The group was among the worst-performing stock sectors last week, with heavy short selling outpacing long buys by a wide margin, according to Goldman Sachs.
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Industrials are the “it” sector of the stock market for hedge funds.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of…
Hedge fund managers presented a mix of long and short bets on global stocks at the annual Sohn London investment conference.
Bank of America saw $4.1 billion in inflows to single stocks from clients, the fifth largest since 2008, but hedge funds sat out.
Goldman Sachs emphasized that free cash flow remains the most critical indicator of downside resilience.
The market downturn put some stocks across the consumer discretionary, industrials and technology sectors into oversold territory.
