Ambev Stock- Is Ambev SA (ABEV) A Good Stock To Buy?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers. That’s why we believe it isn’t a waste of time to check out hedge fund sentiment before you invest in a stock like Ambev SA (NYSE:ABEV).
Is Ambev SA (NYSE:ABEV) a healthy stock for your portfolio? Prominent investors are in an optimistic mood. The number of long hedge fund positions improved by 2 recently. Our calculations also showed that ABEV isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). ABEV was in 18 hedge funds’ portfolios at the end of the third quarter of 2019. There were 16 hedge funds in our database with ABEV positions at the end of the previous quarter.
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
In the eyes of most market participants, hedge funds are perceived as slow, old financial tools of the past. While there are more than 8000 funds trading at present, Our researchers choose to focus on the moguls of this group, approximately 750 funds. It is estimated that this group of investors oversee the lion’s share of the hedge fund industry’s total capital, and by keeping an eye on their matchless stock picks, Insider Monkey has spotted numerous investment strategies that have historically defeated Mr. Market. Insider Monkey’s flagship short hedge fund strategy defeated the S&P 500 short ETFs by around 20 percentage points a year since its inception in May 2014. Our portfolio of short stocks lost 27.8% since February 2017 (through November 21st) even though the market was up more than 39% during the same period. We just shared a list of 7 short targets in our latest quarterly update .