Goldman Sachs is keeping some market themes in mind into the new year. Stocks are coming off an unusually strong two-year period, with 2023 and 2024 both recording gains of more than 20% for the broad S & P 500 index. Now, investors are wondering if the bull market has further steam. There's a lot to consider with the potential for more interest rate cuts and a change of party control in Washington.
Given this changing landscape, Kron pointed to Citigroup , Evercore , and Vulcan Materials , among others, on its conviction list as ways to get in on the shift. Power There are several subtrends within the power space that Goldman is following. First, there's the growing demand for power to fuel AI data centers. There's also the expectation for continued strength in utilities' capital expenditures given growth in electrification and manufacturing.