@monkeytail schreef op 21 september 2015 17:25:
CITAAT uit Insidermonkey.com
5 Industrial Stocks Under $10 That Are Poised To Explode
By Gene Guzun in Hedge Fund Analysis,Hedge Funds,News
Published: September 21, 2015 at 10:41 am
4. ArcelorMittal SA (ADR) (NYSE:MT)
Investors with Long Positions (as of June 30): 22
Aggregate Value of Investors’ Holdings (as of June 30): $370.05 Million
The number of hedge funds monitored by our team that reported a stake in ArcelorMittal SA (ADR) (NYSE:MT) at the end of the second quarter was up by five quarter-over-quarter. Similarly, the value of their stakes increased by $75.73 million during that time span. The shares of the integrated steel and mining company have lost over 36% year-to-date, primarily owing to China’s distortion of the global steel market dynamics. China’s exports have been at record highs this year due to overcapacity and slowing economic growth, while the strong U.S dollar has put even more pressure on the demand for ArcelorMittal’s products. Dmitry Balyasny’s Balyasny Asset Management initiated a 2.86 million-share stake in ArcelorMittal SA (ADR) (NYSE:MT) during the recent quarter.