Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
We just heard this week from America's most famous value investor, Warren Buffett, as he talked about his strategy and the biggest names in his portfolio. Now we get a glimpse of what the rest of his cohorts are trading. According to data provided to CNBC, we see how the universe of institutional value players changed their portfolios in the past quarter.
Historically, institutional investors have been ahead of retail traders by 12 to 24 months, suggesting that these companies have more room to go.
The data comes from eVestment, a supplier of data and analytics to institutional asset managers. The company tracks and aggregates data on tens of thousands of portfolios, providing unique insight into how different types of market players operate.
Large Cap Value – Top Five Purchased
2. Las Vegas Sands
4. Morgan Stanley
5. General Dynamics
Large Cap Value – Top Five Sold
4. Phillips 66
The 10 companies mentioned might be due for significant over- or underperformance to the market in the upcoming year.
Mark Scott, an eVestment spokesman, said the data "could be illustrative of larger trends and things an investor might want to dig into a bit more when making an investment decision." He refers to its own in-house data showing that "institutional investors tend to increase and decrease their allocations to certain stocks and certain segments ahead of retail investors, so this might provide another window into what the "smart money" is doing for others interested in investing.
The collapse of oil prices has caused three energy names to make the most sold list. Even though value investors have offloaded energy stocks more than any other sector, that could still leave opportunities for other names to see a boost yet, such as Tesoro's being the most-purchased stock.
"Since institutional investors and their money managers tend to be among the savviest and most-plugged-in investors, the data in the report is one more thing other investors might want to think about when they are considering making an investment in a company or a sector," Scott concludes,