Analysts at Goldman Sachs named a slew of stocks this week that the firm said are well positioned if market conditions deteriorate. These companies have some defensive qualities and have long-term upside.
Pro combed through Goldman Sachs research to find stocks that are stronger for longer. They include Yeti, Yum China , Keysight Technologies , Capri Holdings and Taiwan Semiconductor Manufacturing . Yeti Shares of Yeti have jumped since the company's blowout earnings report back on Nov. 10. Analyst Brooke Roach said in a recent note to clients that she's expecting the stock to continue its upward trajectory.
highlighted 2022 as one of its most expansive years of innovation yet," she added. Inventory remains challenged, but Roach said the company is working hard. She noted that the firm is seeing incremental improvement. Goldman Sachs has a price target of $51 per share and said the sky's the limit for Yeti. "We stay buy," Roach said. Yum China Yum China is a stock made for these times, according to analyst Michelle Cheng.
highlighted 2022 as one of its most expansive years of innovation yet." Keysight Technologies "Strong results despite weakening macro. ... We believe the report was better than investor expectations, especially orders which were a record for the quarter and stayed strong in October, in contrast to some competitors that recently reported that bookings had slowed. ...
Warren Buffet just invested $4.1 billion into TSMC as well. Seems like a solid buy.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: Breakingviews - 🏆 470. / 51 Read more »