Published on 28 Sep 2021 on Insider Monkey via Yahoo Finance
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding The Boeing Company (NYSE:BA).
The Boeing Company (NYSE:BA) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 59 hedge funds' portfolios at the end of the second quarter of 2021. Our calculations also showed that BA isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). At the end of this article we will also compare BA to other stocks including Amgen, Inc. (NASDAQ:AMGN), The Charles Schwab Corporation (NYSE:SCHW), and Lowe's Companies, Inc. (NYSE:LOW) to get a better sense of its popularity.
Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.