Here’s Why Hortonworks, Talend, Deutsche Bank, and More Are in the Spotlight

The latest EIA data is out, and in contrast to that of previous weeks, U.S commercial crude oil inventories rose by 4.9 million barrels, a number higher than what many analysts were expecting.

Given that data, it’s unsurprising that two energy names are among the five trending stocks which we’ll look at in this article. Those stocks are Deutsche Bank AG (USA) (NYSE:DB), Chevron Corporation (NYSE:CVX), Freeport-McMoRan Inc (NYSE:FCX), Hortonworks Inc (NASDAQ:HDP), and Talend SA ADR (NASDAQ:TLND). In addition to the news, we’ll also see what the world’s greatest investors think of each stock using the latest 13F filing data.

At Insider Monkey, we track around 750 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).

Deutsche Bank AG (USA) (NYSE:DB) is in the spotlight after Bloomberg reported that the embattled bank will freeze its hiring activity company-wide (with the only exception being compliance-related jobs) to cut costs and boost investor sentiment in the stock. Shares of the bank have fallen by 43% year-to-date due to the soft European economy and the continued uncertainty over the Department of Justice’s request for $14 billion to settle the investment bank’s alleged mortgage-related misdeeds during the financial crisis. Deutsche Bank is expected to report its quarterly results on October 27. Of the 749 hedge funds that we track which filed 13Fs for the June quarter, 15 were long Deutsche Bank AG (USA) (NYSE:DB) at the end of the second quarter, up by five from the end of the first quarter.

Chevron Corporation (NYSE:CVX) is trending after Reuters reported that the energy giant is planning to begin selling condensate produced through its Gorgon Project this month. According to Reuters’ sources, Chevron could begin marketing 600,000-to-650,000 barrels of condensate for December loading to various buyers. It is important for Chevron to ramp up production from the Gorgon Project, as the company could really use the cash-flow garnered from sales to fund its dividend. Shares of Chevron currently pay out an annual yield of over 4.2%. Ken Fisher‘s Fisher Asset Management owned 3.6 million shares of Chevron Corporation (NYSE:CVX) at the end of September, down by 2% from the end of June.

On the next page we’ll examine the latest concerning Freeport-McMoRan, Hortonworks, and Talend SA.

Despite crude futures inching up by 0.4% after today’s EIA report, Freeport-McMoRan Inc (NYSE:FCX) shares are down by 7% on the back of negative price action in copper. The price of the commodity has fallen from the $2.20 area in recent days to $2.12. Given the uncertain state of the Chinese economy and the potential interest rate hikes after the election, copper sentiment has been rather negative. Seeing as how Freeport-McMoRan depends on copper for a big part of its revenue and cash flow, the company’s financial results will not be as great if copper prices remain lethargic. 30 funds in our system owned shares of Freeport-McMoRan Inc (NYSE:FCX) at the end of the second quarter, a drop of four quarter-over-quarter.

Hortonworks Inc (NASDAQ:HDP) shares have retreated by 3.75% while Talend SA ADR (NASDAQ:TLND) shares have surged by 10% after Jesse Hulsing of Goldman Sachs switched up his ratings on both stocks. In relation to Hortonworks, Hulsing downgraded the stock to ‘Sell’ from ‘Buy’ and cut his price target on it to $7 from the previous mark of $13, citing increasing competition and potential pressure on its multiple.

In terms of Talend SA ADR (NASDAQ:TLND), the analyst thinks that the company will benefit from the transfer of analytic workloads to the cloud, which could materially impact it sooner than current estimates on the Street appear to be forecasting. In addition, Hulsing thinks Talend is undervalued, saying the sell-off in its stock due to the weakness in the Pound was overdone. Goldman Sachs has a $31 price target and a ‘Buy’ rating on the stock, up from its previous ‘Hold’ recommendation. Ten funds in our system owned shares of Hortonworks Inc (NASDAQ:HDP) at the end of June. There are no known shareholders of Talend (which had its IPO this quarter) in our database at this time.

Disclosure: None