The stock market switched gears in March and pulled back after
running up in February.
Medical stocks, especially biotechs, were severely punished in
the fray. The biotech-heavy Nasdaq shed 2.5% in March. The
S&P 500 was up 0.6% in the first month of spring. The Dow
Managers of the top-performing funds the past three months
have eased their buying overall.
But top funds have been adding to transportation sector
holdings, such as airlinesSpirit Airlines (
),Delta Air (
),Alaska Air Group (
) andSouthwest (
), in their latest reporting periods.
As of Wednesday, IBD's transportation airline group ranked No.
8 among 197 industries.
Natgas shipperGaslog (
) and railcar makerTrinity Industries (TRN) have been performing
A handful of tech issues have been grabbing the attention of
Gaming giantElectronic Arts (EA) has been heavily added by top
funds, such as $11.1 billion Fidelity OTC Portfolio Fund in its
latest reporting period.
Social media behemothFacebook (FB) has attracted buying from
15 top funds, investing an estimated $69 million. The $109
billion Fidelity Contrafund owned a stake in the firm.
IBD spotted 20 leading funds loading up onKeurig Green
Mountain (GMCR), investing an estimated $30 million in their
latest reporting periods. The $5.3 billion Goldman Sachs Growth
Opportunity Fund added shares.
The Waterbury, Vt.-based firm distributes coffee, tea and
other hot beverages via single cups called K-Cups to supermarkets
and major retail stores. It also sells the Keurig single-cup
brewing systems that use the K-cups.
Keurig Green Mountain has partnered with major coffee brands
such as Starbucks, Peet's Coffee & Tea and Italian brand
Lavazza to bring the best coffees to consumers through K-Cups for
various Keurig systems.
After breaking out of a five-month long base in early
February, the stock has been working on a shallow base. It's
currently sitting just 12% off its 52-week high of 124.
The best-performing funds have been selling oil- and
gas-related stocks such asPioneer Natural Resources (PXD),Baker
Hughs (BHI) andHelmerich & Payne (HP) in their latest