This Goldman portfolio of stocks with strong profitability beat the market last year. Here's what's in it

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What's in a Goldman portfolio of stocks with strong profitability that beat the market last year

Few stocks — or industries — outperformed the market against 2022's tough macroeconomic backdrop, but one portfolio from Goldman Sachs crushed it and may have further room to shine in 2023. Last year marked the roughest year for stocks since 2008 , with the tech-heavy Nasdaq Composite and S & P 500 tumbling 33.1% and more than 19%, respectively.

Late last year, the Federal Trade Commission moved to block Microsoft's attempt to take over Activision Blizzard, claiming that it would violate U.S. law. The tech giant first announced the $68.7 billion all-cash deal in January . Energy stock Halliburton went on a tear in 2022, soaring more than 72% in an environment defined by volatile oil prices. Looking ahead, Halliburton's expected to grow ROE by 12%. Shares have already risen 8.4% in 2023.

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