Stocks to buy & stocks to short: Goldman Sachs strategy

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

GOLDMAN SACHS: Here are 18 stocks to buy and 7 to short for maximum market upside as recession fears fade.

Goldman Sachs says it's becoming more likely that the US will avoid a recession in 2023. It says stock dispersion is rising, and named the stocks most likely to break out in a flat market.

Goldman has actually been getting more bullish on the US economy recently. The firm wrote that there's now only a 25% chance of a recession, and it raised its year-end target for the benchmark S&P 500 index to 4,000 from 3,600. That only means it's now calling for a flat year instead of a loss, but it's still an improvement.

Kostin said there a lot of growth stocks in the consumer discretionary and tech sectors that are poised to outperform, or underperform, market benchmarks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro Tip - Short GoldmanSachs and any other CentralBank on a 2008 Style Crash. 🖕🏾😂🖕🏾 Bitcoin Fix This Printed Toilet Papers Mayhem . Not Financial Advice, Tip For Life.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs says buy Palo Alto Networks as the cybersecurity company diversifies its businessGoldman's price target implies the stock could gain 23.3% over the next 12 months.
Source: CNBC - 🏆 12. / 72 Read more »