Goldman Sachs' Sharon Bell says two sectors look 'inexpensive' and 'cheap' in the current high-interest-rate environment.
Bank stocks are "inexpensive," and commodity companies look "cheap" in this high interest-rate environment, according to Goldman Sachs' Sharon Bell. Bell, a European strategist at the investment bank, said the two value sectors are set to do well as economic growth remains robust. Goldman forecasts global GDP to grow slightly above 2% this year — higher than was forecast by economists just a few months ago.
" A0F5UJ-FF 1Y line She noted that all banks — regardless of whether they had performed well or were struggling — had benefited from higher interest rates, but stressed that those with good execution plans, such as successful restructuring programs, would be rewarded with higher valuations over time. Commodity boost The positive impact of a growing economy won't be limited to the banking sector, according to Bell.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Big Tech layoffs: What companies such as Amazon and Meta have in commonOne of the things these companies have in common is the fact that 'many hired aggressively during the pandemic, often because they over-extrapolated pandemic-related trends such as increases in demand for goods or time spent online.'
Les mer »
How Mastercard, Goldman Sachs And Other “TradFi” Titans Are Using Blockchain To Rewire Global FinanceCrypto is in crisis, but many of the world’s biggest financial institutions are still banking on the underlying tech as the best way to build confidence with customers—and with one another.
Les mer »
Sharon Van Etten Is Finally Ready to Share the 'Serpents' Video She Made 11 Years Ago.sharonvanetten has dug up a previously unreleased music video for her classic song, “Serpents,” off her 2012 album, 'Tramp.'
Les mer »
Carlyle names former Goldman executive Schwartz as CEOPrivate equity firm Carlyle Group Inc on Monday appointed former Goldman Sachs Inc executive Harvey Schwartz as chief executive officer, effective Feb. 15.
Les mer »
Time to buy the tech rally? Wall Street pros weigh in with their top stock picksAs investors turn increasingly bullish on tech, here's where Goldman Sachs, Wells Fargo and a slew of fund managers advise putting your money.
Les mer »
Goldman Sachs ups its near-term S&P 500 target due to brighter economic picture. But that could knock 25% off stocks, strategists say.A team of Goldman Sachs strategists lifted their three-month target from 3,600 to 4,000 for the S&P 500, which is up more than 7% so far this year.
Les mer »