Goldman Sachs reported that attractive opportunities are developing in US equities.
Goldman Sachs reported that while the S&P 500 remains expensive, it sees attractive opportunities developing in US equities.
Stating that the risk-return balance is still not attractive in the S&P 500, strategists led by David J. Kostin stated that they see an opportunity in stocks with fast cash flow, profitable growth, cyclical and small market values.
The S&P 500 index has dropped 25 percent this year, but is still 12 percent above the 3150 points Goldman Sachs had predicted in its hard landing scenario.
Stocks in the S&P 500 that generate faster cash flow than others and that Goldman Sachs likes are retail chain Macy’s and General Motors. Stocks showing profitable growth and looking bargains are biotech company Exelixis and Meta Platforms.
