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Actionable news in ANAC: Anacor Pharmaceuticals, Inc.,

Here’s Why Traders Are Buzzing about These Five Stocks on Monday

It’s M&A Monday as Pfizer Inc. (NYSE:PFE), Anacor Pharmaceuticals Inc (NASDAQ:ANAC), Range Resources Corp. (NYSE:RRC), and Memorial Resource Development Corp (NASDAQ:MRD) each participated in meaningful M&A events that caused each stock to trend. In addition, big news concerning Apple Inc. (NASDAQ:AAPL) has also sent shares of the tech giant up today. Let’s take a closer look and see how the smart money is positioned in each stock.

Given that Insider Monkey has done a lot of research into what the smart money likes and doesn’t like, let’s also analyze relevant hedge fund sentiment toward the stocks. At Insider Monkey, we track around 730 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on, can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see the details here).

Apple Gets Some Love From Berkshire

Although Carl Icahn sold out of Apple Inc. (NASDAQ:AAPL) due to concerns that the Chinese government might make it difficult for the tech giant to do business in the country...