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Stocks opened the day with mild gains after yesterday's harsh sell-off. The markets have been experiencing one of the worst Septembers in recent memory, and the indices looked to take a breather from the pain. Using our deep learning algorithms, we've crunched the data to give you a set of Top Buys.
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 Lululemon Athletica Inc. LULU said it will resume its stock buyback program that had been halted because of COVID-19, according to a Securities and Exchange Commission filing late Tuesday. The company said it has $263.6 million in shares left on a repurchase program that expires on Jan. 31. Lululemon shares rose 2.3% after hours, following a 6.1% gain in the regular session to close at $313.60. The stock is up 35% for the year, compared with a 2.6% gain in the S&P 500 index SPX.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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A good, old-fashioned investor panic that punished even solid blue-chip stocks led investors to pull money out of hedge funds like crazy earlier this year. But now it appears that the good times are rolling again.
The benchmark Eurekahedge Hedge Fund Index is sporting a five-month trailing return of almost 13% since March. That includes a 1.9% improvement in August. It's little wonder, then, that net inflows to hedge funds increased by nearly $18 billion last month.
If hedge funds are bullish on a recovery in both the economy and equity markets, it's not a bad idea to see how the so-called smart money is positioning itself for those bets. To get an idea of what hedge funds are holding these days, we turned to WhaleWisdom, where we were able to determine hedge funds' favorite names based on the number of funds holding a position in any given stock.
Big, blue-chip stocks are unsurprisingly over-represented on the list. Indeed, of the 25 most popular hedge fund stocks, 10 are components of the Dow Jones Industrial Average. Partly that's a function of their massive market capitalizations and attendant liquidity, which creates ample room for big institutional investors to build or sell large positions.
In plenty of other cases, however, hedge funds are betting on some of today's hottest growth stocks.
Have a look at hedge funds' 25 favorite blue-chip stocks to buy now. All these names likely appeal to the smart money because of their size, strong track records or outsized growth prospects, but we'll delve into a few specifics that make each pick special.
SEE MORE 20 Best Stocks to Buy for the New Bull Market
Data is as of Sept. 16, unless otherwise noted. Companies are listed in reverse order of popularity with hedge funds, according to WhaleWisdom. Dividend yields are calculated by annu
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