Managers of the nation's best-performing funds of the past
three months have slowed their buying in the latest reporting
periods as stocks continued their correction.
Disappointing economic data and corporate earnings, the
Ukraine/Russia crisis and China's economic slowdown all have
weighed on the
Now is not an ideal time to buy, but it's a good time to build
a list of
, particularly of top-rated stocks etching sound bases.
Leading funds have been trending towards such transportation
names asGasLog (
),Southwest Airlines (
) andAlaska Airlines Group (
). Also snatched up by leading funds: chemical stocksWestlake
) andHuntsman (HUN).
A handful of notable buys among top funds include consumer
stocksTyson Foods (TSN) andWynn Resorts (WYNN).
IBD found 22 best-performing funds buyingTrinity Industries
(TRN), investing an estimated $23 million in their latest
reporting periods. The $71 million Stratton Small Cap Value Fund
owned a big stake in the firm.
The Dallas, Texas-based Trinity provides products and services
such as inland barges, tank containers, highway products,
structural wind towers, railcars, railcar parts and railcar
leasing and management services.
The company reported Q1 EPS of $2.85, up 213% from the same
period a year earlier. Revenue rose 57%. Trinity also raised its
full-year guidance to between $7.00 to $7.50 a share, compared
with previous views of $6.30 to $7.00.
Trinity recently announced a 2-for-1 stock split, effective
June 20. It also declared a 33% increase in its quarterly
dividend to 10 cents a share.
The stock has been a strong performer, holding up well amid
the correction. After it reached a 52-week high of 75.95 on March
21, it pulled back into a short, shallow base. But it recovered
fast and now trades 2% above its 76.05 buy point.
As of Tuesday, the Transportation-Equipment/Manufacturing
group was ranked No. 8 among IBD's 197 industries. Sell Side
Leading funds have been unloading oil and gas stocks in their
latest reporting periods. Top funds trimmedWestern Refining
(WNR),Marathon Petroleum (MPC) andHess (HES).