Goldman Sachs: Hedge funds hate these stocks — including AT&T,Intel, Walmart
By Tae Kim | @firstadopter
• Goldman Sachs shares its list of top stocks hedge funds are betting against the most.
• The basket includes AT&T, Intel and Walmart.
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest.
The firm’s very important short positions basket consists of 50 S&P 500 stocks with the “highest total dollar value of short interest outstanding.”
Goldman’s very important short positions list is up 0.7 percent this year through May 16, slightly under performing the S&P 500’s 2.6 percent gain, according to the firm.
European stocks fall from 4-month high after weak PMI numbers
European stocks moved sharply lower on Wednesday, weighed by the return of geopolitical concerns after the latest comments from U.S. President Donald Trump and a round of disappointing eurozone data.
The pound dropped to a fresh 2018 low after U.K. inflation unexpectedly slipped in April.
Germany’s DAX 30 index DAX, -1.62% slumped 1.5% to 12,968.59.
DAX Likely to be Under Pressure
Netflix is acting ‘very feisty’ against one key level, but all-time highs are on the way
By Annie Pei | CNBC
Streaming giant Netflix is on its way to making new highs, but it needs to crack one key level first, according to TradingAnalysis.com founder Todd Gordon.
“Netflix is acting very feisty up around this $340 level,” Gordon said Tuesday on CNBC’s “Trading Nation.” He expects the stock to break above that level soon and soar to uncharted territory.