New Buys Of Top Funds: Trinity, GasLog, Southwest


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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 stock market .

Now is not an ideal time to buy, but it's a good time to build a list of stock investment ideas , particularly of top-rated stocks etching sound bases.

Leading funds have been trending towards such transportation names asGasLog ( GLOG ),Southwest Airlines ( LUV ) andAlaska Airlines Group ( ALK ). Also snatched up by leading funds: chemical stocksWestlake Chemical ( WLK ),Cabot ( CBT ) 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).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Mutual Funds
Referenced Stocks: GLOG , LUV , ALK , WLK , CBT

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