The markets are currently in a narrow range. But even the current stock market environment offers potential for investors: Goldman Sachs has identified seven stocks that continue to rise even in shallow markets.
The US S & P 500 index is showing a pronounced sideways trend in the year to date. Since January, the stock market barometer has risen by a moderate 1.7 percent. And that’s not going to change much by the end of the year, experts at Wall Street Goldman Sachs believe, confirming their index target by the end of the year at 2,850 points. As a result, the S & P 500 would still have an upside potential of around four percent this year – relatively little, considering that the index had gained just under 19 percent in 2017.
A difficult stock market environment for investors, because cheap stocks are currently in short supply, make real growth stars is increasingly difficult. However, the analyst team at Goldman Sachs is confident that the current market situation also enables investment strategies that can be used to outperform.
Shares with strong sales prospects
David Kostin, the lead equity house strategist at the finance house, points in particular to companies with strong growth prospects. A note to clients said last week, “We continue to recommend that investors buy stocks with the highest forecast sales growth.” Kostin has recently updated its list of share certificates – and it does include well-known companies, which at first glance appear anything but cheap.
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