Hedge funds buying these two Magnificent 7 stocks while cutting Netflix and Meta

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Hedge funds buying these two Magnificent 7 stocks while cutting Netflix and Meta

Hedge funds have made notable adjustments to their portfolios, particularly within the"Magnificent 7" stocks, according to recent data from Jefferies.

This increase in exposure reflects a growing confidence in these companies' ability to drive future growth, especially as Amazon continues to expand its cloud computing dominance and Microsoft leverages its strong position in AI, enterprise software, and cloud services.) saw reductions in their portfolio weightings, with Netflix being cut by 2.9% and Meta by 2.4%. This shift indicates a cautious approach towards these two companies.

This reduction was primarily redirected into cyclical stocks, which saw their weightings increase by 4.8% to 52.5%, reflecting a shift towards sectors that are more sensitive to economic cycles. Overall, hedge funds are recalibrating their positions within the tech sector, favoring Amazon and Microsoft while trimming stakes in Netflix and Meta, amidst a broader move from secular growth to cyclicals.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds dumped Japanese stocks at fastest pace in over 5 years- GSHedge funds dumped Japanese stocks at fastest pace in over 5 years- GS
Source: Investingcom - 🏆 450. / 53 Read more »