10 Most Searched Stocks on Insider Monkey
Added 09-22-22 03:04:02pm EST - “In this article, we discuss 10 most searched stocks on Insider Monkey. If you want to see more stocks in this selection, check out 5 Most Searched Stocks on Insider Monkey. A Bloomberg report dated September 20 suggests that elite…” - News.yahoo.com
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In this article, we discuss 10 most searched stocks on Insider Monkey. If you want to see more stocks in this selection, check out 5 Most Searched Stocks on Insider Monkey.
A Bloomberg report dated September 20 suggests that elite hedge funds went on a buying spree as the S&P 500 declined 5% last week in light of the August inflation numbers. Data from Goldman Sachs indicates that these funds were betting against the broader market by pouring into ETFs. Accounting for both long and short positions, the total gross trading flow of hedge funds climbed for a fifth consecutive week, which is the biggest notional boost since 2017. Morgan Stanley data indicates that funds raised their bearish calls but did not trim long positions, and JPMorgan Chase’s hedge fund data shows that funds were net buyers. Given the stronger hedge fund performance lately, JPMorgan noted that funds are becoming more constructive. The JPMorgan analyst team wrote in a note:
“If performance were to deteriorate then perhaps the risk of further selling could increase, but for now it seems some hedge funds might be able to play a bit more offense than they were able to earlier this year.”
It is prudent to look for the moves of hedge funds to understand the market direction and investor sentiment better. This is why Insider Monkey regularly tracks the quarterly movements of elite hedge funds. Since they have massive teams, comprising the best talent, creating stock portfolios and investment baskets for clients, it is interesting to track their strategies or replicate them. Some of the most searched stocks on Insider Monkey include Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG), and Meta Platforms, Inc. (NASDAQ:META).
As per our data, the following stocks have been most searched on Insider Monkey. We have mentioned the percentage of searches for each stock, along with the hedge fund data as of Q2 2022, analyst ratings, and the latest news surrounding the companies for the convenience of our readers.
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