News Formal

These stocks offer investors stable growth in a slowing economy and turbulent market, Goldman says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 72%

Investment Strategy News

Stock Markets,S&P 500 Index,Dow Jones Industrial Average

Goldman Sachs shared a basket of names that may hold up amid fears of a potential recession hitting the U.S. economy.

Investors' concerns of a potential recession contributed to a global market sell-off Monday, but Goldman Sachs sees a way to play a hypothetical economic downturn. Following Friday's weaker-than-expected jobs report for July, the S & P 500 and the Dow Jones Industrial Average saw their worst sessions in nearly two years on Monday. That day, Japan's Nikkei 225 also saw its worst session since Wall Street's "Black Monday" in 1987.

Tech giant International Business Machines and cloud security company F5 are two of them, with shares up more than 14% and around 5%, respectively, in 2024. Over the past month, IBM has moved around 6% higher and F5 has moved more than 9% higher after both companies reported second-quarter earnings that beat the Street's expectations .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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 says this investment is seen as a potential Trump trade and it's jumping MondaySmall cap stocks outperformed after Donald Trump's win in 2016, according to Goldman Sachs.
Source: CNBC - 🏆 12. / 72 Read more »