Does this Hedge Fund Number Signal a Stock Market Top?
CRM Salesforce.com Stock Chart 5.22.19 Before Earnings
Hedge funds seeing massive outflows. Smart money leaving the stock market?
The footprints don't lie. I would keep an eye on this statistic.
Stocks are set to open flat for the day after yesterday's bullish gap and sideways action. Typical of August trading. Meaning not much after the open after a gap.
I'm looking for follow through today on some strong stocks that closed strong yesterday.
Here's my initial scans for stocks that meet the criteria. You'll notice I'm defining closed strong as "closed 2% above the open." This is VERY different from closing 2% higher from the previous days close.
This means it had a large green candlestick/trend day. Plus meets the criteria for bullish order flow.
Pete
Hedge Funds Have Already Bled $55.9 Billion This Year
Hedge funds have already bled 50% more money this year than in all of 2018, as the industry struggles to win back investors fed up with high fees and poor performance.
Investors yanked $8.4 billion in July, bringing net outflows this year to $55.9 billion, according to an eVestment report on Thursday. That’s up from $37.2 billion for all of
last year.
bloomberg.com/hedge-fund-outflows
CRM Salesforce earnings: What is the acquisition spree going to add?
Salesforce.com Inc. has been spending a lot of money on acquisitions, and executives are expected to explain why when the customer-relationship management software
company reports earnings this week.
Salesforce CRM, +1.26% is scheduled to report second-quarter earnings after the close of markets on Thursday. Back in June, Tableau Software Inc. agreed to be acquired by
Salesforce for $15.7 billion. Less than a week after the Tableau deal closed on Aug. 1, Salesforce said it was acquiring ClickSoftware for $1.35 billion.
marketwatch.com/salesforce-earnings
Cramer Remix: Lowe’s rally was fueled by more than just a strong quarter
Shares of Lowe’s surged more than 10% after the company posted better-expected results in its second quarter raised guidance on Wednesday.
That’s not the only thing that propped the stock’s rally during the session, if you ask CNBC’s Jim Cramer.
After Home Depot — Lowe’s chief rival — beat profit estimations the day prior, a number of hedge fund managers loaded up on the equity and decided to short Lowe’s,
he said. A short is when an investor places a bet that a stock price will fall in the near future and tries to turn a profit on the depreciation.
