US software stocks to keep rebounding, says Goldman Sachs prime brokerage note

2 weeks ago 9

Nell Mackenzie

Thu, February 26, 2026 astatine 5:44 AM CST 1 min read

By Nell Mackenzie

LONDON, Feb 26 (Reuters) - Goldman Sachs (GS) premier brokerage said successful a ‌note that the caller bounce successful bundle ‌and IT services stocks whitethorn continue, adjacent though this week, hedge funds were arsenic abbreviated arsenic they person ever been connected the sector.

A abbreviated presumption expects an plus terms to fall.

The ‌S&P 500 bundle ⁠and services scale has tumbled implicit 18% this twelvemonth truthful far, ⁠shedding much than $1.2 trillion successful marketplace value, according to LSEG data. But this week, stocks in this index recovered and the scale roseate implicit ‌4%

* Goldman Sachs premier brokerage believes that the recentrecovery successful bundle stocks volition continue, it said successful a enactment toclients connected Wednesday, seen by ‌Reuters connected Thursday.

* Software and IT services were the top 2 shorted U.S.industries connected February 24th connected ‌Goldman Sach's premier brokeragetrading desk.

* Short positions have risen to the highest level connected recordfor Goldman, which began tracking positions in 2016.

* ‌Long positions, betting these stocks volition rise, stand ata grounds low.