Markets

Hedge funds are piling into healthcare stocks at record pace, Goldman Sachs says

Hedge fund positioning in healthcare stocks reached a record 10 percentage points overweight compared to the Russell 3000 index, Goldman Sachs said Friday. The rotation was primarily fuelled by soaring interest in biotech names. Recent weeks have seen investors pile into companies racing to introduce the first coronavirus treatment. Positioning […]
Hedge funds are piling into healthcare stocks at record pace, Goldman Sachs says
Markets

Stocks will likely be trapped in a ‘fat and flat’ range until pandemic-led economic fallout fades, Goldman says

The stock market’s swift rebound through April drove Goldman Sachs’ Risk Appetite Indicator to its biggest-ever increase, and the bank now warns “worsened” symmetry in the investing landscape will tear into returns. Stock prices “appear high considering the uncertainty over growth, policy, and inflation,” the team wrote Friday, and investors […]
Stocks will likely be trapped in a ‘fat and flat’ range until pandemic-led economic fallout fades, Goldman says
Markets

Goldman Sachs says Amazon’s stock will surge 20% from current levels, making it the new biggest bull on Wall Street

In a note published Thursday morning, Goldman Sachs raised its Amazon price target to a street high $US2,900, implying 20% upside from current levels. Goldman sees the e-commerce giant reporting first quarter earnings “well above consensus expectations on revenue and profitability, while guiding 2Q above consensus on both metrics.” Goldman […]
Goldman Sachs says Amazon’s stock will surge 20% from current levels, making it the new biggest bull on Wall Street
Markets

Goldman Sachs is cutting nearly 100 jobs amid tumbling profits

Goldman Sachs is cutting 98 jobs across its operations,according to a filing. Employees have already been notified of the cuts, which are for “economic reasons” amid the Wall Street bank’s net income dropping 20% for the first quarter. The bank’s bonus pool also shrank after Goldman missed analyst revenue targets […]
Goldman Sachs is cutting nearly 100 jobs amid tumbling profits
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