Investors need to pay close attention to Shopify (SHOP) stock based on the movements in the options market lately.
Written by Peter Lynch in 1989, many of the book's examples may appear outdated. Let's take a deep-dive look at how Lynch's approach worked in practice and apply it to three companies which have been making headlines in financial news as of late: Shopify (NYSE: SHOP), Target (NYSE: TGT), and Walmart (NYSE: WMT).
A little more than a week ago, Wall Street's brightest and most-successful money managers lifted their funds' proverbial hoods and gave investors a look at what they'd been buying and selling in the most-recent quarter. Although Form 13F filings demonstrated quite a bit of buying from active money managers, especially in beaten-down growth stocks, they also unveiled some potentially surprising selling activity. What follows are four widely held stocks that billionaire money managers dumped during the first quarter.