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☆ These 23 companies can benefit most as raises become rarer, Goldman Sachs says
▼ + stars: | 2024-09-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Goldman SachsWage growth is down from 6% in August 2022 to 3.9%, according to Goldman Sachs. Still, Goldman Sachs thinks the US unemployment rate will drift down to 4% in 2025, which would be a healthy figure. An influx of immigrants may have affected this trend, Goldman Sachs economists say. Goldman SachsLabor costs rose 7% in 2023 for S&P 500 companies and 5% for firms in the Russell 2000, Goldman found. Goldman Sachs shared a sector-neutral list of 50 stocks in the S&P 500 that have high labor costs, which should disproportionately benefit as wage inflation slows as raises become rarer.

Persons: —, Goldman Sachs, David Kostin, Kostin, Russell, Goldman Organizations: Service, Federal, Business, Goldman, Chief US, Goldman Sachs Labor, Companies Locations: Goldman Sachs

☆ Goldman Sachs sees S&P 500 at 6,000 in 12 months, gives basket to play lower rates
▼ + stars: | 2024-09-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank sees the S & P 500 rising about 6% to 6,000 in the next 12 months from Friday's close of 5,626.02. "Resilient economic growth should lead to modestly higher bond yields while continued earnings growth drives modestly higher equity prices," David Kostin, Goldman's head of U.S. equity, said in a note to clients on Friday. Wall Street is counting on lower corporate and consumer borrowing costs to boost earnings growth and stock prices. With multiples flat, EPS growth will lead the S & P 500 modestly higher." Goldman believes stocks with a "long duration" could outperform in a falling interest rate environment.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Russell, Goldman's Organizations: Federal Reserve, Electric, Rivian Automotive, Lucid, Costco Wholesale Locations: U.S, Friday's

☆ 45 unfairly punished stocks primed for a revival: Goldman Sachs
▼ + stars: | 2024-08-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

During the sell-off, strategists at Goldman Sachs recommended buying the dip in US stocks, albeit carefully, as they reiterated their year-end S&P 500 price target of 5,600. Economically sensitive stocks have lagged defensives by at least 5 percentage points in a single week 12 times since 2000, according to Goldman Sachs. "Despite the weak jobs report, our economists believe continued economic expansion is far more likely than recession," Kostin wrote. Goldman Sachs found that those micro factors explained 86% of stock returns in the first half of 2024, versus the long-term average of 57%. Fewer worries about the near-term economic outlook mean stocks will no longer trade in lockstep — a win for active investors.

Persons: —, Goldman Sachs, David Kostin, Kostin, abate, lockstep — Organizations: Service, Goldman, Business, Institute of Supply, Walmart Locations: Japan, lockstep, Monday's

☆ Goldman says buy these cheap stocks with healthy fundamentals during this sell-off
▼ + stars: | 2024-08-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

"If economic fears continue to fade and the market becomes more micro-driven in coming months, then the recent sell-off represents an attractive opportunity to buy stocks with healthy fundamentals at valuation discounts," wrote Goldman chief U.S. equity strategist David Kostin and team in a note to clients Friday. Goldman screened for stocks that have seen their earnings estimates ratchet up since the start of the third quarter, but posted weak relative returns during the last week. Goldman noted that cyclical stocks underperformed defensive names last week, showing that "macro" is driving equity returns. Once investors' focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. "If the data confirm our economists' optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas."

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Goldman, Micron, Systems

☆ The S&P 500 falling 5% has historically been a good buy-the-dip opportunity, Goldman says
▼ + stars: | 2024-08-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Goldman Sachs said the decline in the S&P 500 is historically a good buying opportunity for investors. AdvertisementThe S&P 500's 6% decline over the past three days represents a great buying opportunity for investors, according to a note from Goldman Sachs strategist David Kostin. However, despite the decline, the S&P 500 is still up nearly 10% year-to-date and the sell-off sparked a reset in valuations, with the index's forward price-to-earnings multiple falling to 20x. Advertisement"Historical experience shows that investors typically profit when buying the S&P 500 index following a 5% sell-off," Kostin said. The crux of whether a 10% correction in the S&P 500 represents a solid buying opportunity for investors is whether the economy is on the verge of a recession.

