Here’s yet another divide in America: Big money investors love bank stocks, while regular Joes invest in tech companies.
The top stock pick of hedge funds? Wells Fargo (WFC). That’s according to an analysis of the 250 most prominent hedge funds by TipRanks, a startup that tracks what analysts and gurus say about stocks.
Fans of Wells Fargo extend from Warren Buffett to George Soros to Horseman Capital Management, a London-based hedge fund. Buffett currently owns nearly 10% of the company.In his recent letter, he called the bank an “excellent business” run by “managers who are both talented and shareholder-oriented.”
Read More: http://money.cnn.com/2016/03/14/investing/stocks-top-holdings/index.html?iid=SF_LN
Source: CNN (14 March 2016)