Did Hedge Funds Make The Right Call On Occidental Petroleum Corporation (OXY) ? [Yahoo! Finance News]
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Source: Yahoo! Finance News
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding Occidental Petroleum Corporation NYSE:OXY30 most popular stocks among hedge fundsVideo: Watch our video about the top 5 most popular hedge fund stocks.So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 199
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