Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first half of 2019, most investors recovered all of their Q4 losses as sentiment shifted and optimism dominated the US China trade negotiations. Nevertheless, many of the stocks that delivered strong returns in the first half still sport strong fundamentals and their gains were more related to the general market sentiment rather than their individual performance and hedge funds kept their bullish stance. In this article we will find out how hedge fund sentiment to Viacom, Inc. (NASDAQ:VIAB) changed recently.
Viacom, Inc. (NASDAQ:VIAB) investors should be aware of an increase in support from the world’s most elite money managers in recent months. VIAB was in 41 hedge funds’ portfolios at the end of the second quarter of 2019. There were 38 hedge funds in our database with VIAB holdings at the end of the previous quarter. Our calculations also showed that VIAB isn’t among the 30 most popular stocks among hedge funds (view the video below).
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
In the 21st century investor’s toolkit there are dozens of signals shareholders use to value their stock investments. A couple of the most innovative signals are hedge fund and insider trading moves. We have shown that, historically, those who follow the best picks of the elite money managers can beat the market by a healthy margin (see the details here).
Unlike some fund managers who are betting on Dow reaching 40000 in a year,