Persons: Goldman Sachs, —, David Kostin, Warren Buffett, Kostin, Goldman Organizations: Apple, Service

☆ Investors are about to find out if the mega-cap tech rally is over
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Mega-cap tech stocks have a lot to prove with upcoming second-quarter earnings results. The long-term outperformance of mega-cap tech relative to small-cap stocks is being tested by slowing revenue growth. AdvertisementThe mega-cap tech rally hit a wall in recent weeks as investors turned their attention to small-cap stocks in a historic way. That's in stark contrast to the dominance of mega-cap tech stocks relative to small-cap stocks over the past one-, three-, five-, and ten-years. Investors will get their first taste of mega-cap tech earnings on Tuesday, with Tesla and Alphabet set to release their second-quarter results after the market close.

Persons: Goldman Sachs, —, Russell, David Kostin, Kostin, That's Organizations: Service, Vanguard, Growth, Tech, Investors, Microsoft, Apple, Amazon, Nvidia, Big Tech, Trump

☆ Goldman's top stock strategist explains why small caps are rallying so much
▼ + stars: | 2024-07-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The small-cap benchmark Russell 2000 jumped 2% on Tuesday, heading for its fifth straight winning day. Small-cap companies are especially sensitive to rate policy, as their financing costs rise when interest rates are high. Falling rates could be a boon for these names, said Kostin, Goldman's chief equity strategist, on CNBC's " Squawk on the Street ." In that period, the Russell 2000 Index has added more than 11%, compared with the S & P 500 's 4% advance. In 2024, the S & P 500 has surged more than 18%, while the Russell 2000 has added 10%.

Persons: Goldman Sachs, David Kostin, Jerome Powell, Russell Organizations: Russell, Federal

☆ Goldman says this investment is seen as a potential Trump trade and it's jumping Monday
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Russell 2000 gained 6% last week, its best week of the year, and looks poised to rally further on Monday. A cool consumer price index report last week was seen as a major catalyst for small caps, as it suggested interest rates could go lower. "Many investors view small caps as a potential 'Trump trade,' but the path for small cap outperformance is a narrow one," the note said. Kostin said that small caps outperformed after Trump's 2016 election, but that was when interest rates were much lower. The Goldman note was published before the attempted assassination of Trump on Saturday.

Persons: Donald Trump, Goldman Sachs, Russell, David Kostin, Joe Biden, PredictIt, Kostin, Trump, Goldman Organizations: Republican, Trump

☆ Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm's exact forecasts.
▼ + stars: | 2024-07-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.

Persons: —, Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish

☆ 14 stocks to buy for at least 25% earnings growth in 2025 while the stunning market rally stalls, according to Goldman Sachs
▼ + stars: | 2024-07-09 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The most bullish year-end target for the S&P 500 was 5,100, which represented solid upside of about 7% from where it ended the year. Those predictions look paltry in hindsight, as the S&P 500 finished the first half of the year up 14.5% at 5,460. Bulls are getting bolder, but risks remainIn response, several major firms have boosted their year-end S&P 500 targets in recent months. AdvertisementGoldman Sachs recently shared earnings growth projections for the 100 biggest stocks in the S&P 500, both for this year and next. Below are those 14 large-cap stocks expected to grow earnings by at least 25% next year, along with each one's ticker, market capitalization, and 2024 and 2025 earnings growth estimates.

Persons: —, Goldman Sachs, Morgan Stanley, Oppenheimer's John Stoltzfus, David Kostin, Kostin Organizations: Service, Business, Bulls, BMO Capital Markets, Deutsche Bank, Apple, Meta, Microsoft, Nvidia —

☆ Goldman Sachs: 89 stocks expected to be winners as they build out AI infrastructure
▼ + stars: | 2024-07-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Stocks within the adoption frameworkWhile there could be a few angles one might use to determine where a company fits within AI's development, Goldman Sachs created their version of AI's adoption phases. Additional early winners of AI were mega-cap technology names that had steep earnings growth and attracted a lot of investors. Throughout 2023, there was a 53% gap in annual earnings growth between the top five AI names and the rest of the S&P 500. But as we enter 2025, Goldman estimates that the earnings growth between the big five and the rest of the market will tighten. The graph below demonstrates Goldman's forecast of a slowdown in earnings growth from the concentrated names and a modest pickup for the broader market.

