Goldman Sachs spotted the most loved stocks by both hedge funds and mutual funds, and they are crushing the market and the bank's own secret portfolios.
Goldman Sachs made a portfolio of the most loved stocks by both hedge funds and mutual funds, and it is crushing the market and the bank's own secret portfolios.
"Great minds think alike," Goldman's chief U.S. equity strategist David Kostin said in the note."The median shared favorite is expected to have higher margins and faster growth in 2019 than the median S&P 500 stock." The shared favorite stocks have outperformed the S&P 500 by 70 basis points in 2019 and by 16 percentage points since the start of 2018. They also have a track record of beating the market — the group has delivered an annualized return of 19 percent since 2013, higher than Goldman's hedge-fund and mutual-fund baskets and beating the S&P 500's 14 percent gain, the bank said.
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