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Hello!
This is Seven Lakes Research, the #1 resource for Insider Stock Trading.
We provide updates when politicians, celebrities, top managers, hedge funds and stock gurus make trades
We screened the Hedge Funds market today, and found:
Bridgewater Associates bought NVIDIA Corporation (NVDA)
Tiger Global Management bought Amazon.com, Inc. (AMZN)
Viking Global Investors bought Super Micro Computer, Inc. (SMCI)
and much more
More information in the sections below. Thanks for reading!
Seven Lakes Research team
TOP 3 STOCKS BOUGHT BY HEDGE FUNDS THIS WEEK
Stock #1
Bridgewater Associates new position: NVIDIA Corporation ($NVDA)
NVIDIA Corporation is a leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, providing innovative solutions for various industries.
Ticker: NVDA | Price: $480.00 | Market Cap: $1.2 Trillion
Analysts recommendation: Buy
Sector: 💻 Technology
What happened?
Bridgewater Associates invested in NVIDIA Corporation (NVDA) due to its dominant position in the AI and GPU markets. NVIDIA's stock price is $480, with a market cap of $1.2 trillion. The company’s revenue grew by 50% year-over-year, driven by high demand for its AI and data center products. NVIDIA's earnings per share (EPS) increased to $9.70, showcasing its strong profitability. Analysts recommend buying the stock, reflecting confidence in its continued innovation and market leadership. Bridgewater's investment underscores the potential for substantial returns given NVIDIA's technological advancements and market dominance.
How do you feel about this stock today? |
Stock #2
Tiger Global Management new position: Amazon.com, Inc. ($AMZN)
Amazon.com, Inc. is a global e-commerce giant, providing a wide range of products and services, including cloud computing and digital streaming.
Ticker: AMZN | Price: $3,300.00 | Market Cap: $1.6 Trillion
Analysts recommendation: Buy
Sector: 🛒 Consumer Discretionary/Technology
What happened?
Tiger Global Management invested in Amazon.com, Inc. (AMZN) due to its strong financial health and impressive growth metrics. Amazon’s stock price is $3,300, with a market cap of $1.6 trillion. The company reported a revenue increase of 20% year-over-year, reaching $514 billion. Amazon Web Services (AWS) contributed significantly, with a revenue of $74 billion. The company's EPS rose to $50. Analysts recommend buying the stock, reflecting confidence in its future growth potential. Tiger Global's investment highlights its belief in Amazon's ability to maintain its market leadership and drive significant shareholder value.
How do you feel about this stock today? |
Stock #3
Viking Global Investors new position: Super Micro Computer, Inc. ($SMCI)
Super Micro Computer, Inc. designs and manufactures high-performance server and storage systems for data center, cloud computing, and enterprise IT applications.
Ticker: SMCI | Price: $290.00 | Market Cap: $15 Billion
Analysts recommendation: Buy
Sector: 💾 Technology
What happened?
Viking Global Investors invested in Super Micro Computer, Inc. (SMCI) due to its strong market position and financial performance. Super Micro's stock price is $290, with a market cap of $15 billion. The company reported a revenue growth of 35% year-over-year, totaling $8.4 billion. Its net income increased by 40%, reaching $1.2 billion. Super Micro’s focus on innovation and quality has made it a preferred choice for institutional investors. Analysts recommend buying the stock, reflecting confidence in its growth prospects. Viking Global's investment indicates its trust in Super Micro's ability to deliver substantial returns through technological advancements and market expansion.
How do you feel about this stock today? |
STOCK SURVEY
Which stock did you like the most? |
Last week’s results:
🟢🟢🟢⚪⚪ Archer Aviation Inc (ACHR) [66%]
🟡🟡⚪⚪⚪ Opera Limited (OPRA) [24%]
🔴⚪⚪⚪⚪ Forestar Group (FOR) [10%]
Comments:
"Archer Aviation is leading innovation in eVTOL aircraft, promising rapid urban air mobility with significant environmental benefits.."
"Opera shows strong growth but faces market volatility and fierce competition, making buy or sell decisions challenging"
"Forestar Group's flat revenue growth and sector-specific risks make it a less attractive investment."
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OTHER HEDGE FUNDS’ TRADES
Citadel Advisors bought DraftKings Inc (DKNG) due to its leading position in the rapidly growing online sports betting and gaming market, with strong revenue growth and expanding market share.
Vanguard Group bought Shopify Inc (SHOP) because of its robust e-commerce platform, significant market expansion, and strong financial performance with consistent revenue growth.
BlackRock bought Zoom Video Communications Inc (ZM) driven by its dominant position in the video conferencing space, continuous innovation, and strong user base growth post-pandemic.
T. Rowe Price bought Twilio Inc (TWLO) due to its strong presence in the cloud communications platform sector, impressive revenue growth, and strategic acquisitions enhancing its service offerings.
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