Brown Advisory recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Equity Income Fund posted a return of 18.29% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 20.55% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, Brown Advisory highlighted a few stocks and Lowe's Companies Inc (NYSE:LOW) is one of them. Lowe's Companies Inc (NYSE:LOW) is a retail company specializing in home improvement. Year-to-date, Lowe's Companies Inc (NYSE:LOW) stock gained 19.2% and on July 16th it had a closing price of $142.75. Here is what Brown Advisory said:
"Home improvement retailer Lowe’s Companies jumped after a surge in home improvement project spending drove higher-than-expected quarterly results. While the company’s sales results may moderate through the remainder of the year, Lowe’s has an opportunity to improve its margins and gain market share from smaller rivals over the next several years as it improves its in-store and online capabilities."
[caption id="attachment_523239" align="aligncenter" width="400"] Copyright: luckydog / 123RF Stock Photo[/caption]
In Q1 2020, the number of bullish hedge fund positions on Lowe's Companies Inc (NYSE:LOW) stock decreased by about 8% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Lowe's growth potential. Our calculations showed that Lowe's Companies Inc (NYSE:LOW) isn't ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.