Goldman’s top US equity strategist David Kostin has a contrarian view on earnings, and has identified 46 stocks that investors should consider holding.
Goldman Sachs expects the US will narrowly avoid a recession this year, and that slower growth will cool both wage and price inflation. That said it expects the SThe “soft landing” economic scenario has led Goldman’s top US equity strategist David Kostin and his team to identify 46 stocks that investors should consider for their portfolios including Tesla, Garmin, Carlyle Group, 3M, Qualcomm and AMD.
The list excludes energy and companies that have outperformed their respective industry group since 2021.Kostin said the “painful investment lesson of 2022” was that investors should have invested for the worst-case outcome. Among 36 stocks that Goldman expects to prove resilient during a hard landing are: Electronic Arts, Home Depot, eBay, Costco, RedMed, Microsoft, Accenture and Block.
McMillan also said with people continuing to shop and spend and with businesses investing, top-line growth should be healthy, helping both margins and bottom lines.
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