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☆ Two-year-old boy and baby among 7 killed as Russia hits Odesa apartment block
▼ + stars: | 2024-03-02 | by ( Maria Kostenko | Catherine Nicholls | ) edition.cnn.com time to read: +2 min

A two-year-old boy, who officials said was named Timofii, was discovered under rubble on a ground floor after the strike, Odesa City Municipality said on Telegram. He was killed the day before his third birthday, Oleh Kiper, the head of Odesa region military administration, said in a TV interview. Ukrainian President Volodymyr Zelensky said the attack showed the need to further strengthen the country’s air defense capacities. 18 apartments have been destroyed,” Ukrainian President Volodymyr Zelensky said Saturday. At least four have been declared killed after the drone strike hit a residential building in Odesa.

Persons: CNN —, Anna, Oleh Kiper, Andriy Kostin, Volodymyr Zelensky, Oleksandr Gimanov, ”, Zelensky, Joe Biden’s Organizations: CNN, Getty, Ukraine, Republican, Pentagon Locations: Russian, Ukrainian, Odesa, Odesa City, Ukraine, AFP, Russia

☆ Portfolio managers should own the 'shared favorite' stocks, says Goldman's David Kostin
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio managers should own the 'shared favorite' stocks, says Goldman's David KostinDavid Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss why some investors are looking beyond the magnificent sevens stocks, how mutual funds and hedge funds have rarely outperformed the S&P 500, and more.

Persons: Goldman's David Kostin David Kostin, Goldman Sachs

☆ Goldman's stock strategist says these 'shared favorites' among top investor types typically beat the S&P
▼ + stars: | 2024-02-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Goldman Sachs anticipates the S & P 500 will rise to 5,200 by the end of the year, the CNBC Market Strategist Survey showed. Instead, some better opportunities may lie in "shared favorites," according to David Kostin, chief U.S. equity strategist at Goldman Sachs. They've outperformed the S & P 500 a majority of the time, 63%, in the months since 2013. Other names Kostin considers shared favorites include Mastercard , Visa and Danaher . "Some of these shared favorites are … less highly valued and that's a perhaps more risk adjusted return opportunity set," Kostin said.

Persons: Goldman Sachs, That's, David Kostin, Kostin, CNBC's, They've, TD Cowen, Morgan Stanley, — CNBC's Michael Bloom Organizations: CNBC Market, Mutual Fund, KKR, Mastercard, Visa

☆ Goldman raises S&P 500 target to 5,200, cites strong earnings
▼ + stars: | 2024-02-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Goldman Sachs raised its S & P 500 year-end target to 5,200 in anticipation of stronger-than-expected earnings — especially in megacaps. "In contrast, the remaining 493 stocks in the S & P 500 grew sales by 3% year/year while margins contracted by 56 bp and earnings fell by 2%." On average, strategists are expecting the S & P 500 to end the year at 4,943 , according to a CNBC survey. About 80% of S & P 500 companies have reported earnings, with 76% of those names beating earnings expectations, FactSet data shows. The S & P 500 has performed well to start the year despite broader economic concerns.

Persons: Goldman Sachs, David Kostin, Kostin Organizations: Federal Reserve, CNBC Locations: megacaps, U.S

☆ These 3 names that are about to report quarterly results have strong earnings momentum
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

About 80% of S & P 500 constituents have already reported, with more than three-quarters of these names beating earnings estimates, according to FactSet. The 14 analysts covering the stock rate it either a buy or a strong buy, with their average price target of $613.86 implying about 12% upside ahead, per LSEG. Average earnings estimates on the power company have ticked up roughly 8% over the past three months, while shares have added about 12% in 2024. Seven of the 13 analysts covering the stock rate it a buy or a strong buy, but their average price target of $124.64 suggests downside of nearly 5%, per LSEG. Mizuho Securities is neutral on the stock, recently raising its price target to $132 from $116.

Persons: Goldman Sachs, David Kostin, Raymond James, Srini Pajjuri, Anthony Crowdell Organizations: CNBC, Nvidia, Constellation Energy, Mizuho Securities, Constellation Locations: Mizuho

☆ Goldman says these types of dividend stocks are the best to own in wake of big Meta payout news
▼ + stars: | 2024-02-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

For investors, that suggests opportunity in certain dividend stocks, Kostin wrote. Since late 2022, Goldman Sachs' Dividend Yield and Growth basket (GSTHDIVG), a 50-stock, equal-weighted basket of stocks with high trailing dividend yield and high anticipated dividend growth, has outperformed the equal-weighted S & P 500 by 3 percentage points. As of October, here are some of the stocks in the firm's dividend yield and growth basket. Verizon Communications Communication services stock Verizon Communications is a constituent in the dividend growth basket. Other stocks in Goldman's dividend growth basket include Best Buy , Conagra Brands and Devon Energy .

