Should I Buy Jefferies Financial Group Inc. (JEF)?

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At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. This is the perfect market for stock pickers, now that the stocks are fully valued again. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Jefferies Financial Group Inc. (NYSE:JEF) at the end of the second quarter and determine whether the smart money was really smart about this stock.Jefferies Financial Group Inc. (NYSE:JEF) was in 37 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for this statistics is 39. JEF shareholders have witnessed an increase in hedge fund sentiment in recent months. There were 30 hedge funds in our database with JEF holdings at the end of March. Our calculations also showed that JEF isn’t among the 30 most popular stocks among hedge funds (click …

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