金融股Everest Group(EG.US)、洲际交易所(ICE.US)、Rithm Capital (RITM.US)、Raymond James Financial (RJF.US)和W.R. Berkley(WRB.US)都在高盛本季度对冲基金人气的“新星”名单中。发现金融服务公司(DFS.US)和PayPal(PYPL.US)成为高盛“对冲基金VIP”名单的新成员。According to Goldman Sachs strategists, Donald Trump's victory in the presidential election caused hedge funds to shift their holdings to cyclical industries such as finance.
The Zhitong Finance App learned that, according to Goldman Sachs strategists, Donald Trump's victory in the presidential election caused hedge funds to shift their holdings to cyclical industries such as finance. Goldman Sachs strategist David Kostin said in a November 22 report, “Hedge funds have reduced their net holdings in healthcare, consumer necessities, and real estate while increasing their financial holdings to the highest level in at least 15 years.”
The company's basket of “cyclical versus defensive stock pairings” rose 6% on November 6, the day after the election. This is the biggest single-day increase in cyclical stocks since the World Health Organization announced the COVID-19 pandemic in March 2020.
Financial stocks Everest Group (EG.US), Intercontinental Exchange (ICE.US), Rithm Capital (RITM.US), Raymond James Financial (RJF.US), and W.R. Berkley (WRB.US) are all on Goldman Sachs' list of hedge fund popularity this quarter. Financial Services (DFS.US) and PayPal (PYPL.US) were discovered to be new members of Goldman Sachs's “Hedge Fund VIP” list.
As for stocks that both hedge funds and mutual funds are optimistic about, Goldman Sachs's list includes construction materials company CRH (CRH.US), transaction processing company Fiserv (FI.US), payment company Mastercard (MA.US), insurance company Progressive (PGR.US), audio streaming media Spotify (SPOT.US), payment company Visa (V.US), and data center equipment manufacturer Vertiv Holdings (VRT.US).
Recently, Wall Street analysts have focused on predicting the potential impact of Trump's victory on bank stocks. Analysts believe that the most important thing is that regulations are expected to be relaxed, that antitrust scrutiny may boost mergers and acquisitions, and that the prospect of higher tariffs is expected to lead to higher terminal interest rates.
Citibank analyst Keith Horowitz wrote in a report to clients that the three key risks of regulation, interest rates, and credit are “all shining the green light.” The new government is also expected to create a more friendly environment for mergers and acquisitions.
Morgan Stanley analysts are also fond of financial stocks and have compiled a list of stocks rated as “overweight.” Due to reduced risk during the earnings season, accelerated capital market activity, and attractive valuations and positions, the bank's analysts raised the rating of financial stocks to increase their holdings in early October. Furthermore, the bank deduces that another reason financial stocks performed well is due to strong rising profit expectations. Expectations of deregulation due to recent presidential election results are driving the sector's performance.
