Goldman Sachs: Buy these fast growers to beat market as overall earnings growth slows

Indonesia Berita Berita

Goldman Sachs: Buy these fast growers to beat market as overall earnings growth slows
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 CNBC
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

In an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs.

div > div.group > p:first-child"> The bank built a portfolio consisting of 50 stocks in the S&P 500 with the fastest expected 2019 sales growth based on consensus estimates. The median constituent is expected to increase sales by 10 percent in 2019, versus just 4 percent for the average S&P 500 stock. The portfolio has outperformed the S&P 500 by 400 basis points so far this year.

"In a market characterized by modest, sales-driven EPS growth, investors typically reward firms with the fastest expected top-line growth," Goldman's chief U.S. equity strategist, David Kostin, said in the note. Fewer and fewer companies are able to generate additional sales growth on the heels of a global economic slowdown as slowing demand and rising costs put pressure on companies. Wall Street analysts have been aggressive when it comes to slashing their earnings expectations.

The estimates for the S&P 500′s first quarter earnings have dropped 6.5 percent in the first two months of 2019 alone, the largest cut since the first quarter in 2016, according to FactSet. Analysts now are projecting an earnings loss of 3.2 percent in the first quarter and a gain of 4.1 percent for 2019.

Netflix is the stock with the highest expected 2019 sales growth in Goldman's basket, with the Street seeing a 28 percent revenue expansion this year. Google parent Alphabet, Amazon and Adobe are also among the dozens of stocks in the portfolio.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

CNBC /  🏆 12. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Goldman Sachs preaches caution on commodities: 'They are no longer significantly undervalued'Goldman Sachs preaches caution on commodities: 'They are no longer significantly undervalued'Goldman Sachs warns the commodity rally may be running out of steam and investors need to monitor fundamental supply-and-demand data.
Baca lebih lajut »

Bury those bespoke suits in the closet: Goldman Sachs is going casualBury those bespoke suits in the closet: Goldman Sachs is going casualGoldman Sachs Inc., traditionally a suit-and-tie workplace, is relaxing its dress code.
Baca lebih lajut »

Merck KGaA mandates Goldman as additional advisor for Versum dealMerck KGaA mandates Goldman as additional advisor for Versum dealGerman drugs and lab supplies group Merck KGaA has brought in Goldman Sachs as a...
Baca lebih lajut »

Suits and ties now optional: Goldman Sachs says it's relaxing its dress codeSuits and ties now optional: Goldman Sachs says it's relaxing its dress codeGoldman Sachs said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm's leagues of monk-shoed partners and bankers in bespoke suits.
Baca lebih lajut »

How to Dress at Goldman SachsHow to Dress at Goldman SachsGoldman Sachs has gone business casual, and Jason Gay contemplates the implications. Hockey sweaters on Wall Street? Spandex?
Baca lebih lajut »

Goldman Sachs is loosening its dress codeGoldman Sachs is loosening its dress codeGoldman Sachs is going casual. The investment bank told employees on Tuesday that they could start dressing down for the office.
Baca lebih lajut »

Suits and ties now optional, Goldman Sachs hedges dress codeSuits and ties now optional, Goldman Sachs hedges dress codeGoldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for a...
Baca lebih lajut »

Goldman Sachs is ditching suits in favor of a 'flexible dress code'Goldman Sachs is ditching suits in favor of a 'flexible dress code'Goldman Sachs is relaxing its dress code, but reminded employees to dress 'in a manner that is consistent' with clients' expectations.
Baca lebih lajut »

OPEC can declare mission accomplished on price-boosting oil output cuts by April: Goldman SachsOPEC can declare mission accomplished on price-boosting oil output cuts by April: Goldman SachsOPEC's production cuts will probably achieve their goal of draining oversupply from the oil market by April, Goldman Sachs commodities chief Jeff Currie predicts.
Baca lebih lajut »



Render Time: 2025-03-16 16:05:41