Persons: Goldman Sachs, David J, Meta, Kostin, That's, Greenlight Capital's David Einhorn, Morgan Stanley, Simon Flannery, — CNBC's Michael Bloom Organizations: Facebook, Bank of America, Federal Reserve, Verizon Communications Communication, Verizon Communications, Verizon, Conagra Brands, Devon Energy Locations: Viatris

☆ Goldman Sachs believes it's likely the 'Magnificent 7' beats the market again this year
▼ + stars: | 2024-02-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Given that most of the "Magnificent Seven" has surpassed consensus expectations, Goldman Sachs said the group of big technology companies could once again exceed the broader market's gains this year. So far, six of the Magnificent Seven — all but blockbuster chipmaker Nvidia — have reported fourth-quarter results. Each of the companies, with the exception of electric vehicle maker Tesla , exceeded consensus sales forecasts, and collectively posted 14% year-over-year quarterly sales growth, Kostin noted. Analysts also expect the Magnificent Seven to outperform in margin expansion over the next three years, compared with the rest of the market, he added. Shares of the Magnificent Seven raced ahead of the broader market last year.

Persons: Goldman Sachs, David Kostin, Kostin, Nvidia —, Goldman, Nvidia's Organizations: Nvidia, DoJ, FTC, Analysts, Tech, Apple, Microsoft

☆ Global investors are all in on the United States, says Goldman's David Kostin
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal investors are all in on the United States, says Goldman's David KostinDavid Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss what Kostin's hearing from global investors, whether the recent action in the Russell 2000 has changed the strategist's stance, and more.

Persons: Goldman's David Kostin David Kostin, Goldman Sachs, Russell Organizations: Email Global Locations: United States

☆ Goldman Sachs says now is the time to invest in these 38 consumer staples stocks, with the sector 90% cheaper than it's ever been and its tendency to rise when the Fed cuts rates
▼ + stars: | 2024-01-23 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Goldman Sachs says now is a great time to invest in consumer staples stocks. The sector is cheaper than it has been 90% of the time relative to the S&P 500. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight now looks like a great time to invest in the consumer staples sector of the stock market, according to Goldman Sachs. This story is available exclusively to Business Insider subscribers.

Persons: Goldman Sachs, —, David Kostin Organizations: Service, Business Locations: Invest

☆ Goldman says these stocks with increasing profitability will beat the market this year
▼ + stars: | 2024-01-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The firm rebalanced its return on equity growth basket of stocks, which is sector-neutral to the S & P 500. It contains 50 names with the highest consensus expected ROE growth over the next 12 months. Stocks with greatest expected ROE growth include gold mining company Newmont , wireless infrastructure real estate investment trust American Tower , chipmaker Advanced Micro Devices and toy manufacturer Hasbro , according to Goldman. The communications-focused REIT has the second-highest expected ROE growth — 48% — of the names on Goldman's list. In addition to these names, Netflix and T-Mobile are also among the names in Goldman's ROE growth basket.

Persons: Goldman Sachs, ROE, David Kostin, Kostin, Goldman, Newmont, REIT, Goldman's ROE Organizations: Federal Reserve, Devices, Hasbro, AMD, Nvidia, UBS, Netflix, Citigroup Locations: Newmont, Goldman's

☆ Russia's use of North Korean missiles in Ukraine could be a 'cash cow' for Kim Jong Un, expert says
▼ + stars: | 2024-01-19 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewRussia's use of North Korean ballistic missiles in Ukraine could boost missile sales for Kim Jong Un's government, a military analyst told The Wall Street Journal. Last week, South Korea's ambassador to the UN accused North Korea of using Ukraine as a "test site" for its nuclear-capable missiles. "This is the cash cow," Dalton said, adding that now "North Korea will be able to command a premium for these systems in ways it wasn't before." Fragments of what may be North Korean missiles used by Russia in an attack on Kharkiv, Ukraine, on January 6, 2024. "If Ukraine, for example, proves more successful in shooting down North Korean missiles compared to Russian ones, then we can assume that North Korean technology is not as advanced," he said.

