New York State Teachers’ Retirement System makes strategic stock moves

  • New York State Teachers’ Retirement System bought shares of Uber and Lululemon in Q4
  • NYSTRS also trimmed position in Honeywell and added to investment in Target
  • Uber stock rose 149% in 2023, outperforming the S&P 500
  • Lululemon joined the S&P 500 in October
  • Honeywell stock fell 6.5% in 2024
  • Target stock slipped 4% in 2023

One of the largest public pensions in the U.S., the New York State Teachers’ Retirement System (NYSTRS), made significant stock moves in the fourth quarter of 2023. NYSTRS bought shares of ride-hailing firm Uber Technologies and athleisure-apparel retailer Lululemon Athletica, while trimming its position in industrial conglomerate Honeywell and adding to its investment in retailer Target. Uber stock had an impressive performance in 2023, rising 149% and outperforming the S&P 500. Lululemon also joined the S&P 500 in October. However, Honeywell stock fell 6.5% in 2024, and Target stock slipped 4% in 2023.

Public Companies: Uber Technologies (UBER), Lululemon Athletica (LULU), Honeywell (HON), Target (TGT)
Private Companies:
Key People:

Track all markets on TradingView

Factuality Level: 7
Justification: The article provides information about the New York State Teachers’ Retirement System buying shares of Uber and Lululemon, as well as trimming positions in Honeywell and adding to an investment in Target. It also mentions the performance of these stocks and provides some background information. The article does not contain any obvious misleading information or sensationalism, but it lacks in-depth analysis and context. It mainly presents the facts without providing much insight or critical analysis.

Noise Level: 3
Justification: The article provides information about the New York State Teachers’ Retirement System’s stock trades, but it lacks analysis or insights. It mainly focuses on the performance of Uber, Lululemon, Honeywell, and Target stocks without providing any meaningful context or implications. The article also includes irrelevant information about the S&P 500 index and unrelated news about in-store thefts at Target. Overall, the article lacks depth and fails to provide actionable insights or intellectual rigor.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information about the New York State Teachers’ Retirement System buying shares of Uber Technologies and Lululemon Athletica, as well as trimming a position in Honeywell and adding to an investment in Target. These stock trades could impact the financial markets and the companies involved.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on stock trades made by the New York State Teachers’ Retirement System, indicating financial relevance. However, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com