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Goldman Sachs: These 3 Stocks Are Poised to Surge by Over 100%
Markets are beset by volatility, with unpredictable swings making recent sessions something of a roller coaster. The main indexes were falling sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing activity provided a boost that pared back the market losses somewhat. The recent earnings season also gave reason for optimism – the S&P listed companies, collectively, reported 46% year-over-year earnings gains in Q1, compared to the 20% expected. Goldman Sachs strategist David Kostin sees the generally positive macro data providing support for equities in an uncertain market environment. “The combination of global reopening, elevated consumer savings, and strong corporate operating leverage will drive sharp recoveries in both economic and earnings growth… U.S. equities will continue to appreciate, albeit at a slower pace than has characterized the past 12 months… equities will remain attractive relative to cash and bonds,” Kostin noted. Taking this into…
