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Bed Bath & Beyond stock rockets a day ahead of ‘strategic update’

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The stock rocketed 27.4% in afternoon trading, while the S&P 500 index slipped less than 0.1%. On Friday, the stock had climbed 5.9% while the S&P 500 tumbled 3.4%, after the company's announcement that it would hold a conference call on Aug. 31 to offer a "business and strategic update."


Hedge and mutual funds are rotating into Growth from Value with the exposure to Info Tech and Consumer Discretionary increased, notes Goldman Sachs top U.S. equity strategist, David Kostin.

Goldman Sachs strategists analyzed equity holdings of hedge and mutual funds as of the start of 3Q 2022. The results show that mutual funds enhanced their weight in the GS' sector-neutral long/short Growth factor by 422 bp, which marks the largest quarterly increase since at least 2013, Kostin explained.





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