Latest news with #HedgeFunds
Bloomberg
a day ago
- Business
- Bloomberg
Bank of America Clients Ditch Stocks at Fastest Pace in 10 Weeks
Bank of America Corp. clients withdrew money from US equities at the fastest pace in 10 weeks, reducing exposure as the S&P 500 capped its best quarter since 2023 to end June at a record. All major client groups — institutions, retail traders and hedge funds — collectively pulled $1.3 billion from US stocks last week, the bank's quantitative strategists including Jill Carey Hall wrote in a note published on Tuesday.
Yahoo
3 days ago
- Business
- Yahoo
Goldman Sachs Maintains Buy on Salesforce After Agentforce 3.0 Launch
Salesforce, Inc. (NYSE:CRM) ranks among the best fundamental stocks to buy according to hedge funds. Goldman Sachs maintained its $385 price target and Buy rating on Salesforce, Inc. (NYSE:CRM) on June 24 in response to the company's Agentforce 3.0 launch. Pixabay/Public Domain The investment bank claims that transparency, compatibility, and time-to-value are all significantly improved by the new platform. One significant feature is the Command Center, which represents Salesforce's first native observability layer for AI agents. Notably, it can integrate with tools like Datadog to offer real-time information. According to Goldman, Salesforce, Inc. (NYSE:CRM) is also expanding its adoption paths by introducing roughly 100 prebuilt actions with usage-based cost at $0.10 per action and an unlimited-use license for internal agents. Salesforce, Inc. (NYSE:CRM) is a cloud-based software company focused on customer relationship management. The company offers custom software and solutions for various applications, such as analytics, marketing automation, and sales. While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Stifel Raises PT on Brinker International (EAT) Stock, Maintains Buy
Brinker International, Inc. (NYSE:EAT) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Stifel analyst Chris O'Cull upped the price target on Brinker International, Inc. (NYSE:EAT)'s stock to $215 from $200, while keeping a 'Buy' rating, as reported by The Fly. The firm cited Chili's robust traffic performance and market share gains as the key reasons. A Chili's Grill & Bar restaurant filled with happy customers enjoying a meal. The firm assessed Chili's market share, growth capacity, as well as constraints, in order to determine whether or not its outperformance compared to the full-service industry will continue. Stifel opines that the chain can continue to gain market share in a fragmented category, wherein scale advantages have been more valuable. As per the analysis conducted by the firm, current traffic volume per store, despite improving from recent lows, remains well below the historical peaks. Overall, the firm concluded that Brinker International, Inc. (NYSE:EAT) possesses a proven playbook that would lead to durable same-restaurant sales gains. For FY 2025, Brinker International, Inc. (NYSE:EAT) expects total revenues to be in the range of $5.33 billion – $5.35 billion, and net income per diluted share (excluding special items) (non-GAAP) to be in the range of $8.50 – $8.75. While we acknowledge the potential of EAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EAT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
TD Cowen Begins Coverage of BrightSpring Health Services (BTSG) Stock, Gives Buy
BrightSpring Health Services, Inc. (NASDAQ:BTSG) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, TD Cowen initiated coverage of BrightSpring Health Services, Inc. (NASDAQ:BTSG)'s stock with a 'Buy' rating and a price objective of $37. The firm mentioned the company's position as a leading oncology-focused specialty pharmacy and home health provider, highlighting that it stands to benefit due to the continued specialty growth in the broader healthcare sector. A pharmacist wearing a lab coat standing in front of a pharmacy automation solution. Furthermore, the firm also cited the advantages for BrightSpring Health Services, Inc. (NASDAQ:BTSG) coming from the generic wave due to pharma's upcoming patent cliff as a critical factor responsible for the positive outlook. Also, the firm stated that its price objective demonstrates that BrightSpring Health Services, Inc. (NASDAQ:BTSG)'s stock trades at 15 times its adjusted EBITDA estimate for FY 2026. For FY 2025, the company has increased its guidance, which excludes the Community Living business and the effects related to future closed acquisitions. BrightSpring Health Services, Inc. (NASDAQ:BTSG) expects net revenue of between $12,000 million – $12,500 million, or 19.1% – 24.1% growth, with Pharmacy Segment revenue of between $10,550 million – $11,000 million, or 20.5% – 25.7% growth. While we acknowledge the potential of BTSG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTSG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Northern Trust Adds Investment Data Science Clients in Hong Kong
