Investors Are Writing Off These 3 Unprofitable Tech Stocks, but That's a Huge Mistake
There's a huge rotation currently underway from so-called growth stocks to so-called value stocks as investors are swapping out the former for the latter in their portfolios. And there's real data to back this up.
Goldman Sachs has a quarterly report called Hedge Fund Trend Monitor. Last year, the report showed hedge funds were selling pricey stocks and buying positions in stocks that were perceived to be better values, like energy stocks, according to Forbes.
To end 2022, Goldman Sachs' report showed that hedge funds were doing more than just rotating. They were also concentrating their portfolios around fewer stocks. Combining insights from these two reports shows that investors are desperate to find good value in the stock market but can't find many opportunities.
Source Fool.com
