Goldman Sachs: Buy these 36 stocks that can achieve double-digit earnings growth this year even though the market is destined for flat profits
US stocks rose 7% in the first quarter, even though earnings expectations declined.Here are 36 stocks that will grow earnings by at least 10% this year, according to Goldman Sachs.In fact, earnings expectations dropped in early 2023, which shaved 1.1 percentage points from the S&P 500's 7% return from the start of the year through March, according to Goldman Sachs.
Even if the US avoids an economic downturn this year, Kostin thinks that US stocks have already unlocked most of their upside for the foreseeable future.
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