As a result of the closures of schools and workplaces, the US economy had the greatest drop in employment creation in the nine months leading up to September. Unemployment rates fell to 4.8 percent in September, and soon before that, global equity markets and Treasury yields began to rise. For the first time since June, the benchmark 10-year US Treasury yield was reported to have surpassed 1.6 percent. Along with the Dow Jones Industrial Average and the S&P 500, MSCI’s all-country global index increased 0.14 percent.
Insider Monkey takes a look at the 10 stock picks by hedge funds. Medtronic Plc is a healthcare firm that manufactures and distributes medical equipment. Device-based medical therapy, such as implantable cardiac pacemakers, are available from the company. It is ranked 10th on the list of hedge fund stock choices. Union Pacific Corporation is up 1.92 percent this year and 2.77 percent in the previous year. Revenue was $5.50 billion, up 29.69 percent year over year and $118.17 million higher than expected. The company is ranked 9th. The Proctor & Gamble Firm is a branded consumer packaged products company. North and Latin America, Europe, Asia Pacific, Greater China, India, the Middle East, and Africa are all areas where the corporation operates. Its revenue was $18.95 billion, up 7.05 percent year over year and $569.63 million higher than expected. Intel Corporation is a California-based information technology firm. The company develops cloud, smart, and connected device solutions for retail, industrial, and consumer applications. It is ranked 7th on the list of hedge fund stock choices. Morgan Stanley is a New York-based financial holding firm. It is ranked 6th on the list of hedge fund stock choices. Morgan Stanley reported an EPS of $1.89 in the second quarter of 2021, exceeding projections by $0.23. For more details, click 10 Stock Picks By Hedge Funds.
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