Hedge funds and mutual funds — two of the biggest investor groups — piled into a handful of the same stocks last quarter in anticipation of changing market leadership and higher volatility, according to Goldman Sachs. The Wall Street bank analyzed the holdings of 693 hedge funds with $2.8 trillion of gross equity positions as…

Check out the companies making headlines before the bell. Boeing — Shares fell more than 1% after NASA announced Saturday it will turn to SpaceX to bring back two astronauts from the International Space Station. Boeing has said its Starliner was safe for the astronauts to fly home in case of an emergency — despite…

Major Chinese companies’ latest quarterly reports reinforce how the local market is one for stock pickers. “There has been outperformance, but it has been unique to certain companies,” Lorraine Tan, director of Asia equity research at Morningstar, said in a phone interview with CNBC Pro. “The trend is, across the board, more so weakness reflecting…

It appears more investors are eyeing dividend stocks ahead of the Federal Reserve’s interest rate decision in September. Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates. “Investors are moving back toward dividends out of money markets, out of fixed income, but also importantly toward…

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of…

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his keynote speech Friday morning at the central bank’s annual retreat in Jackson Hole, Wyoming. Breaking: Fed Chair Powell indicates interest rate cuts ahead…

Check out the companies making headlines before the bell. Chewy — The pet retailer stock advanced more than 2% on an upgrade from Piper Sandler to outperform from neutral. Piper Sandler believes gross margin expansion and efficiency gains are upside catalysts for the stock. Peloton — Shares of the connected fitness company slid about 2.4%,…

Taiyou Nomachi | Digitalvision | Getty Images Remote work, a trend that sprang to prominence during the Covid-19 pandemic, appears to be an entrenched fixture of the U.S. labor market, according to economists. The work-from-home revolution is “one of the major shifts in the U.S. labor market in the last couple decades,” said Nick Bunker,…

Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines after the bell:  Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per…

Check out the companies making headlines in midday trading: Crocs — Shares of the footwear company gained nearly 2% following an upgrade to buy at Williams Trading. The investment firm said Crocs’ addition of actress Sydney Sweeney as a spokesperson for its Heydude brand could reverse previously negative sales trends. Nordson — The adhesives stock…