Could we get a Goldman Bounce?
08:42 ET Goldman Sachs recommends overweighting financials : Goldman Sachs continues to recommend a broad overweight in financials, recognizing that the current mkt turbulence has "thrown the baby out with the bathwater"; firm emphasizes stronger, generally higher-cap financials capable of thriving a more hostile and uncertain operating, regulatory, and economic backdrop; recommends a blend of three themes: value stocks (ABK, KRB, PRU), early-cycle defensive stocks (FNM, AFL), and co's with dominant franchises (AIG, BAC, C).
08:08 ET Goldman Sachs upgrades semi equipment group : Goldman Sachs upgrades the semi equipment group as company and investor capitulation that orders have turned down drove a sell-off in the stocks; while fundamentals are not likely to improve in the near-term, firm believes that funds flow and seasonality may drive a meaningful move in the stocks. Upgrades AMAT, KLAC, and ATMI to TRADING BUY from Mkt Outperform, NVLS, LRCX, and AEIS to TRADING BUY from Mkt Perform, ACLS to MKT OUTPERFORM from Mkt Perform, MKSI to MKT OUTPERFORM from Mkt Underperform, and CMOS to MKT PERFORM from Mkt Underperform.
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