With rate cuts pushed out, Goldman looks at quality stocks

seekingalpha04-29

Investors are looking to quality stocks amid the prospect of delayed Fed rate cuts. This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing,...

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This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing,...</p>\n\n<a href=\"https://seekingalpha.com/news/4095236-with-rate-cuts-pushed-out-goldman-looks-at-quality-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>With rate cuts pushed out, Goldman looks at quality 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\">\nWith rate cuts pushed out, Goldman looks at quality stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 03:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4095236-with-rate-cuts-pushed-out-goldman-looks-at-quality-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors are looking to quality stocks amid the prospect of delayed Fed rate cuts. This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing,...</p>\n\n<a href=\"https://seekingalpha.com/news/4095236-with-rate-cuts-pushed-out-goldman-looks-at-quality-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":"FICO","symbol_name":"Fair Isaac Corp","start_time":0,"source_url":"https://seekingalpha.com/news/4095236-with-rate-cuts-pushed-out-goldman-looks-at-quality-stocks","article_id":"2431091695","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1493832785/image_1493832785.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431091695","pubTimestamp":1714332294,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Investors are looking to quality stocks amid the prospect of delayed Fed rate cuts. This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing,","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FICO":"Fair Isaac Corp","MPWR":"Monolithic Power Systems","PAYX":"沛齐","HD":"家得宝","CTAS":"信达思","NTRS":"北方信托公司","MSFT":"微软","SNPS":"新思科技","MPC":"马拉松原油","AJG":"亚瑟加拉格尔有限公司","STE":"思泰瑞医疗","HSY":"好时","TSCO":"拖拉机供应公司","FAST":"快扣","CRL.AU":"Comet Resources Ltd","RJF":"瑞杰金融","IDXX":"爱德士实验室","IVV.AU":"ISHARES S&P 500 ETF/AUS","SCHW":"嘉信理财","SHW":"宣伟公司","ROL":"Rollins Inc","APH":"安诺电子","GS":"高盛","ICE":"洲际交易所","ACN":"埃森哲","META":"Meta Platforms","APH.AU":"Australian Primary Hemp","UNH":"联合健康","AVGO":"博通","MNST":"怪物饮料","AMT":"美国电塔","MSCI":"MSCI Inc","EPAM":"Epam Systems","CTRA":"Coterra Energy Inc.","LKQ":"LKQ Corporation","ICE.AU":"ICETANA LTD","VOO":"Vanguard标普500ETF","CDNS":"铿腾电子","ANET":"Arista Networks, Inc.","FFIV":"F5 Inc","LULU":"lululemon athletica","GOOGL":"谷歌A","CMCSA":"康卡斯特","CDW":"CDW Corporation","CHD":"丘奇＆德怀特","RMD.AU":"Resmed DRC","KLAC":"科磊","AWK":"美国水务","ZTS":"Zoetis Inc.","CTSH":"高知特"},"translate_title":"随着降息的推出，高盛着眼于优质股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAYX":1,"IDXX":1,"IVV.AU":1,"KLAC":1,"LKQ":1,"LULU":1,"META":1,"MNST":1,"MPC":1,"MPWR":1,"MSCI":1,"MSFT":1,"NTRS":1,"ICE.AU":1,"RJF":1,"RMD.AU":1,"ROL":1,"SCHW":1,"SHW":1,"SNPS":1,"STE":1,"TSCO":1,"UNH":1,"VOO":1,"ZTS":1,"CTAS":1,"AJG":1,"AMT":1,"ANET":1,"APH":1,"APH.AU":1,"AVGO":1,"AWK":1,"CDNS":1,"CDW":1,"CHD":1,"CMCSA":1,"CRL.AU":1,"ACN":1,"CTRA":1,"CTSH":1,"EPAM":1,"FAST":1,"FFIV":1,"FICO":1,"GOOGL":1,"GS":1,"HD":1,"HSY":1,"ICE":1},"content_text":"Investors are looking to quality stocks amid the prospect of delayed Fed rate cuts. This time last year, the strength of 'quality stocks' could be attributed to investor concerns about a hard landing, but the growth backdrop has improved substantially during the past 12 months,\" Goldman Sachs equity strategist David Kostin wrote in a note.  \"S&P 500 (NYSEARCA:SPY) (IVV) (VOO) EPS grew by 6% year/year in 2H 2023, and we forecast growth of 8% this year to $241,\" Kostin said. \"During most previous periods of strong S&P 500 profit growth, 'quality' stocks such as those with high returns on capital have typically underperformed and traded with much less of a valuation premium relative to their lower-quality peers.\" \"Today, rather than growth, concerns over the cost of capital are supporting quality. If the Fed proceeds with cuts later this year and those concerns recede, quality stocks will likely give back some of their recent outperformance,\" he said. \"Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continue and also expand to include stocks with stable growth.\" Goldman rebalanced its High Quality Stock basket. It comprises large-cap stocks with strong balance sheets, histories of stable sales and earnings growth, above-average ROE and low historical drawdown risk. The stock by sector are: Communication Services  Alphabet (GOOGL), quality score 94 Charter Communications (CHTR), 84 T-Mobile (TMUS), 77 Comcast (CMCSA), 76 Meta Platforms (META), 74  Healthcare  Zoetis (ZTS), 91 IDEXX Laboratories (IDXX), 89 UnitedHealth Group (UNH), 89 STERIS (STE), 88 ResMed (RMD), 87 Charles River Laboratories (CRL), 82  Consumer Discretionary   O'Reilly Automotive (ORLY), 98 Home Depot (HD) 90 Tractor Supply (TSCO), 88 LKQ (LKQ), 91 lululemon athletica (LULU), 79  Industrials  Fastenal (FAST), 94 Paychex (PAYX), 91 Cintas (CTAS), 91 Rollins (ROL), 90  Consumer Staples  Church & Dwight (CHD), 94 Monster Beverage (MNST), 84 Hershey (HSY), 83    Marathon Petroleum (MPC), 63 Coterra Energy (CTRA), 60  Info Tech  Cadence Design Systems (CDNS), 95 Accenture (ACN), 95 Synopsys (SNPS), 90 Tyler Technologies (TYL), 86 Monolithic Power Systems (MPWR), 86 Amphenol (APH), 86 Broadcom (AVGO), 80 CDW (CDW), 80 Fair Isaac (FICO), 80 EPAM Systems (EPAM), 78 Arista Networks (ANET), 75 Microsoft (MSFT), 75 Cognizant Tech Solutions (CTSH), 74 KLA (KLAC), 73 F5 (FFIV), 72   Financials   Intercontinental Exchange (ICE), 87 MSCI (MSCI), 80 Arthur J. Gallagher (AJG), 53 Truist Financial (TFC), 75 Raymond James Financial (RJF), 74 Charles Schwab (SCHW), 69 Northern Trust (NTRS), 68  Materials Sherwin-Wiliiams (SHW), 92 Real Estate  American Tower (AMT), 81 Utilities  American Water Works (AWK), 84","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":1,"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/2431091695"}