The coronavirus pandemic suddenly made hedge funds relevant, particularly when Pershing Square hedge fund manager Bill Ackman did what has been called the best trade ever by betting against the market. before coronavirus closures.
RBC Capital Markets has analyzed the equity holdings of 342 hedge funds, based on the 13-F filed with the Securities and Exchange Commission, and found that the most popular names in hedge funds outperformed for the first half of the year. 2020. At the top, there were no surprises – Amazon.com
AMZN
and Microsoft
MSFT
– although the list may include less obvious companies like Fidelity National Information Services
FIS
and charter communications
CHTR,
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Of course, much of this superior performance came when the market collapsed – the performance of these companies was mixed during the recovery. What RBC calls “hot dogs” is also more health care focused, with Merck
MRK
AbbVie
ABBV
and biogenic
BIIB
added to the list. It is still run by technology, internet, media and telecommunications companies. Hedge funds, for their part, were actively reducing their exposure to manufacturers, notably Boeing.
LICENSED IN LETTERS,
,
Delta Airlines
DAL
and United Airlines
UAL
Buzzing
The minutes of the April Federal Reserve meeting are due at 2 p.m. Eastern, which could give an idea if the central bank has other ideas in its pocket that it has not yet implemented.
Fujifilm shares
FUJIY
came across reports in Tokyo that an unpatented drug for COVID-19 was ineffective based on an interim analysis.
Lowe Home Renovation Retailer
LOW,
said tax profits in the first quarter and that sales rose well above expectations, and sales momentum continued until May.
Clorox
CLX
who took advantage of the growing demand for cleaning products, increased their dividend by 5%.
Comedian Joe Rogan will bring his podcast exclusively to Spotify Technology
TASK,
in a license agreement worth more than $ 100 million, according to the Wall Street Journal.
The UK sold its first government bond at a negative interest rate.
The steps
After passing out on Tuesday evening
SPX
Concerned about modern vaccines and the future of US stocks United States looked even brighter, with futures on the Dow Jones Industrial Average
YM00
up to 301 points.
Crude Oil Futures
CL.1
highest edge just like gold
GC00,
The euro
EURUSD
increased against the dollar.
The graphic
CBO
Non-partisan Congress Budget Office produced his latest economic forecasts, and visualize what seems to be a recovery for the American economy. United States The CBO said gross domestic product will contract by 11% in the second quarter, which is equivalent to a 38% drop from the annual rate. The CBO said the unemployment rate will be 15.8% in the third quarter, by which time labor market conditions will gradually stabilize.
Random readings
International bee day highlights the fate of pollinators.
NASA chief of human space flights resigned a week before the launch of American soil astronauts for the first time in ten years.
The need to know starts early and updates until the opening bell, but