Published on 13 Oct 2021 on Insider Monkey via Yahoo Finance
Why These 10 Stocks Are Trending on Wednesday
In this article we will take a look at the some of notable stocks trending today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are Trending on Wednesday.
Although earnings are now in full swing, the markets are relatively quiet this Wednesday with the Dow Jones and the S&P 500 just modestly higher. Among the stocks that are trending include Plug Power Inc. (NASDAQ:PLUG), QUALCOMM Incorporated (NASDAQ:QCOM), Apple Inc. (NASDAQ:AAPL), JPMorgan Chase & Co. (NYSE:JPM), BlackRock, Inc. (NYSE:BLK), Delta Air Lines, Inc. (NYSE:DAL), and SAP SE (NYSE:SAP). Let's find out why each stock is in the spotlight and how elite funds are positioned among them.
Why do we care about hedge fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.