Persons: —, It's, Goldman Sachs, David Kostin, Goldman Organizations: Service, Business, Chief US, Nvidia, Microsoft, Goldman Sachs Global Investment Research, Management

☆ 34 stocks ready to outperform if Donald Trump retakes the White House and implements an 'America First' policy, according to Goldman Sachs
▼ + stars: | 2024-06-25 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Even though the S&P 500 has risen under Trump and Biden, the candidates' policy differences will likely have a significant impact on which stocks outperform, according to Goldman Sachs. 34 US-focused stocks to ownTrump's so-called "America First" agenda appears to be a tailwind for companies that generate most or all of their sales in the US, according to Goldman Sachs. Kostin and his colleagues recently highlighted their domestic sales basket, which comprises 50 stocks in the S&P 500 with that description. Within that group, there are 34 companies that Goldman Sachs said generated 0% of their revenue from outside the US in the last year. Below are 34 stocks that are set to outperform if Trump wins and implements tariffs, along with each stock's ticker, market capitalization, sector, and revenue from the previous 12 months.

Persons: —, Joe Biden, Donald Trump, Goldman Sachs, David Kostin, Trump, Kostin, it's Organizations: Service, Republicans, Democratic, Business, White, Biden, Trump, Goldman Locations: China

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Here's why Goldman raised S&P 500 year-end forecast
▼ + stars: | 2024-06-18 | 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 EmailHere's why Goldman raised S&P 500 year-end forecastDavid Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss why the strategist moved his estimates, why his bull case for the S&P is $6300, and much more.

Persons: Goldman, David Kostin, Goldman Sachs Organizations: & $

☆ Stock market today: Indexes dip as traders take a breather after record-setting week
▼ + stars: | 2024-06-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

AdvertisementUS stocks edged lower Monday morning as traders took a moment to catch their breath after stocks set a series of records last week. The S&P 500 and the Nasdaq set four straight record highs last week and closed higher for the seventh week of the last eight. Goldman Sachs strategist David Kostin boosted his year-end S&P 500 price target to 5,600, representing potential upside of about 3% from current levels. Kostin had previously had a 5,200 year-end price target for the S&P 500. AdvertisementMeawnwhile, Evercore ISI boosted its S&P 500 year-end price target to a street-high 6,000.

Persons: Neel Kashkari nodded, —, Goldman Sachs, David Kostin, Kostin, Neel Kashkari, Kashkari Organizations: Traders, Wall Street, Service, Nasdaq, Wall, ISI, Federal, CBS

☆ Goldman raises S&P 500 year-end forecast, citing strong earnings growth
▼ + stars: | 2024-06-17 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees upside for the S & P 500 for the rest of this year as corporate earnings strengthen. Chief U.S. Equity Strategist David Kostin hiked his year-end S & P 500 price target by 400 points, or about 7.7%, to 5,600. .SPX YTD mountain S & P 500 index in 2024. That's 11.6% off where the S & P 500 wrapped up last week. The S & P 500 has climbed nearly 14% since the start of 2024.

Persons: Goldman Sachs, David Kostin, Godman, Kostin, Goldman Organizations: Chief U.S, Equity, Microsoft, Nvidia, Wall, CNBC

☆ Stock splits are back in fashion. Here's why, and which companies could be next
▼ + stars: | 2024-06-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Stock splits, long out of favor, are making a comeback. Notable stock splits in 2024(when distributed)Walmart 3-1 2/23/24Cooper Companies 4-1 2/16/24Texas Pacific Land 3-1 3/27/24Old Dominion Freight Line 2-1 3/27/24Nvidia 10-1 6/7/24Amphenol 2-1 6/11/24Chipotle Mexican Grill 50-1 6/25/24Broadcom 10-1 7/12/24Williams-Sonoma 2-1 7/8/24Cintas 4-1 9/11/24Sony Group 5-1 10/8/24Lam Research 10-1 10/3/24Why the comeback in stock splits? Stock splits are far less common now than 20 or 30 years ago. During the tech and internet bubble of the late 1990s, stock splits were common. By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.

Persons: Williams, David Kostin, Goldman Sachs, Russell, Chipotle Organizations: New York Stock Exchange, Stock, Walmart, Sonoma, Broadcom, Cooper, Pacific, Dominion Freight, Sony, Institutional, Nvidia, Risk, Financial Management, Lam Research, Booking Holdings, Costco, Micro, Spotify Locations: Williams, Sonoma

☆ Goldman Sachs downplays the Nvidia stock split hype, sees little impact
▼ + stars: | 2024-06-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For investors hoping Nvidia 's stock split could translate into a sustainable rally, Goldman Sachs cautioned that the benefits from such an event are usually minimal. Last month, Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report. A stock split doesn't change a company's underlying fundamentals or the intrinsic value of its shares. Goldman said companies saw only a 0.2 percentage point increase in retail share of trading activity following stock splits on average. Notably, Nvidia's 2021 stock split led to a 7 percentage point increase in the average share of retail trading.

