Goldman Sachs sees strong margins for these stocks in 2023

Investing in companies with a solid track record of margin expansion may be one of the best ways to protect a portfolio from the uncertainties ahead in 2023, according to Goldman Sachs. After a difficult 2022 that saw one of the worst years for stocks since 2008 , investors are grappling with elevated interest rates and a Federal Reserve intent on bringing down inflation even if it risks tipping the economy into a recession.

mountain Booking Holding shares so far this year. Several financial and payment stocks made the cut, including Mastercard . The company is slated to expand its margins by 69 basis points this year after a 2.54% expansion in 2022. Eli Lilly and Latin American airline carrier Copa Holdings were some of the other margin expanders included. — CNBC's Michael Bloom contributed reporting

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