“Positive headlines around trade discussions with China and dovish Fed commentary would provide near-term relief to equity market uncertainty and represent a potential catalyst for higher equity prices,” he said. “Stabilization in economic data, both in the US and abroad, could also lift investors’ confidence regarding the longevity of the current expansion, which in July will mark its 10th anniversary (the longest since at least 1850).”
Goldman recommends investors up their cash allocations, which are around 30-year lows, as equivalents like three-month Treasury bills now provide healthy yields.
In addition, the firm is recommending stocks that combine quality with strong balance sheets, a group it said has outperformed since Dec. 3 during the worst of the market sell-off.
“We believe these stocks will be of particular interest to equity investors seeking stability and relatively limited downside,” Kostin wrote.
Along with the above-mentioned companies, the basket’s top names also include KLA-Tencor, Walgreens Boots Alliance, Essex Property Trust, Amerisource Bergen and Tyson Foods.
from Viral News Reports http://bit.ly/2C4Pm4a
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