'Insure against the worst': Goldman picks stocks for a soft — and hard — economic landing

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

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

'Insure against the worst': Goldman picks top stocks for a soft — and hard — economic landing

Investors are on edge after U.S. stocks fell for three consecutive weeks , signaling the possibility of higher interest rates for longer than expected. The yield on the 6-month and 1-year Treasury bonds closed at 5% on Friday, thanks to several economic data releases last week that pointed toward a strong U.S. economy. A rise in bond yields leads to increased borrowing costs for companies, which adds downward pressure on stocks.

" The bank describes the list as "cyclical laggards with low valuations and strong balance sheets" on the Russell 3000 . Goldman's picks include Tesla ; Garmin , the GPS technology company; Mohawk Industries , a global flooring manufacturer; and TopBuild , a supplier of insulation and building material. Goldman Sachs analysts expect an earnings-per-share growth of 5% for Tesla and 7% for Garmin over the next 12 months, compared to a 1% growth for the S & P 500.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

+1.6 labor cost

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

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.

Goldman names 2 global stocks to play the 'clean hydrogen revolution,' giving one 50% upsideGoldman Sachs says the 'clean hydrogen revolution' is here. It reveals two of its buy-rated stocks to play the boom. RAYTHEON. INTEGRAL DERIVATIVES. Trash If u listen to goldman u gonna get screwed
Source: CNBC - 🏆 12. / 72 Read more »

Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023Goldman Sachs strategists see an economic shift from 'reopening to recovery' driving Chinese stocks 24% higher by the end of this year. These guys? Traitors, funding the enemy's war machine
Source: CNBC - 🏆 12. / 72 Read more »