Hedge funds buy commodity stocks at fastest pace in five months, says Goldman

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 24 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 114%
  • Publisher: 78%

Kitco News Nouvelles

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

LONDON, July 8 - Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday.

Still, energy and materials stocks were among the most net bought sectors on the bank's prime brokerage desk last week, which tracks the trades of hedge funds. Hedge funds were not so keen on the stocks of paper, forest products and chemicals, which were modestly more sold than bought, the note added.

Generally, hedge funds crept back into global stocks last week, which were more bought than sold for the first time in three weeks, according to the note.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hedge funds dump tech stocks at fastest pace since 2016, Goldman showsSales could indicate that portfolio managers have become more bearish
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Chip Stocks Lose Shine as Hedge Funds Snap Up Software InsteadHedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Chip Stocks Lose Shine as Hedge Funds Snap Up Software Instead(Bloomberg) -- Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »