This year has been miserable for hedge funds, especially those with long/short equity strategies. According to research firm Preqin, funds of that type were down an average of 0.24% in April. So that means changes must be made. In its latest Hedge Fund Trend Monitor report, Goldman Sachs has a handy table of stocks hedge funds are dropping to improve their performance.
3 Growth Stocks to Sell Now
Horton rose 92 cents, or 4.1 percent, to $23.57. The Commerce Department reported that sales of U.S. new homes rose 6.4 percent in April after slumping in the previous two months. "While it wasn't a stellar number, it was not weak and it helps assuage fears" that the housing recovery is weakening, said Quincy Krosby, a market strategist with Prudential Financial. "It really did help set the tone of the market." On Friday, investors favored stocks that stand to fare better than others in a strengthening economy.
U.S. stocks rise; S&P 500 hits 1,900 - Market Snapshot - MarketWatch
There is a lack of growth in the market given the relatively tepid economic environment, and so the shares of companies that actually are growing are in demand. Unfortunately, they rose too far last year, and as the economy began to show further weakness toward the beginning of this year, investors sold shares in these companies pretty aggressively. This changed a few weeks ago. Once again we are beginning to see strength in several but not all of those names that investors were willing to buy last year regardless of valuation.
S&P 500 closes above 1,900 for first time - US News
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STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here's What You Need To Know - Yahoo Finance
Just add items to create a watchlist now: By Victor Reklaitis and Anora Mahmudova , MarketWatch NEW YORK (MarketWatch) After three straight days of advances, the U.S. stock market finished the week with solid gains, sending the S&P 500 above the 1,900 level, a first on a closing basis. Fridays gains sent the Dow Jones Industrial Average into positive territory for the year, alongside the S&P 500 and Nasdaq Composite. Trading volume on Wall Street was the lowest this year, according to FactSet. A report showing a stronger-than-expected rebound in U.S.