Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs

© Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo

Hedge fund short bets in consumer staples in the week to Friday Oct. 13 hit the highest amount seen in three months and ranked among the highest levels hit in the past five years, said the note from Goldman Sachs prime brokerage, which serves hedge funds.Shares of U.S. consumer staples have fallen about 10% so far this year as these stocks, which normally deliver consistent and higher dividends than U.S. Treasuries, were no match for recent soaring government bond yields.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Goldman Sachs Wants Out of the Apple Card Business, Report ClaimsThe Wall Street giant is expected to disappoint in Tuesday's third-quarter earnings, with the Apple partnership facing intense scrutiny.
Fuente: Gizmodo - 🏆 556. / 51 Leer más »

How Goldman Sachs Fumbled Its Consumer BusinessWhen Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reuters
Fuente: WSJ - 🏆 98. / 63 Leer más »

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
Fuente: CNBC - 🏆 12. / 72 Leer más »