.83 vs. 200-day SMA at 32.09 (current price at 34.79).
11. NRG Energy, Inc. (NRG): Operates as a wholesale power generation company. Net institutional shares bought during the most recent quarter at 15.8M shares (6.96% of float at 227.12M shares). 50-day SMA at 21.56 vs. 200-day SMA at 18.56 (current price at 22.61).
12. Arena Pharmaceuticals, Inc. (ARNA): Focuses on discovering, developing, and commercializing oral drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases. Net institutional shares bought during the most recent quarter at 29.5M shares (13.65% of float at 216.13M shares). 50-day SMA at 8.71 vs. 200-day SMA at 6.93 (current price at 9.08).
13. Akamai Technologies, Inc. (AKAM): Provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Net institutional shares bought during the most recent quarter at 9.0M shares (5.24% of float at 171.73M shares). 50-day SMA at 37.39 vs. 200-day SMA at 35.04 (current price at 40.51).
14. Two Harbors Investment Corp. (TWO): Operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) and related investments. Net institutional shares bought during the most recent quarter at 58.9M shares (20.04% of float at 293.85M shares). 50-day SMA at 11.52 vs. 200-day SMA at 10.52 (current price at 11.69).
15. Pentair, Inc. (PNR): Operates as a diversified industrial manufacturing company worldwide. Net institutional shares bought during the most recent quarter at 12.2M shares (5.90% of float at 206.89M shares). 50-day SMA at 44.91 vs. 200-day SMA at 42.16 (current price at 48.19).
16. Illumina Inc. (ILMN): Develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. Net institutional shares bought during the most recent quarter at 8.8M shares (7.24% of float at 121.61M shares). 50-day SMA at 49.79 vs. 200-day SMA at 45.95 (current price at 53.25).
17. Eaton Corporation (ETN): Operates as a power management company worldwide. Net institutional shares bought during the most recent quarter at 21.6M shares (6.55% of float at 329.68M shares). 50-day SMA at 48.56 vs. 200-day SMA at 45.28 (current price at 52.34).
18. Schlumberger Limited (SLB): Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Net institutional shares bought during the most recent quarter at 81.2M shares (6.15% of float at 1.32B shares). 50-day SMA at 70.80 vs. 200-day SMA at 70.03 (current price at 72.78).
19. Ensco plc (ESV): Provides offshore contract drilling services to the oil and gas industry. Net institutional shares bought during the most recent quarter at 12.7M shares (5.47% of float at 232.18M shares). 50-day SMA at 56.47 vs. 200-day SMA at 52.65 (current price at 58.04).
20. American Eagle Outfitters, Inc. (AEO): Operates as an apparel and accessories retailer in the United States and Canada. Net institutional shares bought during the most recent quarter at 16.0M shares (9.36% of float at 170.90M shares). 50-day SMA at 20.91 vs. 200-day SMA at 18.75 (current price at 20.98).
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21. Cincinnati Bell Inc. (CBB): Provides data and voice communications services over wireline and wireless networks, as well as offers data center operations, related management services, and equipment in the United States. Net institutional shares bought during the most recent quarter at 11.2M shares (6.22% of float at 180.05M shares). 50-day SMA at 5.31 vs. 200-day SMA at 4.35 (current price at 5.33).
22. The Blackstone Group (BX): Provides alternative asset management and financial advisory services worldwide. Net institutional shares bought during the most recent quarter at 30.6M shares (7.59% of float at 403.33M shares). 50-day SMA at 14.69 vs. 200-day SMA at 13.79 (current price at 15.01).
23. Peabody Energy Corp. (BTU): Engages in the exploration, mining, and production of coal. Net institutional shares bought during the most recent quarter at 23.1M shares (8.64% of float at 267.26M shares). 50-day SMA at 25.70 vs. 200-day SMA at 25.58 (current price at 27.64).
24. DDR Corp. (DDR): Operates as a real estate investment trust (REIT) in the United States. Net institutional shares bought during the most recent quarter at 22.3M shares (9.51% of float at 234.42M shares). 50-day SMA at 15.40 vs. 200-day SMA at 14.69 (current price at 15.53).
25. Newcastle Investment Corp. (NCT): Operates as a real estate investment and finance company that invests in and manages a portfolio consisting primarily of real estate securities. Net institutional shares bought during the most recent quarter at 12.0M shares (6.96% of float at 172.50M shares). 50-day SMA at 8.05 vs. 200-day SMA at 6.94 (current price at 8.39).
26. Eagle Materials Inc. (EXP): Distributes, and sells gypsum wallboard, Portland cement, recycled paperboard, and concrete and aggregates. Net institutional shares bought during the most recent quarter at 2.6M shares (5.75% of float at 45.22M shares). 50-day SMA at 51.47 vs. 200-day SMA at 40.10 (current price at 55.31).
27. Owens Corning (OC): Provides composite and building materials systems worldwide. Net institutional shares bought during the most recent quarter at 5.3M shares (5.73% of float at 92.44M shares). 50-day SMA at 33.04 vs. 200-day SMA at 32.01 (current price at 35.24).
28. Zions Bancorp. (ZION): Provides various banking and related products and services in the United States. Net institutional shares bought during the most recent quarter at 33.7M shares (18.79% of float at 179.32M shares). 50-day SMA at 20.78 vs. 200-day SMA at 19.91 (current price at 20.77).
29. Oasis Petroleum Inc. (OAS): Engages in the acquisition and development of oil and natural gas resources primarily in the Williston Basin. Net institutional shares bought during the most recent quarter at 4.1M shares (5.72% of float at 71.68M shares). 50-day SMA at 30.36 vs. 200-day SMA at 28.94 (current price at 30.76).
