These 7 growth stocks — including Amazon — should rally even in a flattish market


With the S&P 500 not likely to do much the rest of the year, Goldman Sachs says there is still an investment strategy that can outperform.

The firm recommended companies with strong prospects for sales growth next year. David Kostin, Goldman’s chief U.S. equity strategist, updated his “high revenue growth” stock basket, which is now based on 2019 Wall Street estimates.

He wrote in a note to clients Friday that with the rate of GDP growth expected to slow next year, “We continue to recommend investors own stocks with the highest forecast sales growth.”

The basket includes several internet and technology stocks such as Amazon, Netflix and Autodesk.

Source link

Products You May Like

Articles You May Like

China’s roaring start to week is a ‘flash in the pan:’ David Rosenberg
1 in 4 Venmo users’ actions on app can be monetized
It’s not a good time to be a company like United Rentals
Automakers turn rivals into frenemies to share cost of new technology
Stock fall of companies reporting earnings worst since 2011

Leave a Reply

Your email address will not be published. Required fields are marked *