NEW YORK--(BUSINESS WIRE)--Sep 1, 2026--
E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, which indicates whether clients were net buyers or sellers in each of the 11 core stock market sectors defined by the Global Industry Classification Standard (GICS). These figures, which encompass activity in all US-traded stocks (including OTC) and ADRs, reflect purchases and sales of the individual stocks in each sector, as well as dividend investments and options exercises and assignments.
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E*TRADE from Morgan Stanley clients were net buyers in five of 11 sectors in August. The three sectors with the most net-buying activity were Utilities (+11.43%), Consumer Staples (+8.10%), Real Estate (+7.23%). The sectors with the most net-selling activity were Energy (-5%), Materials (-4.67%), and Financials (-4.02%).
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E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study
PONTE VEDRA BEACH, Fla. (AP) — Jackson Koivun was added to the U.S. team for the Presidents Cup on Tuesday just three months after leaving Auburn, one of two newcomers to an American team that hasn't lost in 28 years.
Koivun, who won the 3M Open in his third start as a professional and qualified for the PGA Tour postseason in just five tournaments, is the first player since Jordan Spieth in 2013 to start a year without a tour card and play in the Presidents Cup.
“I'm happy took a chance on me. I'm going to give it my all,” Koivun said.
U.S. captain Brandt Snedeker also took Presidents Cup newcomer Jacob Bridgeman, who won at Riviera this year. Snedeker passed over Ryan Gerard, the No. 22 player in the world who contended at the Tour Championship and finished third.
Snedeker said he and his assistants took a hard look at everyone in the mix before settling on Koivun, a 21-year-old who had such a sterling amateur career that he could have joined the tour through the PGA Tour University ranking system after his sophomore year.
“These decisions are always tough,” Snedeker said. “It comes down to your gut instincts on some of these things. You can look at stats all you want, past performances all you want, but you have to have a feeling. For some reason, I just had a gut feeling. We'll see how that turns out.
“But I have full confidence he's ready for the challenge.”
The six Americans who qualified on points were Scottie Scheffler, Cameron Young, U.S. Open champion Wyndham Clark, Sam Burns, Collin Morikawa and Russell Henley. Snedeker's other picks were not surprising — Patrick Cantlay, Xander Schauffele, Justin Thomas and Chris Gotterup, who has won three times this year.
International captain Geoff Ogilvy picked a pair of Canadians in Corey Conners and Nick Taylor. He also took Ryo Hisatsune, who turns 23 next week. It will be the first time since 1998 the International team has two Japanese players, with Hideki Matsuyama already earning one of the six automatic spots.
The Presidents Cup is Sept. 24-27 at Medinah, which has been entirely renovated by Ogilvy's Australia-based golf course design company.
Ogilvy didn't have the same depth from which to choose, and two of his options are South Africans who are European tour members — Casey Jarvis and Jayden Schaper, both of whom did their best work early in the season.
He went with Christiaan Bezuidenhout of South Africa, who has a 3-1-1 record in his two previous appearances; Cognizant Classic winner Nico Echavarria of Colombia; and Sungjae Im, a staple on the International team since his iron play wowed the International team at Royal Melbourne in 2019.
They join automatic qualifiers Si Woo Kim and Tom Kim of South Korea, Min Woo Lee of Australia and British Open champion Ryan Fox.
See AP’s full golf coverage here
Jacob Bridgeman putts on the second hole during the first round of the Tour Championship golf tournament, Thursday, Aug. 27, 2026, in Atlanta. (AP Photo/Colin Hubbard)
Ryo Hisatsune, of Japan, hits from the fifth tee during the third round of the BMW Championship golf tournament Saturday, Aug. 22, 2026, in St. Louis. (AP Photo/Jeff Roberson)
