Everyone loves stocks that promise strong performance.
Credit Suisse recently released a list of some of the best stocks according to hedge funds.
The list was created by looking at large-cap companies that saw a big increase in the number of hedge funds holding their stock in the first quarter of 2017. Some of the stocks still are not owned by very many funds, but it could be the beginning of something big for those companies.
All of the stocks on the list have had good returns this year, some as high as 30%. Each stock is listed with the current price, year to date performance, the number of funds that own the stock and the number of funds that added the stock in the first quarter of the year. They are sorted so the most stock with the biggest increase in hedge fund ownership is listed last.
If the hedge funds are right, these stocks are the ones to watch for big gains in the future.
Microchip Technology (MCHP)
Current Price: $83.08
Performance in 2017: 29.5%
Number of Invested Funds: 56
Change in funds during the first quarter: 14
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Data provided via Credit Suisse
Viacom (VIAB)
Current Price: $36.09
Performance in 2017: 2.8%
Number of Invested Funds: 55
Change in funds during the first quarter: 15
Click here to learn more about the stock ...
Data provided via Credit Suisse
L3 Technologies (LLL)
Current Price: $166.93
Performance in 2017: 9.7%
Number of Invested Funds: 28
Change in funds during the first quarter: 15
Click here to learn more about the stock ...
Data provided via Credit Suisse
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