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 digit returns. We're going to take a gander at the key hedge fund action regarding Entergy Corporation (NYSE:ETR). What does smart money think about Entergy Corporation (NYSE:ETR)? Covalis Capital is also relatively very bullish on the stock, setting aside 5.24 percent of its 13F equity portfolio to ETR. Since Entergy Corporation (NYSE:ETR) has faced falling interest from the smart money, logic holds that there was a specific group of funds that decided to sell off their entire stakes last quarter. Unfortunately ETR wasn't nearly as popular as these 20 stocks (hedge fund sentiment was very bearish); ETR investors were disappointed as the stock returned 0% during the fourth quarter (through the end of November) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 70 percent of these stocks already outperformed the market so far in Q4.
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