Persons: —, Kim Jong, Joonkook Hwang, John Kirby, Toby Dalton, Dalton, Ramon Pacheco Pardo, Pardo, Bruce Bechtol, Bechtol, Yoo Sang, Andriy Kostin Organizations: Service, Wall Street, Business, UN, National Security, Nuclear, Carnegie Endowment, Getty, King's College London, Federation of American Scientists, Angelo State University in, country's Intelligence Service, CNN, Suspilne, Meduza Locations: Korean, Ukraine, South, Korea, Russia, North Korea, Kharkiv, Iran, Angelo State University in Texas, South Korea, Japan

☆ Goldman Sachs gives 3 investment strategies for an expensive stock market
▼ + stars: | 2024-01-16 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

In fact, the S & P 500 is currently at about the same valuation Goldman Sachs expected it to end 2024. Weak pricing power Another trade is owning businesses with weak pricing power. "During periods of improving profitability, investors often reduce the scarcity premium assigned to strong pricing power stocks, and firms with less pricing power and more variable profit margins typically outperform." Some companies with weak pricing power include Freshpet , according to a Goldman Sachs stock screen. Own consumer staples Meanwhile, consumer staples are at an attractive valuation compared to utilities.

Persons: Goldman Sachs, David Kostin, Kostin, Russell, what's, TD Cowen, Roblox, D.R, Consumer Staples, Tyson Organizations: CNBC, Survey, WisdomTree, Hertz Global Holdings, Consumer, Utilities, Tyson Foods, Pilgrim's Locations: Horton , Texas

☆ Russia's use of North Korean missiles in Ukraine will help the US figure out how effective they really are
▼ + stars: | 2024-01-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Russia fired North Korean missiles at Ukraine on December 30, January 2 and 4, per South Korea. AdvertisementRussia's use of North Korean missiles in Ukraine will help us figure out how effective they actually are on the battlefield, military analysts said. North Korea has been testing a wide range of ballistic and cruise missiles since 2017, launching 68 missiles in 2022, according to the North Korea Missile Test Tracker maintained by the James Martin Center for Nonproliferation Studies. "If Ukraine, for example, proves more successful in shooting down North Korean missiles compared to Russian ones, then we can assume that North Korean technology is not as advanced," he said. Ukraine has already started analyzing what it believes to be debris from a North Korean missile.

Persons: —, Joonkook Hwang, John Kirby, Ramon Pacheco Pardo, Pardo, James Martin, David Albright, Fabian Hinz, Andriy Kostin Organizations: North Korean, Service, Korean, UN, National Security, Center for Strategic, International Studies, North Korea Missile, James, James Martin Center, Nonproliferation Studies, for Science, International Security, International Institute for Strategic Studies, Newsweek, Suspilne, Meduza Locations: Russia, Ukraine, South Korea, Korea, North Korea, Japan, Washington, Korean, Ukrainian, Kharkiv

(PRO subscribers can view the official 2024 strategist survey here . ) "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," Kostin wrote. Other Wall Street firms with similarly bullish forecasts include Citigroup and BMO Capital Markets, which each have S & P 500 price targets of 5,100. Barclays' Venu Krishna was even more bearish, anticipating the S & P 500 would fall to 3,725. Entering the penultimate trading week of the year, the S & P 500 is almost 23% higher in 2023, while the Nasdaq Composite has advanced almost 42%.

Persons: —, Stocks, Sam Stovall, Monday, Stovall, Goldman Sachs, David Kostin, Kostin, John Stoltzfus, Stoltzfus, America's Savita Subramanian, JPMorgan's, Bujas, Morgan Stanley, BofA's Subramanian —, Venu Krishna, Oppenheimer's John Stoltzfus, Dow Industrials Organizations: CNBC, Federal Reserve, Dow Jones, CFRA Research, Goldman, Oppenheimer Asset Management, Citigroup, BMO Capital Markets, Bank, America's, Nvidia, Microsoft, Barclays, Nasdaq Locations: Friday's

☆ Goldman already raised its 2024 forecast because of market surge — now sees S&P 500 going to 5,100
▼ + stars: | 2023-12-18 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

Goldman Sachs is already raising its 2024 stock market forecast, and the new year isn't even here yet. The S & P 500 rallied 5% in the past month to already meet Kostin's original 2024 forecast of 4,700 for the new year that he gave back in November . "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," wrote Kostin in a note Friday. The 10-year Treasury yield, which scared equity investors by rising above 5% back in October, has tumbled to 3.9%. According to Goldman, the typical member of this basket will return four times as much as the median S & P 500 member but with the same level of volatility.

