Investors Are Buying Up These 5 Stocks Today

Major Contract Pushes Euro Tech Higher

Investors are pushing Euro Tech Holdings Co Ltd (NASDAQ:CLWT) shares higher this morning after the company revealed that one of its subsidiaries has received a contract from a foreign mobile phone company. PACT Environmental Technology Company Ltd. has been awarded a $6 million contract for the design, installation and the commissioning of industrial wastewater treatment and scrubber systems. Euro Tech Holdings Co Ltd (NASDAQ:CLWT) soared by as much as 90% before retreating to 32% gains for the day. The company provides instruments for measuring and controlling water and waste water processes. None of the funds followed by Insider Monkey reported owning a stake in Euro Tech Holdings Co Ltd (NASDAQ:CLWT) in their latest 13F filings.

Fiat Chrysler on the Rebound

Fiat Chrysler Automobiles NV (NYSE:FCAU)‘s stock is rallying again, having put a halt to the recent sell-off of its shares. The stock came under pressure after the company’s sales number for June were worse-than-expected. Earlier this week, analysts at Barclays downgraded the stock to ‘Underweight’ from ‘Overweight’ and decreased their price target on it to EUR 5.50 ($6.06) per share, pushing the stock even lower. Today, however, Fiat Chrysler Automobiles NV (NYSE:FCAU) shares have opened 5.2% higher and have continued to trend higher during the first hours of trading.

At the end of the first quarter, 28 of the funds in our database had Fiat Chrysler Automobiles NV (NYSE:FCAU) in their portfolios, unchanged during the quarter. Harris Associates, managed by Natixis Global Asset Management, held 34.2 million Fiat shares, down by 22% from the end of 2015.

Genworth Financial Rallying Higher

Shares of Genworth Financial Inc (NYSE:GNW) are also trending higher today, marking a potential turning point for the stock. Having fallen by more than 40% since the beginning of May, shares have jumped this morning and are currently trading at $2.56 per unit, up by roughly 5% from yesterday’s closing price. Shares are still down by 31% this year however.

A provider of mortgage and life insurance services, Genworth Financial Inc (NYSE:GNW) was losing support in the first quarter among the funds tracked by Insider Monkey. According to our data, 22 top hedge funds were holding the stock at the end of the first quarter, down from 28 registered at the end of December. Together these funds had ownership of roughly 8.5% of the company’s common stock. Christopher Pucillo‘s Solus Alternative Asset Management held the largest position among the funds we follow, amounting to 15 million shares, up by 58% over the course of the first quarter.

Disclosure: None