Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois.
With the S&P 500 not likely to do much the rest of the year, Goldman Sachs says there is still an investment strategy that can outperform.
The firm recommended companies with strong prospects for sales growth next year. David Kostin, Goldman’s chief U.S. equity strategist, updated his “high revenue growth” stock basket, which is now based on 2019 Wall Street estimates.
He wrote in a note to clients Friday that with the rate of GDP growth expected to slow next year, “We continue to recommend investors own stocks with the highest forecast sales growth.”