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“This year, perhaps more than any in recent history, we needed the power of music to help us escape the news of the day,” announced Jamie Foxx during the cold open to the 2017 American music awards, before introducing Pink and Kelly Clarkson’s somber rendition of R.E.M.’s Everybody Hurts. “We needed that power to help us heal from hurricanes, wildfires, hate, and hatred-fueled violence.”
Apart from a smattering of promising performances, the 2017 AMAs felt like a missed opportunity: instead of highlighting the most interesting and compelling new sounds, styles and stars that have emerged throughout the course of they year, the show doubled down on an excessively safe and predictable slew of blue-eyed balladeering heartthrobs including Nick Jonas, Horan and Mendes, whose vision of pop feels less urgent than ever.
“Our Hedge Fund VIP list of the most popular long positions, whose top five stocks are Facebook, Amazon, Alibaba, Alphabet, and Microsoft, has outperformed the S&P 500 by 770 basis points year to date—25% versus 17%,” said Ben Snider, an equity strategist at Goldman Sachs, in his closely followed Hedge Fund Trend Monitor report.
The top 50 stocks listed in the table above are grouped together in Goldman Sachs’ VIP basket, which has outperformed the S&P 500 in 65% of quarters since 2001 and generates an average quarterly return of over 62 basis points, according to Snider.