Making Financial Headlines · Page 1
Goldman Discovers Stocks Outside the Popular Table
· New York time
Goldman Sachs is pointing investors toward 23 unloved, consumer-facing stocks as big technology shares struggle and earnings growth is expected to slow next year. Its assessment shifts attention from the market's familiar stars to companies that have spent less time being introduced as the future of everything. A lagging share price can reflect neglected value, genuine business trouble or several less convenient things at once. Calling something unloved describes its reception, not its ability to earn money. The label is an assessment of market sentiment, not a warranty tucked into the research report. Still, the argument highlights how expectations shape market comparisons. A business carrying modest hopes faces a different test from one expected to transform civilization before the next earnings call. Consumers, meanwhile, remain stubbornly interested in prices, useful products and whether the checkout works. The market now resembles a school cafeteria where the overlooked table suddenly receives a research department. The serious question is whether future profits justify today's expectations. Goldman has supplied a list, not a repeal of uncertainty. Even a less crowded trade can become crowded once enough people arrive to admire how wonderfully empty it used to be.
Read this story in the full newspaper →Satire. Not factual reporting. Read the original reporting from the linked publishers.