News

Published on 28 Sep 2021 on Insider Monkey via Yahoo Finance

Do Hedge Funds Love The Boeing Company (BA)?


Article preview image

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.

NYSE.HDB price evolution
NSE.HDFCBANK price evolution
ASX.RIO price evolution
LSE.RIO price evolution
NYSE.BA price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Here's Why We Think Rio Tinto Group's (LON:RIO) CEO Compensation Looks Fair for the time being

Key Insights Rio Tinto Group to hold its Annual General Meeting on 4th of AprilCEO Jakob Staushol...

Simply Wall St. via Yahoo Finance 28 Mar 2024

Returns On Capital At Rio Tinto Group (LON:RIO) Have Stalled

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd ...

Simply Wall St. via Yahoo Finance 14 Mar 2024

Kestra Advisory Services LLC Buys 2,638 Shares of Rio Tinto Group (NYSE:RIO)

Kestra Advisory Services LLC raised its stake in shares of Rio Tinto Group (NYSE:RIO – Free Repor...

ETF DAILY NEWS 26 Feb 2024

11 Best Copper Stocks To Invest In According To Analysts

In this article, we discuss 11 best copper stocks to invest in. If you want to skip our discussio...

Insider Monkey via Yahoo Finance 24 Feb 2024

Rio Tinto Group (NYSE:RIO) Q1 2023 Earnings Call Transcript

Rio Tinto Group (NYSE:RIO) Q1 2023 Earnings Call Transcript February 21, 2024 Rio Tinto Group isn...

Insider Monkey via Yahoo Finance 22 Feb 2024

Australian Iron Ore Port Starts Clearing Ships Ahead of Cyclone

(Bloomberg) -- A major port on Australia’s west coast used by Rio Tinto Group to export iron ore ...

Bloomberg via Yahoo Finance 22 Feb 2024

Rio Tinto Group (LON:RIO) is largely controlled by institutional shareholders who own 58% of the...

Key Insights Institutions' substantial holdings in Rio Tinto Group implies that they have signifi...

Simply Wall St. via Yahoo Finance 22 Feb 2024

Anglo American Posts Steep Profit Fall and Lowers Dividend

(Bloomberg) -- Anglo American Plc reported a steep fall in profit and lowered its dividend after ...

Bloomberg via Yahoo Finance 22 Feb 2024

Fortescue’s Profit Jump Defies Downturn for Mining Rivals

(Bloomberg) -- Fortescue Ltd.’s first-half profit surged 41%, beating estimates and bucking a tre...

Bloomberg via Yahoo Finance 22 Feb 2024

Rio Tinto’s Profit Drops 12% as Weaker Commodity Prices Bite

(Bloomberg) -- Rio Tinto Group’s underlying profit fell 12% last year on weaker commodities price...

Bloomberg via Yahoo Finance 21 Feb 2024