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We recently published a list of Top 10 Stocks Wall Street is Discussing. In this article, we are going to take a look at where Vistra Corp (NYSE:VST) stands against other top stocks Wall Street is discussing.
Bill Strazzullo, Bell Curve Trading chief market strategist, said in a latest program on CNBC that the market rally that started during the peak of the pandemic driven by fiscal stimulus seems to have “tapped out.” The analyst sees more pain ahead:
“The bottom line of all this is that we’ve only started this. We’ll be lucky if we get out of this top to bottom only down 20%. I think eventually, across the indices—Dow, S&P, NASDAQ 100—we’ll end up being down 25% before it’s all done.”
Asked what he would advise to long-term investors, the analyst recommended taking some money off the table and bracing for more impact:
“It’s not anything very esoteric. Take some money off the table—you’ll be able to deploy that capital at much better levels later in the year. But right now, Trump is taking us not only into a trade war but into a full-blown recession. I think the mistake people are making is that we’ve been spoiled with these V bottoms—we go down 10 or 12% and then right back up. This is not going to be like that. We are going to be in for a much deeper drawdown and I think something that’s going to last a significant amount of time.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks making moves on important news. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Solar panel workers installing a new farm for clean energy generation.
Vistra Corp (NYSE:VST)
Number of Hedge Funds Investors: 97
Mike Khouw, OpenInterest.Pro chief strategist, said in a recent program on CNBC that he still sees rising demand for Vistra Corp (NYSE:VST) despite short-term volatility.
“I would say, and I still anticipate that there is going to be this huge ramp in demand. This is really more of a short-term question about pricing than it is about the fundamentals in terms of the demand for AI data centers and the power needs that they’re going to have. So, you know, I tend to be still a little bit positive, but I rather like trades like this for those who are long. The worst thing that would happen if you put a trade like this on is you’re going to lose about 6% of the current stock price. Given the kinds of moves that Kelly was just highlighting, I don’t think that’s a huge risk to have for a hedge that lasts you out till June.”