Buying in semi-conductor and related equipment companies outweighed selling in tech hardware
Hedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by Reuters on Monday, spurred by the Federal Reserve’s anticipated 50-basis point rate cut.
The Fed’s first rate cut in four years lifted U.S. stocks last week, with the S&P 500 index closing Friday 1.15% higher, as recession fears ebbed and investors digested the implications of easing monetary policy. , like computer, monitor and hard drive manufacturers, the Goldman Sachs note said. By contrast, consumer products were the most sold on Goldman Sachs’ prime brokerage book, the note said.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge funds switch to buying banks, insurance and trading firms, says Goldman SachsBanks, insurance and trading firms returned to favour as hedge funds last week snapped up these company stocks at the fastest pace since June 2023, a Goldman...
Read more »
Hedge funds snap up US tech stocks amid falling rates, says Goldman SachsHedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by...
Read more »
Hedge funds bet against banks, insurance and property, says Goldman SachsHedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid...
Read more »
Intel faces 'uphill battle' as its stock hovers near record lows: Goldman Sachs analystThe inflection point for Intel can't be seen just yet, says Goldman Sachs.
Read more »
Ex-Goldman Sachs Banker Plans to ‘Massively’ Scale New Steyer Venture(Bloomberg) -- Joseph Sumberg, a former managing director at Goldman Sachs Group Inc., is betting his career on the idea that climate change is about to turn...
Read more »
Goldman Sachs lowers copper price target, bullish on goldCopper prices (HG=F) are sliding after Goldman Sachs lowered its price target on the precious metal commodity, telling investors to 'go for gold' (GC=F) in a...
Read more »