Keyrock Capital and Clean Alpha Partners Choose Northern Trust and Equity Data Science for Research Management Support HONG KONG, June 26, 2025--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today it has been selected by Hong Kong-based asset managers Clean Alpha Partners and Keyrock Capital Management Limited to deliver Investment Data Science solutions through its strategic partnership with Equity Data Science (EDS). Founded in 2024, Clean Alpha Partners ("Clean Alpha") is a market neutral hedge fund designed to deliver high sharpe ratio returns from the global energy transition. Founded in 2018, Keyrock Capital Management Limited ("Keyrock") is a fundamental investment firm focused on Asia Pacific companies. Under the new mandates, Northern Trust will provide access to EDS' Research Management System (RMS), a workflow solution that integrates real-time quantitative and qualitative data to drive faster, more informed investment decisions through actionable insights. "The complex, sophisticated strategies employed by hedge fund managers require a deep understanding of market dynamics, sentiment, and risk," said Angelo Calvitto, Head of Asia Pacific, Northern Trust Asset Servicing. "The EDS research management platform is designed to help investment teams more easily analyze the data that informs their decision-making. Our selection by Keyrock and Clean Alpha demonstrates Northern Trust's commitment to providing asset managers in APAC with solutions to their unique challenges." "At Keyrock, we recognized that our analysts generate a wealth of data, but we needed a way to track forecasts while integrating them within our research notes and theses," said Jonathan Shih, Chief Investment Officer, Keyrock. "We looked for a partner to help us fill this gap and chose Northern Trust and EDS. We can now bring our data together in a single platform that supports our internal processes and enhances the efficiency of our research management." "Data plays a critical part in our decision-making process, and we needed a solution that was flexible enough to support our bespoke methodology and help us more effectively manage our proprietary information," said Matt Starick, Founder and CIO, Clean Alpha Partners. "Northern Trust and EDS' solution provides a centralized platform to organize our data, creating greater efficiency in our investment decision-making." Northern Trust's Investment Data Science (IDS) product suite has seen rapid growth, with its client base tripling in the last two years as institutional investors seek solutions to their data challenges. This business momentum is a testament to the unique set of solutions offered by Northern Trust and its strategic partners, allowing clients to optimize their investment process to deliver enhanced outcomes. Northern Trust has offices across Asia Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo. It has strong relationships with some of the region's largest asset managers, central banks, sovereign wealth funds, government agencies, and corporations. About Equity Data Science Equity Data Science (EDS) is an investment process management (IPM) solutions provider empowering leading hedge funds and asset managers with deeper insights, streamlined workflows, and enhanced productivity for superior decision-making. Trusted since 2012, EDS has combined proprietary and third-party data and research into a flexible, configurable platform tailored to each client's unique investment vision. The comprehensive platform supports the entire investment lifecycle, including idea generation, research management, portfolio construction and analytics, risk management, performance attribution, and ESG integration. For more information, visit About Keyrock Capital Management Limited Keyrock Capital Management Limited ("Keyrock") is based in Hong Kong but also has offices in Tokyo and Ho Chi Minh City. Accessing Asia's dynamism is challenging due to the region's complexity and rapid transformations. With on the ground resources, Keyrock can identify and invest with underappreciated companies in Asia Pacific. Portfolio companies are selected after careful investigation of the management team, business model, competition, and structural trends. Capital is allocated across the entire region towards the best risk/reward opportunities. The firm was founded in 2018 and is regulated by the Hong Kong SFC. About Clean Alpha Partners Clean Alpha Partners ("CαP") is an investment management firm with offices in Australia, Hong Kong and the USA. CαP's mission is to extract and compound public equity market alpha from the global energy transition. The strategy aims to maximise returns, minimise systematic risk, and deliver high Sharpe ratio performance in all market conditions. The strategy utilises strict equity market neutral portfolio construction. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Media ContactsEurope, Middle East, Africa & Asia-Pacific: Camilla Greene+44 (0) 20 7982 2176Camilla_Greene@ Simon Ansell+ 44 (0) 20 7982 1016sa777@ US & Canada: John O'Connell+1 312 444 2388John_O'Connell@ Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
