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.
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