Top Mutual Funds Add To Health Care, Leisure And Banks

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After a volatile start in January, the stock market bounced back nicely in February with a good pop, helping to lift stock funds' recent purchases.

The S&P 500 and the Dow each tacked on 4% during the Valentine month, while the biotech-heavy Nasdaq rose nearly 5%.

The top-performing funds the past three months have been adding medical stocks in their latest reporting periods, includingActavis ( ACT ),Alexion Pharmaceuticals ( ALXN ),Biogen Idec ( BIIB ) andSalix Pharmaceuticals ( SLXP ).


IBD's Biotech/Biomed group has been on a tear in the past year. As of Tuesday, the group ranked No. 2 among the 197 industries tracked by IBD.

Americans' love for leisure and business travel has helped boost airline stocks.Spirit Airlines ( SAVE ),Delta Air Lines (DAL) andSouthwest Airlines (LUV) have been rock-solid performers, each trading near or at its 52-week high. It's worth mentioning that travel-booking firmPriceline.com (PCLN) has also powered to all-time highs.

Best-performing funds have been nibbling on gaming/equipment stocks, such as casino operatorsWynn (WYNN),Las Vegas Sands (LVS) andMelco Crown Entertainment (MPEL).

Hong Kong-based Melco is currently developing the City of Dreams Manila casino resort in the Philippines, slated to open later this year.

IBD tracked 40 leading funds noshing onSignature Bank (SBNY), investing an estimated $102 million. The $3.9 billion Lord Abbett Developing Growth Fund added the stock in its latest reporting period.

The New York-based bank operates 26 offices in the New York metropolitan area. Signature Bank caters to privately held businesses and high-net-worth individuals by providing them a single point of contact via specialized "teams" of bankers, who can handle all their banking needs.

As of Dec. 31, total deposits were $17.1 billion, up 21% from a year earlier.

The stock is up more than 20% this year, clocking a fresh 52-week high of 133 on Tuesday.

Sell Side

The nation's leading funds are taking profits from big media giants, such asCBS (CBS) andWalt Disney (DIS).

Oil & gas firmsHalliburton (HAL) andPDC Energy (PDCE) have also seen some heavy selling in their latest reporting periods.



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




This article appears in: Investing , Mutual Funds

Referenced Stocks: ACT , ALXN , BIIB , SLXP , SAVE

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