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Why Merck, Whole Foods Market & Other Stocks Are in Spotlight Today?

The US Stock market is trading higher on Thursday, helped by a 3% growth in Brent and WTI. Meanwhile, the earnings season is still in progress and among the companies that have posted their results are Merck & Co., Inc. (NYSE:MRK), Whole Foods Market, Inc. (NASDAQ:WFM), AmerisourceBergen Corp. (NYSE:ABC), Kraft Heinz Co (NASDAQ:KHC), and Tripadvisor Inc (NASDAQ:TRIP). In this article, we are going to take a closer look at the results of these companies and see if the smart money investors have been bullish on them.

We assess the hedge fund sentiment by looking at the equity portfolios of nearly 800 hedge funds and other institutional investors in our database. Aside from identifying how these investors position themselves towards different stocks, we use the data to find the small-cap stocks that these investors are most bullish on and use these stocks to model our strategy (see more details here).

Merck & Co., Inc. (NYSE:MRK)’s stock is almost 2% in the red, after the company posted first-quarter EPS of $0.89, which beat the estimates of $0.85, but the revenue of $9.31 billion was lower than the expected $9.46 billion. The company’s sales were affected by the advancement of competing generic drugs and currency fluctuations. For the full year, Merck & Co., Inc. (NYSE:MRK) expects earnings per share in the range of $3.60 to $3.77, versus the previous forecast of $3.60 to $3.75, while revenue guidance is between $39 billion and...


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