Hedge Funds Favour Skechers, Tesla and DoorDash for Long Positions: GS

Skechers, Tesla, and DoorDash are among Goldman Sachs' new favorite long positions, according to their "VIP" list of stocks. These stocks outperform the S&P 500 year-to-date at 15% compared to 10.8%. The list has been highlighted by Goldman Sachs strategists as appearing the most among hedge funds' top 10 holdings.

Goldman Sachs has identified Skechers, Tesla, and DoorDash as its new favorite long positions, according to their VIP list of stocks. These companies have outperformed the S&P 500 year-to-date, with a 15% gain compared to the index's 10.8% increase. The list has been highlighted by Goldman Sachs strategists as appearing most frequently among hedge funds' top 10 holdings [2].

Skechers, a leading athletic footwear and apparel company, has been a standout performer. Tesla, the electric vehicle and clean energy company, has seen significant growth driven by its innovative products and increasing demand for sustainable energy solutions. DoorDash, a food delivery service, has benefited from the rise in online food ordering, which has accelerated due to the pandemic and changing consumer behavior.

These stocks have caught the attention of Goldman Sachs' investment team, which is known for its expertise in investment banking, asset and wealth management, and financial services. The firm's revenues are primarily generated from investment banking activities, with a significant portion coming from the Americas region [1].

The list of preferred stocks is a reflection of Goldman Sachs' strategic outlook on the market and its belief in the long-term growth potential of these companies. It is essential for investors to consider their risk tolerance and investment goals when evaluating these positions.

References:
[1] https://www.marketscreener.com/news/goldman-sachs-offers-1-million-minimum-stakes-in-millennium-management-ce7c51dedf8ff621
[2] https://www.straitstimes.com/business/companies-markets/ex-goldman-trader-and-nus-alumnus-qin-xiao-starts-singapore-hedge-fund-gets-1-3-billion-allocation