Shares of TJX Companies, Inc. (TJX) have had a solid run in 2019, rising by almost 27% compared to an S&P 500 that has jumped by 20%. The strong stock performance comes despite significant headwind for the company, including the US-China trade war and tariffs that have been placed on imports in from China. Still, hedge fund investors are moving into the stock, placing the company on the WhaleWisdom Heat Map.
Surprisingly, Alibaba Group Holding Ltd.’s (BABA) stock has risen by nearly 30% so far in 2019, which is better than the S&P 500’s gain of 19%. The better than expected results come despite the escalating trade tensions between the US and China, and the significant devaluation of the Chinese currency, the yuan. Still, the stock was very popular among investors during the second quarter.
Coca Cola Co. (KO) seems like a strange stock to be hot among hedge fund investors. However, that is exactly what Coke was during the second quarter. The stock has risen by more than 16% in 2019 and is keeping pace with the S&P 500, which has increased by about 16.5%.
Qualcomm Inc. (QCOM) saw its stock rise sharply in the second quarter and is having a big 2019, with shares up 29.7% versus an S&P 500 that is up by 13.5%. The strong start to 2019 has landed the stock on the WhaleWisdom heat map in the third position from a previously unranked position.
Roku (ROKU) Inc.’s stock has risen by more than fourfold so far in 2019, easily making it one of the best performing stocks in the equity market. The streaming media company had seen institutional investors aggressively buying its shares throughout the second quarter. The strong performance helped the stock to land on the WhaleWisdom WhaleIndex […]