Despite the return of neck-snapping market volatility in the first-quarter and various bearish Wall Street forecasts, Goldman Sachs (GS) - Get Report is still bullish on the outlook for the S&P 500 (^GSPC) . Makes sense, they have a large profit-hungry trading desk to feed.
Nevertheless, Goldman doesn't think speculation over a recession will move anywhere past just that -- talk and no reality. That, coupled with companies sitting on large amounts of cash and investments being made in innovation, are the ingredients Goldman thinks will drive the S&P 500 to 3,100 by the end of 2020.
As for stock suggestions on the march toward higher highs on benchmark indices, as if often the case it pays to bet on companies investing for the long-term. Here is a tidy list from Goldman of companies putting their money where their mouth is, so to speak.
Tickers mentioned:(GM) - Get Report , (UA) - Get Report , (AMZN) - Get Report , (STZ) - Get Report , (DE) - Get Report , (UTX) - Get Report , (QCOM) - Get Report , (NVDA) - Get Report , (INTC) - Get Report , (MU) - Get Report , (GOOGL) - Get Report , (VZ) - Get Report . Goldman Sachs, Amazon, Constellation Brands, Nvidia and Alphabet are holdings in Action Alerts PLUS.
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