Mutual funds are picking up beaten-down growth stocks after a sharp sell-off spurred by fears of higher interest rates, according to Goldman Sachs.
The Wall Street firm looked at the quarter-end positioning of 534 actively managed mutual funds and found that fund managers shifted toward growth and away from value into 2022. Goldman said this trend has likely persisted into the first quarter.
Become a member of CNBC Pro to see the list of stocks with the largest increase in exposure by mutual funds. Get top stocks picks with Pro CNBC Pro gives you premium access to money-making ideas including daily stock recommendations, stock market trend analysis including commentary from leading Wall Street professionals, and all-access to CNBC Live Business TV.
Here are the top CNBC Pro stories today exclusive for our members!
Jefferies says to buy this tech stock, which could rally 40% from here
MON, FEBRUARY 28 2022
Here are Monday's biggest analyst calls of the day: Apple, Tesla, Best Buy, Starbucks, Exxon & more
MON, FEBRUARY 28 2022
Fundstrat's Tom Lee says the market may have reached a bottom for the first half of 2022
MON, FEBRUARY 28 2022
Best trades on CNBC Monday: Dan Niles lists his favorite Big Tech names, pros pick defense stocks
MON, FEBRUARY 28 2022
Goldman says stock pickers are buying the dip in growth stocks. Here are their favorites
TUE, MARCH 01 2022
The worst may be over for stock investors, says JPMorgan's Kolanovic
MON, FEBRUARY 28 2022
|