The Smartest People on Wall Street Are Buying These 3 Stocks -- Should You Follow?

According to SEC filings, hedge funds were buying more shares in aviation-giant Boeing (NYSE: BA), heating ventilation and air conditioning company Carrier Global (NYSE: CARR), and elevator company Otis Worldwide (NYSE: OTIS) in the fourth quarter. Should investors follow their lead now, or is the party over for these three stocks?

A quick look at their performance shows that Boeing has outperformed the S&P 500 index on expectations of a recovery in air traffic as the vaccine rolls out and positive news flows on orders for the 737 MAX aircraft. Carrier and Otis -- two companies created out of the former United Technologies -- have not fared quite as well, but Carrier has managed to outpace the S&P 500 as of this writing as its stock has been up and down throughout the year.