Goldman Sachs: these 2 “Strong Buy” stocks could increase by at least 30%
We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us and how that will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes we are on an upward trajectory, with better times ahead. Hatzius sees developed economies grow as the corona crisis recedes. For the United States, in particular, he is impressed with the “very substantial budget support” implied by the latest COVID relief plan. Even with that, however, Hatzius thinks the fourth quarter was a weaker period, and we’re still not quite out of it. He puts Q1 growth at 5%, and says we’re going to see further “spring concentrated” expansion and “Q2 growth rate accelerating to 10%”. And by the acceleration, Hatzius means investors should expect Q2 GDP in the neighborhood of 6.6%. Hatzius attributes these predictions to ongoing vaccination programs and the continued development of COVID vaccines. Moderna and Pfizer vaccines are already in production and in circulation. Hatzius says, of these programs, “This fact that we are developing…
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