Finance: CREDIT SUISSE: The 11 big-name stocks hedge funds are dumping

Past returns are not necessarily indicators of future performance, and the stocks on the following list might be perfect examples of that.

It's easy to be distracted by a high market capitalization.

Companies that have worked their way to the top of their fields must have made some right moves along the way.

But past returns are not necessarily indicators of future performance, and the stocks on the following list might be perfect examples of that.

Credit Suisse put together a list of the large-cap stocks that hedge funds are dropping. These are stocks that, in many cases, a lot of funds still own, but that saw a big fall in the number of funds investing in them during the first quarter of this year.

A large number of hedge funds selling a stock could be an indicator of a not-so-bright future for the company. Read through the list below.

Targa Resources (TRGP)

Current Price: $45.74

2017 performance: -18.4%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company...

Data provided by Credit Suisse

General Motors (GM)

Current Price: $34.68

2017 performance: -0.5%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company...

Data provided by Credit Suisse

Gilead Sciences (GILD)

Current Price: $65.43

2017 performance: -8.6%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company...

Data provided by Credit Suisse

United Parcel Service (UPS)

Current Price: $108.94

2017 performance: -5.0%

Number of hedge funds that dropped the stock: 17

Click here to learn more about the company...

Data provided by Credit Suisse

Reynolds American (RAI)

Current Price: $64.92

2017 performance: 15.8%

Number of hedge funds that dropped the stock: 20

Click here to learn more about the company...

Data provided by Credit Suisse

Time Warner (TWX)

Current Price: $99.95

2017 performance: 3.5%

Number of hedge funds that dropped the stock: 21

Click here to learn more about the company...

Data provided by Credit Suisse

Target (TGT)

Current Price: $57.87

2017 performance: -19.9%

Number of hedge funds that dropped the stock: 24

Click here to learn more about the company...

Data provided by Credit Suisse

General Electric (GE)

Current Price: $28.94

2017 performance: -8.4%

Number of hedge funds that dropped the stock: 25

Click here to learn more about the company...

Data provided by Credit Suisse

Bristol-Myers Squibb (BMY)

Current Price: $54.36

2017 performance: -7.0%

Number of hedge funds that dropped the stock: 28

Click here to learn more about the company...

Data provided by Credit Suisse

Mead Johnson Nutrition

Current Price: $89.98

2017 performance: 27.2

Number of hedge funds that dropped the stock: 30

Click here to learn more about the company...

Data provided by Credit Suisse

Qualcomm (QCOM)

Current Price: $57.49

2017 performance: -11.8%

Number of hedge funds that dropped the stock: 32

Click here to learn more about the company...

Data provided by Credit Suisse

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Past returns are not necessarily indicators of future performance, and the stocks on the following list might be perfect examples of that. Read Full Story