We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers. That’s why we believe it isn’t a waste of time to check out hedge fund sentiment before you invest in a stock like frontdoor, inc. (NASDAQ:FTDR). We will also compare FTDR’s popularity against similarly valued stocks like Compania Cervecerias Unidas S.A. (NYSE:CCU), Cabot Microelectronics Corporation (NASDAQ:CCMP), NCR Corporation (NYSE:NCR), and Enstar Group Ltd. (NASDAQ:ESGR).
frontdoor, inc. (NASDAQ:FTDR) has seen a decrease in enthusiasm from smart money lately. Our calculations also showed that FTDR isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
In today’s marketplace there are numerous gauges stock market investors employ to evaluate publicly traded companies. Two of the most under-the-radar gauges are hedge fund and insider trading signals. Our researchers have shown that, historically, those who follow the top picks of the top fund managers can outpace the S&P 500 by a solid margin (see the details here).
Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world’s most bearish hedge fund that’s more convinced than ever that a crash is coming, our long-short investment strategy doesn’t rely on bull or bear markets to deliver double