Zacks Market Edge Highlights: Tesla, Micron, Biogen, GameStop and Maxar Technologies
For Immediate Release
Chicago, IL – February 20, 2020 – Zacks Market Edge is a podcast hosted weekly by cks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Stocks the Pros Loved Heading into 2020
Welcome to Episode #213 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Senior Equity Strategist, Kevin Cook, to discuss the latest group of 13-F filings, including juicy tidbits from the filings.
Remember, the 13-Fs are forms filed by professional money managers, including hedge fund managers, who manage over $100 million. Firms must file a record of stocks they bought, and sold, during the quarter with the SEC within 45 days of the end of the prior quarter.
In this case, the forms were due Feb 14, for the fourth quarter of 2019.
While we don’t know when in the quarter the managers were buying, or at what price, we do know how many shares were added to the portfolio and which stocks they sold.
Were the Hot Stocks Hot with the Pros in 2019?
Tesla (TSLA) remains one of the hottest stocks of 2020, but in the fourth quarter of 2019, the stock hadn’t yet seen its price target raised to $7,000.
Giant Scottish investment asset trust company, Baillie Gifford, is among the largest institutional shareholders in Tesla.
David Tepper, at Appaloosa Management, added another 2.1 million shares to his Micron (MU) position in the quarter.
178 firms also added new positions in the stock during the quarter.
What About the Value Investors?
Warren Buffett’s Berkshire Hathaway added a new position in Biogen (BIIB) but it’s tiny compared to the rest of the company’s holdings.
Michael Burry at Scion reduced his GameStop (GME) position by 21%, but it still remains his top holding.
He also added some interesting new names in the quarter, including Maxar Technologies (MAXR) which is a small-cap space technology solutions company.
What else were the big guns buying?
Find out on this week’s podcast.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/performance
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Click to get this free report Biogen Inc. (BIIB) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report GameStop Corp. (GME) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Maxar Technologies Ltd. (MAXR) : Free Stock Analysis Report To read this article on Zacks.com click here.