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Fed, Federal Reserve, Treasury

☆ UBS sees big market swings and only slight gains for stocks in 2024
▼ + stars: | 2023-12-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

UBS is out with its 2024 outlook, and it expects some wild swings for markets next year. The Wall Street firm on Monday said it sees the S & P 500 ending next year at 4,850, roughly 5% above Monday's close of 4,622.44. Stocks have been on a tear recently, with the S & P 500 riding a six-week winning streak. "The large spread between current strength and expected weakness presents a dilemma for investors," Golub wrote Monday. Goldman Sachs' David Kostin said he anticipates the S & P 500 will end next year at 4,700 , just a stone's throw from where the broader index is currently trading.

Persons: Jonathan Golub, Stocks, Golub, Goldman Sachs, David Kostin, America's Savita Subramanian, — CNBC's Michael Bloom Organizations: UBS, UBS Investment Bank, Bank, America's

☆ Goldman Sachs analyzed 1,216 hedge and mutual funds with a combined $5.2 trillion in holdings. Here are the 10 stocks they're both buying.
▼ + stars: | 2023-12-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: 1 min

Hedge funds and mutual funds have both increased their equity exposure, says David Kostin. This sent the S&P 500 to its highest peak of the year, now up 19.50% since January. These 10 stocks are the top picks among both hedge funds and mutual funds. Hedge funds and mutual funds have increased their position sizes in the equity markets this year. Hedge funds particularly have had a great stock-picking run; long positions from Goldman Sachs' Hedge Fund Very Important Position basket (GSTHHVIP), which includes the 50 most popular stocks within the top 10 holdings of fundamental hedge funds, has seen a 34% gain year-to-date, according to a December 1 note from Goldman Sachs Chief US Equity Strategist David Kostin and his team.

Persons: David Kostin, Goldman Sachs, Goldman Organizations: Business Locations: Goldman Sachs

☆ Stock market has 'modest upside' in 2024, says Goldman's David Kostin
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market has 'modest upside' in 2024, says Goldman's David KostinDavid Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss Kostin's way of thinking about equity markets, if there will be revenue growth in a falling inflation environment, and much more.

Persons: Goldman's David Kostin David Kostin, Goldman Sachs Organizations: Email

☆ Deutsche Bank sees S&P 500 gaining more than 11% and reaching a record next year
▼ + stars: | 2023-11-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Deutsche Bank expects the S & P 500 could climb more than 11% to a record next year — and said its base case seems "conservative." The investment bank set its 2024 year-end S & P 500 target at 5,100, or more than 11% above where the broader index closed Friday at 4,559.34. In its bull case, Deutsche Bank expects the S & P 500 could even climb to 5,500, or more than 20% above where the benchmark closed last. "We note that the S & P 500 has been in a clear trend up channel since the [Great Financial Crisis]. Goldman Sachs' David Kostin expects the S & P 500 will chop around and finally end next year at 4,700 .

Persons: —, Jim Reid, Reid, America's Savita Subramanian, Lori Calvasina, Goldman Sachs, David Kostin Organizations: Deutsche Bank, Bank, America's Locations: London, financials

☆ Goldman Sachs: These are the 50 highest-quality stocks to buy heading into the new year
▼ + stars: | 2023-11-26 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

With their well-entrenched businesses, high sales growth, and strong balance sheets he believes they will continue to outperform next year. Thankfully, Kostin wrote that "equity valuations appear less stretched in absolute and relative terms after adjusting for record high market concentration." "In a recession, we expect the S&P 500 would end 2024 at 3700 (-18%)," Kostin wrote. First, Kostin wrote investors should "own growth stocks with high returns on capital that typically outperform given stable economic growth and interest rates." To that end, Kostin shared Goldman Sachs' basket of 50 stocks the analysts there believe are the highest quality on the market.

