Hedge funds trim exposure to megacap tech stocks, banks say

France Nouvelles Nouvelles

Hedge funds trim exposure to megacap tech stocks, banks say
France Dernières Nouvelles,France Actualités

Explore stories from Atlantic Canada.

Prelude to the Best Sommelier of Canada Contest | SaltWireNEW YORK - Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said.

Overall, the megacap companies are expected to post a 32.8% gain in earnings for the full year, while the rest of the S&P 500 sees a 2.3% decline over the same time, according to LSEG. Goldman Sachs Group showed a similar trend, adding hedge funds have net sold megacap tech stocks in the past two weeks.

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%
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:

SaltWire Network /  🏆 45. in FR
 

France Dernières Nouvelles, France Actualités



Render Time: 2025-01-12 00:23:38