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☆ Goldman's hedge fund stock list is up 30% this year. Here's what's in it
▼ + stars: | 2024-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs' list of top-performing longs in hedge funds has seen outsized gains in 2024, a sign that moves made by these firms have paid off this year. The bank's so-called very important positions, or "VIP," list has climbed about 30% year to date. Goldman strategist Ben Snider noted that hedge funds shifted somewhat to cyclical industrials from defensives in the third quarter, allowing them to benefit from the postelection rally. Goldman has a running list of its very important stock picks within hedge fund long holdings. However, most analysts surveyed by LSEG rate the stock a buy or strong buy, consensus price targets suggests shares may drop more than 23%.

Persons: Goldman Sachs, Goldman, Ben Snider, Snider, Mike Tyson, Jake Paul, AppLovin, Piper Sandler, James Callahan, Eli Lilly, Donald Trump, Robert F, Kennedy, Jr Organizations: China ADR, Netflix, Department of Health, Human Services, LSEG Locations: defensives, China

☆ U.S. consumers remain healthy, but the sector is not our top pick for stocks: Goldman Sachs
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. consumers remain healthy, but the sector is not our top pick for stocks: Goldman SachsGoldman Sachs' Ben Snider notes that as U.S. interest rates decline, dividend-paying stocks are becoming increasingly attractive for investors looking to hedge in the current market environment.

Persons: Goldman Sachs Goldman Sachs, Ben Snider Organizations: U.S

☆ Hedge funds are loading up on these under-the-radar AI plays while cutting back on the megacaps
▼ + stars: | 2024-05-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank analyzed the holdings of 707 hedge funds with $2.7 trillion of gross equity positions at the start of the second quarter. Goldman found that hedge funds added to under-the-radar winners across the entire AI universe, particularly players in infrastructure, including Marvell Technology , TD Synnex , AES Corporation and Littelfuse . Copper miner Freeport-McMoRan and solar tracking company Nextracker, both involved in AI's power production, also saw increased popularity among hedge funds. Hedge funds also trimmed positions in other megacap stocks benefiting from the AI enthusiasm, including Microsoft , Meta Platforms and Amazon . Apple was the exception in the so-called " Magnificent Seven " group — hedge funds added exposure to the Tim Cook-led iPhone maker, according to Goldman.

Persons: Goldman Sachs, Goldman, Ben Snider, Tim Cook Organizations: Marvell Technology, AES Corporation, Littelfuse, Walgreens Boots Alliance, American, Nvidia, Microsoft, Meta, Apple Locations: Freeport, McMoRan

☆ Improving earnings growth helping market rally broaden, says Goldman Sachs' Ben Snider
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImproving earnings growth helping market rally broaden, says Goldman Sachs' Ben SniderBen Snider, Goldman Sachs senior strategist, and Dana D’Auria, Envestnet Co-CIO, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Goldman Sachs, Ben Snider Ben Snider, Dana D’Auria, Envestnet

☆ Goldman says small caps to beat large caps this year. 10 cheap smaller stocks to buy
▼ + stars: | 2024-01-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks could finally break out above their large-cap peers in 2024, according to Goldman Sachs portfolio strategists. Small caps lagged large caps by a wide margin in 2023, with the Russell 2000 climbing about 15% compared to a 24% gain for the S & P 500. Snider ties the optimistic outlook for small-cap stocks to Goldman's macroeconomic outlook for the coming year, which anticipates 2% growth in U.S. gross domestic product. The forecast 15% return for the Russell 2000 this year also matches the index's historical median return of 16% during presidential election years going back to 1984, Goldman argued. TGNA 1Y mountain TEGNA stock.

Persons: Goldman Sachs, Russell, Ben Snider, Goldman, Snider, Tegna, WisdomTree, Ziff Davis, — CNBC's Michael Bloom Organizations: Nvidia, Apple, NBC, WT, Research, Technologies, Comcast, CNBC

☆ Big-money investors are increasingly bullish on these 8 AI beneficiaries, according to a Goldman Sachs analysis of over 744 hedge funds with a combined $2.4 trillion in equities
▼ + stars: | 2023-08-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge funds' top holdings have performed much better this year than in 2022 or 2021. Here are eight artificial intelligence beneficiaries that hedge funds are gravitating toward. The heaviest investments from hedge funds recently have been to energy and financials stocks, Snider wrote. 8 AI winners that hedge funds still loveWhile hedge funds haven't turned their back on tech, it may appear that way at first glance. Along with each is its ticker, industry, the number of hedge funds that owned it in December 2022 and June 2023, and the increase in the number of hedge funds that owned the stock in that span.

