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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next stock market crash: The exact scenario that could spur a meltdown - Business InsiderJim Paulsen, chief investment strategist at Leuthold Group, says the decade-plus bull market will end in a 'similar way' to those of the past. O face TheDemocrats win the WhiteHouse in 11/2020 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »

These charts chronicle how Microsoft has changed under Satya Nadella - Business InsiderBusiness Insider analyzed Microsoft's securities filings and market data since Nadella took over as CEO in 2014 to detail his impact on the company. Absolute stud BI has a paywall now? Lol.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Verizon highlights 5G drone opportunity - Business Insider - Business InsiderVerizon thinks drones present a growth opportunity for its budding 5G network and aims to be the first carrier to connect 1 million 5G drones flights. THIS WILL MAKE THE WORLD SO MUCH BETTER WHAT COULD GO WRONG? TMobile already has it implemented. verizon screwed too many consumers. Lost to the leader TMobile. Now trying all kinds of stupid 'pie in the sky' ideas. Can't screw the consumer f'ever! LOSER! How about providing consistent coverage to your current customers
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon waffle maker allegedly arrives with old waffle still inside - Business InsiderA family says they received a nasty surprise when the waffle maker they ordered on Amazon arrived still crusted in old waffle remains Well at least they know that it works Sell it on eBay. Stop ordering stuff. Go to the store & look at items feel the weight the material see the workmanship B4 u put your money on it. Oh sry forgive me I'm old school & believe in seeing my hard earned money & getting the best of wht that money is paying for. Sry ignore me.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A 'cave house' in Arizona is on the market for just under $1 million - Business InsiderA 'cave house' blasted into the side of a mountain in Arizona is on the market for just under $1 million. Here's a look inside. This is stunning and I want it.
Source: BusinessInsider - 🏆 729. / 51 Read more »