Why Are These Five Stocks in the Spotlight Today?

Crude futures are once again below $47 per barrel as investors sell to avoid any negative aftershocks of Britain’s decision to leave the EU. Not surprisingly, all three indexes have extended their decline on Monday, as well.

Among the stocks traders are talking about today are Tesla Motors Inc (NASDAQ:TSLA), SolarCity Corp (NASDAQ:SCTY), Intel Corporation (NASDAQ:INTC), Tractor Supply Company (NASDAQ:TSCO), and Deutsche Bank AG (USA) (NYSE:DB). Let’s take a closer look at each stock and see how the world’s greatest investors are positioned towards them.

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More Board Members Recuse Themselves  

Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp (NASDAQ:SCTY)‘s proposed merger is looking less and less likely. According to Reuters, two more board members of SolarCity (in addition to Elon Musk, Antonio Gracias, and Lyndon Rive) will recuse themselves from the merger vote to quell concerns about corporate governance and conflicts of interest. The recusal of the two board members, Peter Rive, a cousin of Musk, and JB Straubel, a co-founder of Tesla, means that the majority of the solar company’s board won’t make a decision on the merger. Separately, Tesla and SolarCity are also trending after Morgan Stanley analyst Adam Jonas said that the price action of SolarCity indicates that the market thinks the odds that the merger between the two companies will go through is very low. If the merger fails, Elon Musk’s can’t-do-any-wrong image might be hurt and affordable financing for SolarCity could be more difficult to find. Among the funds tracked by us, 39 funds owned $1.08 billion worth of Tesla Motors Inc (NASDAQ:TSLA)’s stock and 23 funds owned $105.61 million worth of SolarCity Corp (NASDAQ:SCTY)’s stock at the end of March.

Intel Considers Selling Cyber Security Unit

Although cyber security is a growing field, Intel Corporation (NASDAQ:INTC) is considering potentially divesting its cyber security unit according to the Financial Times. Intel originally entered into the cyber security business by purchasing McAfee for around $7.7 billion in 2010. The rationale at the time was the purchase would help Intel make more gains in mobile chips because Intel’s chips might be theoretically more secure than that of other competitors with the purchase. Now it seems Intel management has decided to go another way and focus more on cloud growth and cutting costs. A total of 54 funds from our database were long Intel Corporation (NASDAQ:INTC) at the end of the first quarter.

On the next page, we find out why Tractor Supply Company and Deutsche Bank AG (USA) are in the spotlight today.

Bullish Barron’s Write Up for Tractor Supply 

Tractor Supply Company (NASDAQ:TSCO) is trending after Barron’s published a bullish article on the company. In the article, author Reshma Kapadia writes that the dips for Tractor Supply, ‘might be great opportunities to buy into one of retailing’s best long-term growth stories’. Although the stock doesn’t trade for a cheap price to earnings ratio, Tractor Supply does benefit from the two megatrends of increased demand for organic food and the rising age of baby boomers. As more boomers retire, some will take to farming, and demand for Tractor Supply products will grow. Among the funds we track, 28 top funds were long Tractor Supply Company (NASDAQ:TSCO) at the end of March.

Deutsche Bank Selling Continues

Two trading days after Britain’s decision to leave the EU, shareholders of Deutsche Bank AG (USA) (NYSE: DB) are still feeling the aftereffects. Shares of the bank are down by over 7% today as traders wonder whether other countries in the EU might also follow Britain’s lead. Traders also wonder if the ECB and Bank of England can do enough to prevent both region’s economies from entering a recession. If a recession occurs, Deutsche Bank’s loan losses will increase and its profits will narrow. At the end of March, 10 funds from our database owned shares of Deutsche Bank AG (USA) (NYSE:DB), up by from the previous quarter.

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