Alphabet, Inc. (GOOGL) continues to ride the wave of market volatility, and the company narrowly outperformed the S&P 500 with a loss of almost 1.0% compared to the S&P’s loss of about 1.9% over the past year. Hedge funds sold as Alphabet continued to lose momentum, though the stock rose on the WhaleWisdom HeatMap to a rank of ten from twenty-four.
ServiceNow, Inc. (NOW) underperformed the S&P 500, seeing a loss of roughly 3.8% compared to the S&P 500’s loss of around 0.8% over the past year. Amidst market volatility, hedge funds actively sold ServiceNow’s shares, though the stock rose on the WhaleWisdom Heatmap to 14 from 16.
Netflix, Inc. (NFLX) underperformed the S&P 500 as it faced slower growth. Netflix’s shares dropped roughly 57.6% as of April 2022, compared to the S&P 500’s gain of around 3.3% over the past year. The market saw stocks drop overall as the Federal Reserve discussed raising interest rates to subdue inflation. Hedge funds were actively selling Netflix’s shares, and the stock slid on the WhaleWisdom Heatmap to a ranking of sixteen from eight.
Visa, Inc. (V) has experienced market volatility in 2022, though the company outperformed the S&P 500 and hedge funds were buying. Visa rose by approximately 6.5% compared to the S&P 500’s gain of about 4.1% over the past year. However, the stock slid on the WhaleWisdom HeatMap to nineteen from ten.
Mastercard, Inc. (MA) saw improved gains over the past month, outperforming the S&P500 and rising by approximately 22.6% compared to the S&P’s gain of about 4.0% over the past year. Hedge funds and institutions were both actively buying the stock in the fourth quarter, resulting in this technology company rising on the WhaleWisdom Heatmap to a rank of 25 from 37.