Persons: Goldman Sachs, Goldman, David Kostin Organizations: Nvidia, Russell, Amazon

☆ Two major investor groups with $6 trillion at work agree these are good stocks, according to Goldman analysis
▼ + stars: | 2024-06-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Hundreds of mutual funds and hedge funds overlap in their investments, creating some shared favorites between the two different investment vehicles, according to Goldman Sachs. This basket of stocks—which includes Danaher , Mastercard , Vertiv and Uber —are constituents of both Goldman's Hedge Fund VIP and Mutual Fund Overweight baskets. "Hedge funds and mutual funds have boosted exposures to equities this year, with hedge fund net leverage rising near its highest level over the past year and mutual fund cash balances dropping to record lows. Visa shares are up about 4.6% for the year, lifted by stronger-than-expected earnings in the fiscal second quarter. Both stocks have had a tough quarter, however, with Visa falling 2.4% since the end of March, while Mastercard shares have lost 7.6%.

Persons: Goldman Sachs, Vertiv, Uber, David Kostin, Kostin, Goldman, Alexander Blostein Organizations: Mastercard, VIP, Mutual Fund, FactSet, KKR, Visa, Tuesday's Locations: FRE

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ The stock market has peaked and will trade flat for the rest of 2024, Goldman equity chief says
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Goldman Sachs chief US equity strategist David Kostin says the S&P 500 could trade flat for the rest of the year. He told Bloomberg TV that the index has already reached Goldman's year-end target of 5,200. AdvertisementThe stock market rally has run its course for 2024, as the S&P 500 now stands above Goldman Sachs' year-end prediction, the firm's chief US equity strategist David Kostin said. The S&P 500 surpassed Goldman's year-end target of 5,200 earlier this month. Still, the Goldman stock chief isn't giving up entirely on the possibility of a bullish turnaround.

Persons: Goldman Sachs, David Kostin, —, Kostin, Goldman Organizations: Bloomberg, Service, Bloomberg TV, Goldman, Federal, UBS

☆ Markets aren't prepared for the price swings that could follow a too-close-to-call election, Goldman says
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market hasn't been pricing in sizable volatility risk with the 2024 Presidential election only months away, Goldman says. That uncertainty could stir up price swings that investors aren't currently prepared for, according to the firm. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe upcoming Presidential election poses a big risk for the stock market if the winner is not decisive and the results are drawn out, according to Goldman Sachs. It's not a matter of who wins the election that matters, but rather when they win the election that matters most, Goldman Sachs said.

Persons: Goldman, doesn't, aren't, —, Goldman Sachs, Joe Biden, Donald Trump, Biden, David Kostin, it's, It's Organizations: Service, Trump, Wall Locations: Arizona , Michigan, Pennsylvania

☆ 3 of Wall Street's biggest banks share what's next for markets after the largest earnings surprise in years — and 25 top stocks to invest in for stable, long-term profit growth
▼ + stars: | 2024-05-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Large technology stocks have continued to be a key driver of earnings growth. Those calls are based on the firms' expectation that the economy will continue to grow despite uncomfortably high interest rates. Bullish firms concur that elevated interest rates are a serious concern for investors. "Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continue and also expand to include stocks with stable growth," Kostin wrote. Along with each is its ticker, market capitalization, sector, 2024 expected earnings growth rate, and 10-year EBITDA growth variability rate, according to Goldman Sachs.

Persons: Morgan Stanley, That's, Jonathan Golub, David Lefkowitz, Stocks, they've, Mike Wilson, Morgan, 19.3x, Goldman Sachs, David Kostin, Wilson, Kostin, Russell Organizations: UBS, Business, UBS Beats, UBS Global Wealth Management, Companies, Federal Reserve

☆ Goldman names 'stable growers' to buy as higher rates put brakes on 2024 rally
▼ + stars: | 2024-04-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Stocks with stable growth typically perform best alongside decelerating economic growth." In this economic climate, Goldman is advising clients to buy stocks offering stable growth. The Wall Street bank screened Russell 1000 stocks for those with the most stable growth in earnings before taxes, depreciation and amortization on a quarterly basis over the past 10 years. "Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continue and also expand to include stocks with stable growth," Goldman said. Industrial companies such as Waste Management and Fastenal also made the list, as well as consumer discretionary names Domino's Pizza and AutoZone .

Persons: Goldman Sachs, David Kostin, Goldman, Fastenal Organizations: Federal Reserve, Russell, PepsiCo, Colgate, Palmolive, Waste Management

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