30. JetBlue Airways Corporation (JBLU): Provides passenger air transportation services in the United States. Net institutional shares bought during the most recent quarter at 13.1M shares (5.59% of float at 234.33M shares). 50-day SMA at 5.17 vs. 200-day SMA at 5.07 (current price at 5.41).
31. Health Care REIT, Inc. (HCN): Engages in investment, development, and management of properties. Net institutional shares bought during the most recent quarter at 33.9M shares (13.11% of float at 258.59M shares). 50-day SMA at 58.94 vs. 200-day SMA at 56.35 (current price at 59.61).
32. Prospect Capital Corporation (PSEC): Prospect Capital Corporation is a mezzanine finance and private equity firm that specializes in late venture, middle market, mature, mezzanine, buyouts, recapitalizations, growth capital, development, and bridge transactions. Net institutional shares bought during the most recent quarter at 13.1M shares (8.07% of float at 162.30M shares). 50-day SMA at 10.99 vs. 200-day SMA at 10.72 (current price at 10.79).
33. Brocade Communications Systems, Inc. (BRCD): Brocade Communications Systems, Inc. supplies networking equipment comprising end-to-end Internet protocol based Ethernet and storage area networking solutions. Net institutional shares bought during the most recent quarter at 25.4M shares (5.59% of float at 454.43M shares). 50-day SMA at 5.62 vs. 200-day SMA at 5.41 (current price at 5.47).
34. DCT Industrial Trust Inc. (DCT): Operates as a publicly owned real estate investment trust. Net institutional shares bought during the most recent quarter at 15.4M shares (5.79% of float at 266.15M shares). 50-day SMA at 6.36 vs. 200-day SMA at 6.04 (current price at 6.32).
35. Pioneer Natural Resources Co. (PXD): Engages in the exploration and production of oil and gas in the United States, South Africa, and Tunisia. Net institutional shares bought during the most recent quarter at 6.2M shares (5.51% of float at 112.45M shares). 50-day SMA at 104.67 vs. 200-day SMA at 100.76 (current price at 105.79).
36. Hudson City Bancorp, Inc. (HCBK): Operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. Net institutional shares bought during the most recent quarter at 29.6M shares (7.38% of float at 400.91M shares). 50-day SMA at 8.15 vs. 200-day SMA at 6.95 (current price at 8.05).
37. CBL & Associates Properties Inc. (CBL): Engages in acquisition, development, and management of properties. Net institutional shares bought during the most recent quarter at 8.0M shares (5.28% of float at 151.63M shares). 50-day SMA at 21.98 vs. 200-day SMA at 19.71 (current price at 22.09).
38. Standard Pacific Corp. (SPF): Operates as a diversified builder of single-family attached and detached homes in the United States. Net institutional shares bought during the most recent quarter at 19.3M shares (16.93% of float at 114.01M shares). 50-day SMA at 6.93 vs. 200-day SMA at 5.89 (current price at 6.79).
39. Kohlberg Kravis Roberts & Co. (KKR): Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. Net institutional shares bought during the most recent quarter at 22.7M shares (10.44% of float at 217.44M shares). 50-day SMA at 14.43 vs. 200-day SMA at 13.59 (current price at 14.07).
40. Health Management Associates Inc. (HMA): Engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. Net institutional shares bought during the most recent quarter at 13.1M shares (6.29% of float at 208.29M shares). 50-day SMA at 7.80 vs. 200-day SMA at 7.27 (current price at 8.15).
41. First Republic Bank (FRC): Provides private banking, private business banking, investment management, brokerage, trust services, and real estate lending services in California, Nevada, and New York. Net institutional shares bought during the most recent quarter at 4.6M shares (6.48% of float at 71.03M shares). 50-day SMA at 33.72 vs. 200-day SMA at 32.68 (current price at 32.14).
42. Hecla Mining Co. (HL): Engages in the discovery, acquisition, development, production, and marketing of silver, gold, lead, and zinc. Net institutional shares bought during the most recent quarter at 15.1M shares (5.32% of float at 284.03M shares). 50-day SMA at 6.12 vs. 200-day SMA at 5.05 (current price at 5.8).
43. Smith & Wesson Holding Corporation (SWHC): Offers metal processing services and manufactures firearms and handcuffs as well as apparel and sportsmen’s articles. Net institutional shares bought during the most recent quarter at 5.3M shares (8.73% of float at 60.72M shares). 50-day SMA at 10.08 vs. 200-day SMA at 8.57 (current price at 9.84).
44. Tiffany & Co. (TIF): Engages in the design, manufacture, and retail of fine jewelry worldwide. Net institutional shares bought during the most recent quarter at 7.2M shares (6.21% of float at 115.99M shares). 50-day SMA at 61.88 vs. 200-day SMA at 61.05 (current price at 57.49).
45. Beazer Homes USA Inc. (BZH): Designs, builds, and sells single-family and multi-family homes in the United States. Net institutional shares bought during the most recent quarter at 9.7M shares (43.17% of float at 22.47M shares). 50-day SMA at 16.28 vs. 200-day SMA at 15.17 (current price at 14.9).
46. Achillion Pharmaceuticals, Inc. (ACHN): Engages in the discovery, development, and commercialization of treatments for infectious diseases. Net institutional shares bought during the most recent quarter at 10.2M shares (16.56% of float at 61.61M shares). 50-day SMA at 9.02 vs. 200-day SMA at 8.03 (current price at 8.02).
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