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Is Melco Resorts & Entertainment Limited (MLCO) A Good Stock To Buy?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat the SP 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers. That’s why we believe it isn’t a waste of time to check out hedge fund sentiment before you invest in a stock like Melco Resorts Entertainment Limited (NASDAQ:MLCO).

Melco Resorts Entertainment Limited (NASDAQ:MLCO) has seen an increase in enthusiasm from smart money of late. Our calculations also showed that MLCO isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

In the 21st century investor’s toolkit there are dozens of signals stock traders use to grade publicly traded companies. A duo of the most underrated signals are hedge fund and insider trading signals. Our experts have shown that, historically, those who follow the best picks

Article source: https://finance.yahoo.com/news/melco-resorts-entertainment-limited-mlco-002853864.html

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