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These 5 Prominent Stocks Are Making Notable Moves Today

Mixed earnings reports and European Central Bank President Mario Draghi’s press conference have cast a pall over investor sentiment in the markets today, with the major U.S indexes trading slightly down. Among the most important stocks affected by earnings reports today are Travelers Companies Inc (NYSE:TRV), Stanley Black & Decker, Inc. (NYSE:SWK), American Express Company (NYSE:AXP), Yum! Brands, Inc. (NYSE:YUM) and Mattel, Inc. (NASDAQ:MAT). Let’s see how these companies performed in the first quarter and take a look at how top hedge funds were positioned in each stock.

Our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).

Travelers Companies Slides on Earnings

Travelers Companies Inc (NYSE:TRV)’s stock has lost 6.16% today after the company announced its first quarter financial results. The company delivered operating income of $698 million, or $2.33 per share, down from last year’s $827 million and missing estimates of $2.55 per share. Total revenue for the first quarter did increase to $6.69 billion, up from $6.63 billion in the first quarter of 2015. The company cited hail storms that hit Texas in March as the cause of the profit decline.

Out of the nearly 800 active hedge funds tracked by Insider Monkey, 24 funds held long positions...