The country's leading funds the past three months continued to
add medical and transportation stocks to their portfolios as the
continued to defy the economy's wall of worry.
Purchases were made as the Nasdaq kicked off the summer with a
gain of 3.9% in June while the S&P 500 rose 1.9%.
Big drug firmsQuestcor Pharmaceuticals (
),Salix Pharmaceuticals (
) andActavis (
) have been steady performers the past 12 months. The
Medical-Ethical Drug group was ranked No. 1 among IBD's 197
industries as of Wednesday.
Transportation issues such asTrinity Industries
(TRN),Southwest Airlines (LUV) andSpirit Airlines (SAVE), have
continued to be loved by top-notch funds in their latest
A handful of chipmakers are having their day in the sun,
includingNXP Semiconductors (NXPI),Skyworks Solutions
(SWKS),Avago Technologies (AVGO) andCavium (CAVM). The sector was
featured on last Monday's Industry Snapshot.
A selected few consumer discretionary stocks, such asKeurig
Green Mountain ,Harman Industries (HAR),Under Armour (UA)
andRestoration Hardware (RH), were also loved by best-performing
IBD spotted 37 top-performing funds snatching upKeurig Green
Mountain (GMCR), investing an estimated $134 million in their
latest reporting periods. The $140 billion American Funds Growth
Fund of America holds a big stake in the company.
The firm is known for its single-serve coffee brewers called
Keurig and related coffee portion packs as well as other
It recently inked a deal with Nestle to bring Coffee-Mate
branded capsules for Keurig single-cup brewers. The partnership
will create the first two-in-one K-cups of both coffee and
creamer. The packs will come in original and French vanilla
A new hot brewer system (Keurig 2.0) is set to debut this fall
and use only owned or licensed portion packs.
Keurig's stock is working through the top part of the handle
in a second-stage base. It's hovering just 3% off its 52-week
high of 128.04.
Top funds have been dropping REIT stocks, such asWinthrop
Realty Trust (FUR),Chesapeake Lodging Trust (CHSP) andRegency
Centers (REG), in their latest reporting periods.