Balance sheets "look healthy," cash flow generation is "attractive," and dividends and buybacks are set to be resilient, Goldman Sachs says.
But not all stocks offering buybacks and dividends are equal, Goldman said.
"For example, year-to-date, high buyback yield stocks have outperformed low buyback stocks.
In contrast, high dividend yield stocks underperformed low dividend yield stocks," it said.
It highlighted its baskets of buyback stocks for a diversified strategy.
Persons:
Goldman Sachs, Goldman, CNBC's Michael Bloom
Locations:
Europe