Hedge funds turned their backs on Johnson & Johnson and
Amazon.com Inc in the last months, according to the good folks at Reuters, kicking the former market darlings into a
group where they see stock prices dropping, research from Goldman Sachs shows.
Healthcare company Johnson & Johnson, whose share price
slipped 3.14 percent through mid-May from Jan. 1, now heads Goldman's newly
created list of "50 Very Important Short Positions." Exxon Mobil
Corp., Intel Corp, International Business Machines and Amazon.com round out the
top five companies that represent the largest short positions in the $2
trillion hedge fund industry.
The listing is the newly created counterweight to Goldman's
widely followed VIP list which ranks the 50 stocks that matter most to hedge
funds. Four of the five top names now on the short list - Exxon, J&J,
Amazon.com and IBM - were listed among the industry's 50 favorites only three
months ago when Goldman last issued its list in February….
Find out more at http://www.reuters.com/article/2012/05/23/hedgefunds-goldmanlist-idUSL1E8GN8HK20120523
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