Persons: Goldman Sachs, Goldman Sachs Goldman Sachs, Ben Snider, Snider, they're, Russell, they've, haven't, it's Organizations: Microsoft, Nvidia, Goldman Sachs Research, Apple

☆ The AI boom could go one of 2 ways, and the path companies choose could make or break the US workforce
▼ + stars: | 2023-05-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Businesses are expected to use AI to boost productivity and their profits. The adoption of AI could mean higher wages for workers — or that they lose their jobs altogether. In the years ahead, generative AI including ChatGPT could disrupt — not necessarily replace — 300 million full-time jobs across the globe, according to Goldman Sachs. Over the next decade, that AI productivity boost could increase S&P 500 profits by 30% or more, Ben Snider, a senior strategist at Goldman Sachs, told CNBC last week. "AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said.

☆ AI is the latest buzzword in tech—but before investing, know these 4 terms
▼ + stars: | 2023-05-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

ChatGPT, the viral chatbot that generates conversational responses to written inputs from users, has made artificial intelligence (AI) the latest buzzword in tech. AI took center stage at Google's annual developer's conference on May 10, where the company announced that its search engine would incorporate AI in order to synthesize search results for users. The company also plans to integrate AI into Gmail to help users write emails. The company has also infused its popular Microsoft 365 apps, including Word and Excel, with a new set of AI features dubbed "Copilot." Here are four AI terms to know.

☆ BofA says AI is in a 'baby bubble' that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT
▼ + stars: | 2023-05-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. AI is in a "baby bubble" for now, Michael Hartnett, chief investment strategist at Bank of America Global Research, wrote on Friday. The Fed may be on the way to pausing its run of rate hikes at its June 14 gathering. The dot-com bubble popped nine months later. "AI = internet," wrote Hartnett.

☆ AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs' strategist says
▼ + stars: | 2023-05-18 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

AI technology could boost S&P 500 profits by 30% or more over the next decade, a Goldman strategist said. "The real source of optimism now is productivity enhancements through artificial intelligence," Ben Snider said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyArtificial intelligence technology could boost S&P 500 profits to new highs over the next decade, according to a senior strategist at Goldman Sachs. And that could increase S&P 500 profits by 30% or more over the next decade," the Wall Street bank's Ben Snider told CNBC on Thursday. "A lot of the favorable factors that led to that expansion (of S&P 500) earnings seem to be reversing," Snider said.

☆ We think most of the Fed hiking cycle is behind us, says Goldman Sachs
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think most of the Fed hiking cycle is behind us, says Goldman SachsBen Snider of the investment bank says it expects the U.S. Federal Reserve will pause hiking interest rates, and adds that it seems S&P companies are starting to pull back on their corporate spending.

☆ Goldman Sachs says A.I. could push S&P 500 profits up by 30% in the next decade
▼ + stars: | 2023-05-18 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Over the next 10 years, AI could increase productivity by 1.5 percent per year. And that could increase S&P500 profits by 30 percent or more over the next decade, Goldman Sachs says. Goldman Sachs is bullish about artificial intelligence and believes the technology could help drive S&P 500 profits in the next 10 years. And that could increase S&P500 profits by 30% or more over the next decade," Goldman's senior strategist Ben Snider told CNBC Thursday. "A lot of the favorable factors that led to that expansion (of S&P 500) earnings seem to be reversing," Snider told CNBC on "Asia Squawk Box."

☆ CNBC Daily Open: Farewell for now, default fears
▼ + stars: | 2023-05-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Progress on U.S. debt ceiling talks and a sign of health at one regional bank gave markets the confidence to rally Wednesday. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Progress on U.S. debt ceiling talks and a sign of health at one regional bank gave markets the confidence to rally Wednesday. PacWest, another regional bank, surged 21.7%, while the broader SPDR S&P Regional Banking ETF (KRE) rose 7.4%.

