GOLDMAN SACHS: Here are 18 stocks to buy and 7 to short for maximum market upside as recession fears fade.
Goldman Sachs says it's becoming more likely that the US will avoid a recession in 2023. It says stock dispersion is rising, and named the stocks most likely to break out in a flat market.
Goldman has actually been getting more bullish on the US economy recently. The firm wrote that there's now only a 25% chance of a recession, and it raised its year-end target for the benchmark S&P 500 index to 4,000 from 3,600. That only means it's now calling for a flat year instead of a loss, but it's still an improvement.
Kostin said there a lot of growth stocks in the consumer discretionary and tech sectors that are poised to outperform, or underperform, market benchmarks.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How the Wealthy Are Saving Billions in Taxes by Skirting a Century-Old LawGoldman Sachs helped billionaires dodge taxes by selling stocks and replacing them with nearly identical investments. (via propublica)
Read more »
Goldman Sachs upgrades Occidental Petroleum, says recent underperformance puts energy stock at right place to buyAnalyst Neil Mehta upgraded the energy stock to buy from neutral. His price target of $81 per share implies upside of 25.1% from Monday's close.
Read more »
Goldman Sachs Boss Wishes He Had Fired Workers SoonerDavid Solomon said the blood-letting would not have been as bad if he had acted earlier.
Read more »
US CPI Preview: Goldman Sachs, WSJ’s Timiraos tease upside surprise from January inflationUS CPI Preview: Goldman Sachs, WSJ’s Timiraos tease upside surprise from January inflation – by anilpanchal7 Inflation Banks UnitedStates Fed CPI
Read more »
Goldman Sachs says buy Palo Alto Networks as the cybersecurity company diversifies its businessGoldman's price target implies the stock could gain 23.3% over the next 12 months.
Read more »
Goldman says stock picking is back in 2023 and names shares 'likely to generate the largest alpha'Goldman Sachs says 2023 will be the year that picking individual stocks as a strategy will return.
Read more »