Persons: Goldman Sachs, David Kostin, Kostin isn't, Kostin, Altman Organizations: Business

☆ The S&P 500 will trade near its all-time high before a recession drags it down again in a topsy-turvy 2024, Société Générale says
▼ + stars: | 2023-11-23 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The S&P 500 will climb higher in the first quarter but then plunge 12%, the French bank said. AdvertisementGet ready for an up-and-down 2024 where the S&P 500 nears record highs, plunges, and then stages another comeback, Société Générale says. "The S&P 500 should be in 'buy-the-dip' territory, as leading indicators for profits continue to improve." The S&P 500 traded at 4,556 as of Wednesday's closing bell. Goldman Sachs' David Kostin said earlier this month that he's expecting the S&P 500 to trade at 4,700 points by the end of 2024.

Persons: Société, —, Société Générale, SocGen, Manish Kabra, It's, Kabra, who's, Goldman Sachs, David Kostin, he's Organizations: Service, Federal Reserve, Big Tech, Wall, Bank of America, RBC Capital Markets

☆ This is Goldman's No. 1 stock strategy going into what the firm expects to be a meager year
▼ + stars: | 2023-11-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors should stick with quality stocks against a lackluster macroeconomic growth outlook, according to Goldman Sachs. "Despite our economists' optimistic US economic growth outlook, it seems likely that investor economic uncertainty will generally remain elevated next year," Kostin said. Here's a look at some of the quality stocks that made the Goldman list. SHW YTD mountain Sherwin-Williams stock. Kostin noted that growth stocks "typically outperform given stable economic growth and interest rates," while cyclicals "represent attractive tactical investments if economic data surprise to the upside relative to consensus expectations."

Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Sam Altman, Altman, Sherwin, Williams, Michael Bloom Organizations: Federal, Microsoft, BMO Capital Locations: U.S

☆ Goldman Sachs expects below-average returns for the next 2 years. It shares 3 strategies to beat the market and 23 stock picks across them.
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

These are some of the forecasts for 2024 from Goldman Sachs chief US equity strategist David Kostin and his team. But that doesn't mean it's time to expect a full-on bull market or rapid economic growth anytime soon. So, to leave room for alternative outcomes, Kostin envisioned an even more optimistic scenario that would see rate cuts and stronger economic growth. The second strategy is to not shy away from growth stocks, but rather, be discerning. Yet, their forecasted sales growth is below their 2023 numbers.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman isn't, Sherwin, Williams, Stocks, Eli Lilly, Russell, John Organizations: Federal, Treasury, Bloomberg, Business, O'Reilly Automotive, Dwight, Marathon Petroleum, Intercontinental Exchange, Truist Financial, Rollins Inc, Power Systems, Water, Enphase Energy, Co, NVIDIA, EQT Corp, Toro Company, John Bean Technologies Corporation, Delta Air Lines, DAL, Alaska Air Group Locations: Goldman's, ORLY, Albemarle, ALB

☆ Goldman sees S&P 500 rising to 4700 by year-end 2024
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

David Kostin, Chief US Equity Strategist for Goldman Sachs, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2022. REUTERS/Brendan McDermid/file photo Acquire Licensing RightsNov 15 (Reuters) - Goldman Sachs investment strategists said on Wednesday that they now expect the S&P 500 to end 2024 at 4700, implying a roughly 6% gain including dividends. The estimate, from a research note led by chief equity strategist David Kostin, is based on modest economic expansion, an increase in earnings of 5% and a valuation multiple of 18. The target assumes a roughly flat market during the first half of the year with returns concentrated in the second half, after the Federal Reserve starts cutting interest rates and the U.S. election overhang ends. Reporting By Sinéad CarewOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kostin, Goldman Sachs, Brendan McDermid, Sinéad Carew Organizations: US Equity, CNBC, New York Stock Exchange, REUTERS, Federal Reserve, Thomson Locations: New York City, U.S

☆ Goldman Sachs is out with its official 2024 outlook. Here's where it sees stocks going
▼ + stars: | 2023-11-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Goldman Sachs just came out with its official 2024 outlook — and has a message penned by Taylor Swift for investors. The strategist penned his 2024 outlook after Swift's "All You Had To Do Was Stay" — a song from the singer-songwriter's "1989" album. As homage to the global icon, our 2024 US Equity Outlook is subtitled 'All You Had To Do Was Stay' – invested," Kostin wrote. The strategist expects rate cuts in the fourth quarter of next year. He recommended three strategies for equity investors: buy quality stocks, own growth names with a high return on invested capital (ROIC), and invest in beaten-down cyclicals.

Persons: Goldman Sachs, Taylor Swift, David Kostin, Kostin, Taylor Swift's Organizations: Kostin, Federal Reserve, 2Q Locations: U.S

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