Best Mutual Funds Plow Money Into These Sectors And Stocks

Mining and industrial giant Caterpillar (CAT) leads the latest of new buys by the best mutual funds in the last report. Outstripping Charles Schwab (SCHW), Applied Materials (AMAT), Lam Research (LRCX), Crocs (CROX) and Square (SQ), CAT stock raked in an impressive $1.4 billion from leading money managers.


Farm equipment leader Deere (DE) joins CAT stock on the list as both stocks bore into buy zones.

In addition to AMAT stock and LRCX stock, the best mutual funds have been putting their chips on fellow semiconductor sector stocks ASML (ASML), Brooks Automation (BRKS), Kulicke & Soffa (KLIC) and Lattice Semiconductor (LSCC).

Retail stocks, shoes and apparel names, and leisure stocks also joined the game as growth stocks outperformed. Etsy (ETSY), Williams Sonoma (WSM), RH (RH), Dick’s Sporting Goods (DKS), Brunswick (BC) and CROX stock made the cut. Floor & Decor (FND) crosses over into both the retail and building sectors.

The best mutual funds also constructed new positions or built add-ons to existing ones in building sector stocks.

With lumber prices soaring, top money managers scooped up shares in UFP Industries (UFPI) and Louisiana-Pacific (LPX), as well as building materials leaders Atkore (ATKR), TopBuild (BLD) and Builders FirstSource (BLDR).

Institutional investors also gave good appraisals to homebuilders D.R. Horton (DHI), LGI Homes (LGIH), PulteGroup (PHM), Green Brick Partners (GRBK) and Toll Brothers (TOL).

Note: Be sure to check these Excel files to see all the stocks on the latest list of new buys and list of new sells by the best mutual funds.

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Best Mutual Fund Buys And Stocks Near Buy Zones

Some names on the list, like CROX stock and steel producers Nucor (NUE) and Steel Dynamics (STLD), are extended from recent breakouts. Etsy stock and others have come under selling pressure and broken below key moving averages.

But several growth stocks to buy and watch — across a wide range of sectors — are setting up new chart patterns or testing new buy points. The rebound in the stock market indexes at the end of this week is helping boost their chances of success.

In the financial sector, Goldman Sachs (GS) and Morgan Stanley (MS) have both broken out into new buy zones. Payment processor SQ stock is trying to reboot its base as it gets a boost from Bitcoin. Square tried, but failed to close above its 50-day line.

In addition to the breakout attempts by CAT stock and DE stock, building sector stocks GRBK, BLD and Trex (TREX) are also constructing potential buying opportunities.

Hailing from the retail and leisure sectors, FND stock and MarineMax (HZO) are also entertaining new moves.

Not surprisingly, many of these leading growth stocks getting attention from the best mutual funds have also secured a spot on IBD’s premiere stocks lists such as the IBD 50, IBD Big Cap 20 and Sector Leaders.

Follow Matthew Galgani on Twitter at @IBD_MGalgani.


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