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Stock impact report

Hedge Funds Turn Bullish on Consumer Stocks Ahead of Potential Rate Cuts, Goldman Says [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Truce Talks Drag as Hamas Hits Israel Crossing in Deadly Attack Buffett Praises Apple After Trimming It, Drops Paramount Stake France's Macron Calls for Reset of Economic Ties With China Treasury Rally Risks Running Into a $125 Billion Brick Wall Xi Begins Europe Tour in Paris as Macron Seeks to Reset Ties After four weeks of selling, hedge funds last week piled into consumer discretionary stocks, which saw the largest net buying during the week ended May 3, according to data compiled by Goldman Sachs Group Inc.'s prime brokerage desk. The move was driven by long buys as well as the largest short covering since December 2023. Broadline retail, autos, hotels, restaurants and leisure were the most net bought sub-sectors, Goldman said. However, consumer discretionary still remains the most net sold US sector on Goldman's prime book year-to-date. The shift in sentiment comes amid broader optimism in US markets, after Fed Chair Jerome Powell last w Show less Read more
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