Stocks To Watch on Monday: Devon Energy, Alibaba, Monsanto and More

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Sell Cabelas Shares Before Things Go Bad: Barron’s

Shares of Cabelas Inc (NYSE:CAB) have lost more than 2% after another Barron’s article suggested the shareholders of the Nebraska-based hunting and fishing equipment maker to “seriously consider” making a profit by selling its shares at the current stock price before the company sells itself or its several assets. The report said that the company is facing a lot of challenges and any acquisition offer is unlikely to come at a good premium. As of the end of March, Paul Singer’s Elliott Management is one of the biggest stakeholders of Cabelas Inc (NYSE:CAB) in our system with more than 6 million shares of the company. It is one of the 23 funds from our database that reported stakes in the company in the latest round of 13F filings.

Starwood Hotels & Resorts To Build Two Hotels in Saudi Arabia

Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has struck an agreement with Saudi Real Estate to build two hotels in the district of Riyadh, adjacent to King Abdullah Financial District, Saudi Arabia. The Saudi government is planning to transform this area into a special business zone with competitive regulations and visa exemptions for foreigners. Saudi Real Estate, which owns the land where the hotels will be built, didn’t disclose the details of the agreement. At the end of the first quarter, 56 funds from our database held long positions in Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) worth approximately $4.4 billion in aggregate. Boykin Curry’s Eagle Capital Management owns more than 6.5 million shares of the company.

Nestle Upgrades Its Partership with Alibaba

Alibaba Group Holding Ltd (NYSE:BABA)’s stock has climbed more than 1.40% today amid Nestle’s announcement to upgrade its partnership with the eCommerce giant. The Switzerland-based food company has started selling around 67 new brands on Alibaba’s Tmall.com portal. This is an effort by Nestle to ramp up its struggling business in China. At the end of the first quarter, 67 funds tracked by Insider Monkey had stakes in Alibaba Group Holding Ltd (NYSE:BABA), down from 77 funds a quarter earlier.

Disclosure: None

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