Goldman picks top capex and R&D stocks

seekingalpha04-22

Goldman Sachs expects capex and R&D growth to slow to 7% this year, down from 10% in 2023. Higher "interest rates have led to a higher cost of capital for firms, making it unlikely that capex growth ...

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Higher \"interest rates have led to a higher cost of capital for firms, making it unlikely that capex growth ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091724-goldman-picks-top-capex-and-rd-stocks\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman picks top capex and R&D stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman picks top capex and R&D stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091724-goldman-picks-top-capex-and-rd-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs expects capex and R&D growth to slow to 7% this year, down from 10% in 2023.  Higher \"interest rates have led to a higher cost of capital for firms, making it unlikely that capex growth ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091724-goldman-picks-top-capex-and-rd-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LLY","symbol_name":"礼来","start_time":0,"source_url":"https://seekingalpha.com/news/4091724-goldman-picks-top-capex-and-rd-stocks","article_id":"2429953310","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1465188429/image_1465188429.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429953310","pubTimestamp":1713724924,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wall Street's April pullback intensifies as S&P 500 notches worst week in over a year Catalyst Watch: Tesla, Boeing and General Motors brace for earnings fireworks","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LLY":"礼来","FANG.AU":"GLOBAL X FANG+ ETF","GOOGL":"谷歌A","TSN.AU":"The Sustainable Nutrition Group Ltd","PFE":"辉瑞","DAL":"达美航空","T":"美国电话电报","GM":"通用汽车","MRNA":"Moderna, Inc.","QRVO":"Qorvo, Inc.","AMZN":"亚马逊","CCL":"嘉年华邮轮","META":"Meta Platforms","LUV":"西南航空","VRTS":"维德思投资","DAL.AU":"DALAROO METALS LTD","ON":"安森美半导体","UAL":"联合大陆航空","F":"福特汽车","BG":"邦吉","AES":"爱依斯电力","JBL":"捷普科技","NTAP":"美国网存","HPE":"慧与科技","QCOM":"高通","CCL.AU":"Coca-Cola Amatil","INCY":"因塞特医疗","FANG":"Diamondback Energy","UHS":"Universal Health Services Inc Cl","VZ":"威瑞森","EQT":"EQT能源","STX.AU":"STRIKE ENERGY LTD","MRK":"默沙东","PFE.AU":"PANTERA MINERALS LTD","MSFT":"微软","RCL.AU":"READCLOUD LTD","HPQ":"惠普","CMCSA":"康卡斯特","KR":"克罗格","WMT":"沃尔玛","BWA":"博格华纳","APA":"阿帕契","BMY":"施贵宝","EQT.AU":"EQT Holdings Ltd","XOM":"埃克森美孚","EMN.AU":"EURO MANGANESE INC-CDI","NXPI":"恩智浦","EA":"艺电","NCLH":"挪威邮轮"},"translate_title":"高盛挑选顶级资本支出和R&D股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QCOM":1,"LLY":1,"LUV":1,"META":1,"MRK":1,"MRNA":1,"MSFT":1,"NCLH":1,"NTAP":1,"NXPI":1,"ON":1,"PFE":1,"PFE.AU":1,"KR":1,"QRVO":1,"RCL.AU":1,"STX.AU":1,"T":1,"TSN.AU":1,"UAL":1,"UHS":1,"VRTS":1,"VZ":1,"WMT":1,"XOM":1,"EMN.AU":1,"AMZN":1,"APA":1,"BG":1,"BMY":1,"BWA":1,"CCL":1,"CCL.AU":1,"CMCSA":1,"DAL":1,"DAL.AU":1,"EA":1,"AES":1,"EQT":1,"EQT.AU":1,"F":1,"FANG":1,"FANG.AU":1,"GM":1,"GOOGL":1,"HPE":1,"HPQ":1,"INCY":1,"JBL":1},"content_text":"Goldman Sachs expects capex and R&D growth to slow to 7% this year, down from 10% in 2023.  