Most overpriced stocks in the market to avoid, 20% drop: Goldman Sachs - Business Insider

David Kostin, Goldman Sachs chief U.S. equity strategist, speaks during an interview with CNBC on the floor of the New York Stock Exchange in New York, U.S., July 11, 2018.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Kostin calls for a sell-off of 20% or more in 10 stocks, and six are in the consumer or tech sectors.Investors had a lot to be happy about in 2019 as all kinds of assets went up — but when almost everything rises, some are inevitably going to be overpriced. "In 2019, Info Tech returned 50%, the best of any sector, and accounted for 32% of the rise in the overall index. Only two other sectors, Financials and Communication Services , outpaced the market," he wrote in a note to clients.

Goldman estimates that Apple's profits will come up well short of Wall Street forecasts this year, and that the tech giant will see its earnings grow at about the same rate as the rest of the market over the next two years.

Only 10? Lol

10l.0

They forgot to add their own stock to this list. Doing “God’s work” is not as profitable and if Dems win then their private wealth management biz will tank.

Didn’t Goldman predict market returns in 2019 of like sub 5%?

Yea because they are right precisely how often? The only thing proven by people like this - they have no ability to pick stocks.

Apple for sure

Goldman said this back in July. I hope no poor bastard listened and sold their Apple stock and missed out on a 50% increase 🤦🏾‍♀️

Lololololol I always believe GSCO 🙄

'Short my shorts bitches'.

GoldmanSachs disclosing the stocks they shorted.

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