51 cheap stocks to buy if there’s no recession: Goldman Sachs

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Finance Finance Headlines News

Goldman Sachs: Buy these 51 beaten-down stocks that will outperform if the US avoids a recession

David Kostin, the chief US equity strategist at Goldman Sachs, noted in a recent report that inflation is steadily slowing. His firm thinks core Personal Consumption Expenditures , a common gauge of price growth, should return to near the Federal Reserve's 2% target by 2025.

Rapidly falling goods inflation is dragging down the core PCE Index while services inflation stays sticky.A recent report, however, shows that inflation isn't going to simply vanish into thin air. On Friday the US Department of Commerce announced that the month-over-month, which was higher than anticipated.

Lower inflation is crucial if the economic expansion is to continue. Goldman Sachs is relatively optimistic about growth and anticipates that GDP will stay positive for at least the next seven quarters, while its peers call for an economic contraction in the back half of the year.Perhaps most perplexing about the economic landscape is how the unemployment rate has stayed historically low despite

 

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:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Goldman Sachs says these three stocks have at least 75% upside — and one has A.I. at its coreThe Wall Street giant expects investors to focus on established companies with favorable profits instead of high-growth names in the quarters to come.
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan is developing a ChatGPT-like A.I. service that gives investment adviceBanks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
Source: CNBC - 🏆 12. / 72 Read more »

The dress that went viral: BuzzFeed's editor shares the inside storyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »