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3 Reasons to Avoid ALNT and 1 Stock to Buy Instead

While the broader market has struggled with the S&P 500 down 5% since October 2024, Allient has surged ahead as its stock price has climbed by 19.5% to $21.01 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

Hedge funds venture back to markets to buy bank shares, says Goldman Sachs

LONDON (Reuters) -Hedge funds returned into markets last week to buy bank stocks having sold out of positions for eight straight weeks, a Goldman Sachs note shows. Financial firms including U.S. banks became the second-most net bought stock behind real estate this year, said the note released on Friday and seen by Reuters on Tuesday. Trading desks at JPMorgan Chase and Morgan Stanley brought in record revenue as markets boomed early in the year, while Wells Fargo earned more fees from clients quarterly presentations showed.