Goldman Sachs predicts rally of more than 50% for these 2 stocks
Stocks started this year with big gains, retreated slightly last week, and are on the rise again. The big tech giants led the moves, with volatility from Apple and Amazon leading the NASDAQ in its moves. The strategy team at investment bank Goldman Sachs has taken note of the market turmoil and is working on what it means for investors. According to macroeconomic strategist Gurpreet Gill, looking closely at bond yields and stock values, “The rise in global yields is a reflection of improving growth prospects given the encouraging progress in vaccines and in the United States, imminent fiscal stimulus. [It] Also signals higher inflation expectations and, in turn, raised expectations about the timing of monetary policy normalization. Monetary policy may be the key to allaying investor concerns – and on this point, Federal Reserve Chairman Jerome Powell’s testimony to Congress is viewed as positive. In his comments to lawmakers, the central bank chief said the Fed has no plans to raise interest rates anytime soon. So far, the outlook is in line with forecasts from Goldman economist Jan Hatzius, who said earlier this year that the Fed will keep rates tight and that 2021 will be a good year for long positions in equities. . So much for the macroeconomic outlook. At the micro level, turning to individual stocks, Goldman analysts have been busy locating stocks that they believe will win …
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