With rate cuts pushed out, Goldman looks at quality stocks [Seeking Alpha]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Seeking Alpha
This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing, but the growth backdrop has improved substantially during the past 12 months," Goldman Sachs equity strategist David Kostin wrote in a note. "S&P 500 ( NYSEARCA: SPY IVV VOO ) EPS grew by 6% year/year in 2H 2023, and we forecast growth of 8% this year to $241," Kostin said. "During most previous periods of strong S&P 500 profit growth, 'quality' stocks such as those with high returns on capital have typically underperformed and traded with much less of a valuation premium relative to their lower-quality peers." "Today, rather than growth, concerns over the cost of capital are supporting quality. If the Fed proceeds with cuts later this year and those concerns recede, quality stocks will likely give back some of their recent outperformance," he said. "Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continu
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Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- GS's page on the SEC website