Higher \"interest rates have led to a higher cost of capital for firms, making it unlikely that capex growth will accelerate in the near term,\" strategist David Kostin said.  \"Sales growth is the largest driver of R&D growth in our model and we forecast sales will grow by 6%,\" Kostin said.  \"The AI investment cycle among the mega-cap tech stocks will support investing for growth,\" he added. \"After several quarters of cost discipline, many mega-cap tech firms appear committed to investing in AI.\" \"Ten stocks in the S&P 500 index collectively accounted for 54% of total R&D spending in 2023 and the ten firms with the largest capex spending accounted for 29% of total capex.\" The top 10 for 2023 Capex   Amazon (AMZN) $53 billion, 6% of S&P Microsoft (MSFT) 35, 4 Alphabet (GOOGL) 32, 3 Meta Platforms (META) 27, 3 Intel (INTC) 26, 3 GM (GM) 25, 3 Exxon Mobil (XOM) 22, 2 Walmart (WMT) 21, 2 Berkshire Hathaway (BRK.B) 19, 2 Verizon (VZ) 19, 2   The top 10 for 2023 R&D  Amazon (AMZN) $86 billion, 15% of S&P Alphabet (GOOGL) 45, 8 Meta Platforms (META) 38, 7 Merck (MRK) 31, 5 Apple (AAPL) 30, 5 Microsoft (MSFT) 28, 5 Intel (INTC) 16, 3 J&J (JNJ) 15, 3 Eli Lilly (LLY) 13, 2 Pfizer (PFE) 13, 2  The Goldman Capex and R&D Basket Communication Services   Charter Communications (CHTR) Capex+R&D/Market Cap 21% Meta Platforms (META), 21% AT&T (T), 14% Verizon (VZ) 11% Comcast (CMCSA), 8% Electronic Arts (EA), 8%  Industrials  United Airlines (UAL), 58% American Airlines (AAL), 31% Delta Air Lines (DAL), 25% Southwest Airlines (LUV), 25% United Rentals (URI), 17%  Info Tech   Intel (INTC), 38% Hewlett Packard (HPE), 24% Western Digital (WDC), 23% Micron Technology (MU), 19% Juniper Networks (JNPR), 13% Jabil (JBL), 11% First Solar (FSLR), 10% Super Micro Computer (SMCI), 9% NetApp (NTAP), 9% Qorvo (QRVO), 9% Seagate Tech (STX), 9% Akamai (AKAM), 9% Qualcomm (QCOM), 8% HP (HPQ), 8% On Semiconductor (ON), 8% NXP Semiconductors (NXPI), 8%  Consumer Discretionary   GM (GM), 73% Norwegian Cruise Line (NCLH), 53% Ford (F), 35% Carnival (CCL), 32% Royal Caribbean (RCL), 31% Borg Warner (BWA), 16%  Consumer Staples  Kroger (KR), 12% Tyson Foods (TSN), 8% Bunge Global (BG), 8% Lamb Weston (LW), 8%  Energy  Diamondback Energy (FANG), 19% EQT (EQT), 16% APA (APA), 16%  Utilities  AES (AES), 40% Healthcare   Merck (MRK), 12% Viatris (VRTS), 10% Incite (INCY), 9% DaVita (DVA), 8% Moderna (MRNA), 8% Bristol-Myers (BMY), 8% Universal Health (UHS), 7%  Materials  Eastman Chemical (EMN), 11%  More on the markets  SPY: Higher For Longer Could Be Good News S&P 500: Positive Outlook, I'm Modifying My Hedge SPY: Resurgent Inflation, Soaring Yields, Geopolitical Turmoil - 1970s All Over Again? Wall Street's April pullback intensifies as S&P 500 notches worst week in over a year Catalyst Watch: Tesla, Boeing and General Motors brace for earnings fireworks","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429953310"}