Goldman Sachs (NYSE: GS) says…
The next year will be a volatile investing environment with some opportunities too.
Goldman Sachs’ chief US equity strategist David Kostin said his base case for next year is that the S&P 500 will end 2024 at 4,700.
That’s a 3% increase from where it stands today.
He also shared what he sees as a few major trends such as:
- Economic growth will persist in the new year – and GDP will rise 2.1%
- Sales growth will follow GDP growth – and earnings growth will follow sales growth
- The Fed won’t be hiking rates anymore and will cut them beginning in the fourth quarter of next year
- That it might be too late to jump into the “Magnificent 7” now and expect the same sort of returns in 2024
So how could investors beat the market in 2024?
With a base-case expectation that the S&P 500 hits 4,700…
Kostin said there are a lot of opportunities for investors.
Especially if they focus on these 50 stocks:
- Alphabet (GOOGL)
2. Charter Communications (CHTR)
3. T-Mobile US (TMUS)
4. Comcast (CMCSA)
5. Meta Platforms (META)
6. Zoetis Inc. (ZTS)
7. IDEXX Laboratories (IDXX)
8. UnitedHealth Group (UNH)
9. ResMed (RMD)
10. STERIS plc (STE)
11. Mettler-Toledo International (MTD)
12. Elevance Health
13. O’Reilly Automotive (ORLY)
14. Tractor Supply (TSCO)
15. Home Depot (HD)
16. Pool Corp. (POOL)
17. LKQ Corp. (LKQ)
18. Fastenal Co. (FAST)
19. Paychex (PAYX)
20. Cintas Corp. (CTAS)
21. Rollins Inc. (ROL)
22. Church & Dwight (CHD)
23. Monster Beverage (MNST)
24. PepsiCo (PEP)
25. Accenture Plc (ACN)
26. Cadence Design Systems (CDNS)
27. Synopsys (SNPS)
28. Monolithic Power Systems (MPWR)
29. Tyler Technologies (TYL)
30. Amphenol Corp. (APH)
31. EPAM Systems (EPAM)
32. ANSYS (ANSS)
33. CDW (CDW)
34. Broadcom (AVGO)
35. Fair Isaac Corp. (FICO)
36. Akamai Inc. (AKAM)
37. Cognizant Tech Solutions (CTSH)
38. Arista Networks (ANET)
39. Microsoft (MSFT)
40. Marathon Petroleum Corp. (MPC)
41. EOG Resources (EOG)
42. Intercontinental Exchange (ICE)
43. MSCI (MSCI)
44. Charles Schwab (SCHW)
45. Raymond James Financial (RJF)
46. Globe Life (GL)
47. Truist Financial Corporation (TFC)
48. Sherwin-Williams (SHW)
49. American Tower Corp. (AMT)
50. American Water Works (AWK)
These 50 stocks could give you a good return.
Yours in Wealth,
Ian Wyatt