News Formal

Goldman says sell-off is a buying opportunity for these stocks with healthy balance sheets

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The Wall Street investment bank recommends those underperforming cyclical stocks that offer strong fundamentals.

The recent sharp drawdown in stocks presents a buying opportunity for those stocks that are positioned to withstand a double whammy of higher interest rates and an economic slowdown, according to Goldman Sachs. "Although we expect headwinds to discount rates and balance sheets to persist, we would view a substantial further downgrade to the growth outlook as a buying opportunity," David Kostin, Goldman's chief U.S. equity strategist, said in a note to clients.

The firm's economists forecast real GDP growth slows to 2% in 2024, better than an average forecast of 1% on Wall Street. Therefore, Goldman believes that many cyclical stocks, or those with a high sensitivity to the economy, shouldn't suffer. In fact, the firm is recommending certain of them that have underperformed the rest of the market yet offer strong fundamentals.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock Market Today: Stocks higher as bond markets lay tame into huge week on Wall StreetA Fed rate decision, a big week of earnings and a new Treasury borrowing statement will keep stock markets busy and test the return of global risk appetite.
출처: startelegram - 🏆 248. / 63 더 많은 것을 읽으십시오 »

Wall Street’s ‘Hell Week’ with Fed, earnings, jobs data and Treasury funding on deckWall Street will need to pass a series of stern tests this week if it wants to keep hopes of an end-of-year rally alive.
출처: startelegram - 🏆 248. / 63 더 많은 것을 읽으십시오 »

Analyst calls: All the market-moving chatter from Wall Street on Monday morningCheck out the market-moving analyst calls and latest chatter on Wall Street today.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Apple earnings, Fed decision and jobs data top Wall Street week aheadInvestors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »

Top Wall Street analysts remain optimistic about these five stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Netflix and Nvidia.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »