Bill Nygren highlighted a few stocks and American Airlines Group Inc. (NASDAQ:AAL) is one of them. American Airlines Group is an airline holding company. Year-to-date, American Airlines Group Inc. (NASDAQ:AAL) stock lost 52.6% and on June 23rd it had a closing price of $14.00. Here is what Bill Nygren said:
"We traded out of positions like American Airlines [AAL], which on an EV basis hadn’t fallen as much and which couldn’t have been more in the eye of the storm as a high-fixed-cost airline."
In Q1 2020, the number of bullish hedge fund positions on American Airlines Group Inc. (NASDAQ:AAL) stock decreased by about 12% from the previous quarter, so a number of other hedge fund managers seem to agree with American Airlines downside potential. Our calculations showed that American Airlines Group Inc. (NASDAQ:AAL) isn't ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs.
Reprinted from Yahoo Finance. All copyrights are reserved by the original author.
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