Costco, Microsoft Are Stocks Fit For Recession: Goldman Sachs
If the economy has a hard landing, Goldman Sachs strategists expect the S&P 500 to drop 21% to 3,150.
Many economists and investors believe the Federal Reserve’s interest-rate increases will produce a hard landing for the economy – a recession.
Economists at Goldman Sachs predict a soft landing. But if there is a hard landing, they expect the S&P 500 to fall to 3,150, a 21% drop from the recent level of 3,988.
With that in mind, Goldman Sachs strategists put together a list of stocks that should benefit from a hard landing.
Here are 10 stocks on the roster, grouped by industry.
Activision Blizzard ATVI, the video game publisher
Home Depot HD, the home improvement retailer
Costco COST, the food and staples retailer
Kroger KR, the grocery-store chain
Altria MO, the tobacco company
Tyson Foods TSN, the chicken/beef producer
Pfizer PFE, the pharmaceutical giant
Danaher DHR, a scientific instrument maker
Microsoft MSFT, the software titan
Visa V, the credit card colossus
https://www.thestreet.com/investing/stocks/costco-microsoft-recession-stocks-goldman |
