Do your own due diligence, but for what it’s worth:
Omnicom Group (OMC): OMC has recently caught the sight of hedge fund managers and it has been actively traded since last few weeks. The reason for this is quite obvious. Omnicom had called a meeting to announce the earnings for the second quarter of fiscal year 2011 and the results are positive. The company has announced strong operating results for 2011. OMC is a hit this week, since the analysts believe the stock’s value is going to almost double in the following year.
American International Group (AIG): AIG lost $41.41 this year as it tumbled to its 52 week low $21.46 from a 52 week high of $63.87. Currently the price rests at $23.66. It is a little bit tactical at the moment, but big money investors are into AIG. It is available at a price cheaper than ever, but a challenging 2011 fiscal year lies ahead. AIG has been undergoing restructuring since 2008 and it has shredded many of its diversified business since then. The company suffers through income generation problems and has a tough year ahead, but investors think that its restructuring will get some positive results; although not pretty much apparent...
Oops--we're running out of room. Find out about the rest at http://seekingalpha.com/article/291661-5-stocks-hedge-fund-managers-are-buying-like-crazy
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