Here’s Why ClearBridge All Cap Growth Strategy Sold Wolfspeed (WOLF)

ClearBridge Investments, an investment management company, released its “ClearBridge All Cap Growth Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the U.S. equities market experienced a brief decline due to disappointing employment statistics, causing an increase in volatility. Stocks surged after the Federal Reserve dropped interest rates by 50 basis points, resulting in wide gains for the period. The strategy performed in line with the benchmark in a value-driven market, with increased participation from positions in...