Markets are grappling with recession fears and inflation. Buying shares in companies with resilient margins is one way to protect your portfolio, Goldman said.
Markets are grappling with recession fears and the prospect of sticky inflation. Market veterans have been warning that stubbornly high inflation could trigger a recession this year. And some predict that earnings-per-share estimates have further to fall. But there's a way to protect your portfolio — buy shares in companies with resilient margins, Goldman Sachs said in a recent note. Gross margin is one closely watched profitability metric.
Pro screened FactSet for stocks expected to have gross margins of more than 50% this year, and predicted to rally by the same magnitude. They also got a "buy" from at least 40% of analysts who cover them. These are 10 global stocks under the MSCI World index that meet those criteria. A few stocks in the screen stood out for the high analyst expectations they got on all three criteria. Cybersecurity firms CrowdStrike and Palo Alto Networks were two of them.
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