☆ Goldman Sachs says hedge funds’ favorite stocks are up 10% this year already after a brutal 2022
▼ + stars: | 2023-02-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

A group of hedge funds' favorite stocks staged a fierce comeback in the new year with a double-digit return, according to Goldman Sachs. It then compiled a basket of the most popular long positions, dubbed Goldman's "Hedge Fund VIP basket," consisting of 50 stocks that most frequently appear among the largest 10 holdings of hedge funds. These hedge fund darlings have rebounded more than 10% year to date as technology stocks rebounded from steep losses, the firm said. The strength in these VIPs lifted the average hedge fund to a 3% return in early 2023, Goldman said. Microsoft and Amazon remained the two most popular hedge fund long positions last quarter.

☆ Hedge funds are adding to these 'rising star' stocks with conviction, according to Goldman
▼ + stars: | 2022-11-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The hedge fund community has bought several stocks with conviction during this year's market turmoil, and those same names could outperform going forward, according to Goldman Sachs. Goldman then identified a number of Russell 1000 stocks with the largest increase in number of hedge fund owners during the third quarter — so-called "rising stars." During the last 20 years, these rising hedge fund stars have typically gone on to outperform sector peers during the quarters following their rise in popularity, Goldman said. UnitedHealth stands on top of the list, with 31 hedge funds adding the stock last quarter. Other top picks among hedge funds included Signify Health , Edwards Lifesciences and TransUnion .

☆ S&P 500 typically gains big in the year after midterms, even when there's a recession
▼ + stars: | 2022-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Tuesday's midterm election may spur some near-term volatility, but history shows the stock market typically rises the year after the off year contests — even with a recession. The year following midterms has historically been a strong one for the S & P 500 , with the benchmark gaining 20.1% on average, according to Citigroup data going back to 1960. Even when there's a recession the next year, returns are surprisingly robust, with the S & P 500 rising 24.4% on average during three instances in 1974, 1990 and 2006, Citi said. "Equities typically perform well following midterm elections as political uncertainty declines," Ben Snider, Goldman Sachs senior strategist on the U.S. "Equity returns have generally been slightly stronger under divided governments than when one party has unified political control."

☆ Housing isn't getting any cheaper. But an expensive mortgage is not the only thing making homes so unaffordable.
▼ + stars: | 2022-11-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Everyone's talking about how the Fed's rate hikes have sent mortgage rates skyrocketing. But even as mortgage rates have climbed above 7%, my colleague Alcynna Lloyd and I report that there's more to the story. The general gist is that the surge in home prices — fueled by the low rates of the pandemic era — hasn't come down as fast as mortgage rates have come up. There's a saying, "all real estate is local." This self-made millionaire who made his money investing in real estate isn't interested in taking out a mortgage right now.

☆ A senior strategist for Goldman Sachs told us stocks still don't look cheap, and investors shouldn't get too bullish too soon. Here's how they can make the most of limited upside and stay safe in 2023
▼ + stars: | 2022-11-03 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Don't bet on a big market rally or a Fed pivot now, according to Ben Snider of Goldman Sachs. Snider says he thinks the S&P 500 will finish 2023 at 4,000, and recommends a cautious approach. His team, which works closely with Chief US Equity Strategist David Kostin, handles forecasts for the S&P 500 and thematic investment recommendations for US stocks. That said, he thinks the S&P 500 could reach 4,000 at the end of 2023, an over-6% increase from where the benchmark index stands today. "If you adjust for the interest rate environment, stocks don't look cheap.

☆ Goldman Sachs shares the 2 stock market sectors that have historically outperformed the most in the 2 months following midterm elections — and the best area of the market to put your money if Republic
▼ + stars: | 2022-10-18 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Midterm elections in the US are just three weeks away. Usually, midterm elections that are just three weeks out are relatively high up on investors' list of concerns as uncertainty swirls around future regulation and fiscal policy. In the 12 months following midterm elections, the S&P 500 has historically risen 17%. "Since 1932, the 12 months following midterm elections have historically been the strongest year for equities in the four-year presidential cycle," a team of strategists led by Ben Snider said in the note. Goldman SachsRegardless of the outcome, however, two market sectors have outperformed most in the two months following midterms: information technology and healthcare.

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