Apple, Biogen, Diamondback Energy and More: Why These Stocks Are Trending
Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. Apple Inc. (NASDAQ:AAPL) is on watch after after Craig Irwin of Roth Capital Partners said on CNBC that Apple apparently had an informal bid feeler for Tesla at around $240 a share in 2013. Of the around 700-740 elite funds we track, 57 funds owned $3.24 billion of Biogen Inc. (NASDAQ:BIIB) on December 31, versus 56 funds and $3.43 billion respectively on September 30. While the bank is 'underperform' on Biogen, it is bullish on Amgen, Inc. (NASDAQ:AMGN). Diamondback Energy Inc (NASDAQ:FANG) is on watch after Bank of America added it to its 'US 1 list' and said that “Risk/reward hard to ignore as buyback kicks in; PO $170 While FANG share price has outperformed very recently (+3.5% over the past month versus -1.4% for S&P 500; -5.1% sector/IXE), we believe shares are poised to outperform as meaningful buyback kicks in.