The following stocks will witness huge interest today for one reason or another and most interesting of them all will be Apple Inc. (NASDAQ:AAPL). It will be worth watching how investors will react to the positions taken by hedge funds in the company’s stock.
Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) stocks have always been in the news, and they are today but for different reasons. The stock today will be closely monitored by the investors after the news that three big hedge funds have sold their stakes in the iPhone maker.
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More
David Tepper’s Appaloosa has reduced its exposure in Apple Inc. (NASDAQ:AAPL) by 41 percent over the last quarter to 540,000 shares at the end of March, reveals a filing from Securities and Exchange Commission.
George Soros fund has reduced the shareholding from 183,976 at the end of December to 26,800 shares as of March 31. However, Soros still holds 100,000 Apple Inc. (NASDAQ:AAPL) call options.
Tiger Management fund managed by Julian Robertson have sold its entire stake in Apple Inc. (NASDAQ:AAPL). At the end of December the fund had 42,125 shares of the iPad maker.
In contrast to these three funds, David Einhorn’s Greenlight Capital increased its stake in Apple Inc. (NASDAQ:AAPL) to 2.4 million shares against 1.3 million held in the fourth quarter.
Tesla Motors Inc (NASDAQ:TSLA)
Tesla Motors Inc (NASDAQ:TSLA) will again see increased interest from investors as after the close yesterday, the company announced of its plans to raise about $830 million by offering 2.7 million common shares and $450 million in convertible senior notes. The electric car company’s Chief Executive Elon Musk will acquire $100 million in shares and debt.
Dell Inc. (NASDAQ:DELL)
Dell Inc. (NASDAQ:DELL) will also witness a lot of monitoring from investors today as the PC maker has changed its first-quarter earnings release from next week to Thursday after the some of the figures were leaked. The PC maker is expected to post adjusted earnings of 20 cents a share and operating income of about $600 million
Wal-Mart Stores, Inc. (NYSE:WMT) reported earnings today that missed analysts expectations. Following the announcements, stock was down in the pre-market trading.
J.C. Penney Company, Inc. (NYSE:JCP is expected to post a loss of $1.06 a share for the first quarter. However, investors will be more interested in listening to the plans of Chief Executive Mike Ullman who took over from Ron Johnson in early April. Since the exit of Johnson, retailers stock has gained about 20 percent.
Kohl’s Corporation (NYSE:KSS) first quarter earnings reduced to $147 million, or 66 cents a share, from $154 million, or 63 cents a share, last year. Revenue for the quarter came in at $4.19 billion from $4.24 billion. Analysts expected earnings of 57 cents a share on revenue of $4.27 billion.
Nordstrom, Inc. (NYSE:JWN) is expected to post earnings of 76 cents a share. Analysts at RBC Capital Markets expects the retailer to benefit “pent-up demand.”