Wednesday, June 22, 2022
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Now And Then News
No Result
View All Result
  • Login
  • Home
  • National
  • International
  • Politics
  • Defense
  • Business
  • Health
  • Sports
  • Technology
  • Entertainment
  • Lifestyle
  • Travel
  • Home
  • National
  • International
  • Politics
  • Defense
  • Business
  • Health
  • Sports
  • Technology
  • Entertainment
  • Lifestyle
  • Travel
No Result
View All Result
Now And Then News
No Result
View All Result
Home Business

Goldman Sachs’ top tech stock picks to weather market volatility

by admin
May 27, 2022
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on email


Goldman Sachs has named 4 “compelling” shopping for alternatives in tech after a blended bag of first-quarter earnings. The shares supply stable topline development and usually tend to prevail amid the present market volatility, the financial institution mentioned. After years of market-beating returns, tech shares have endured an enormous sell-off this 12 months. The sector has borne the brunt of a market rotation out of development and into worth names, because the probability of a steep fee climbing cycle — which makes development shares’ future earnings much less engaging — hit residence. A string of first-quarter earnings misses from Netflix , Google guardian Alphabet and Amazon , coupled with warnings of additional headwinds forward have additional compounded market nervousness. The tech-heavy Nasdaq Composite notched its seventh straight week of declines final week— the longest shedding streak for the index in 21 years. However there stay pockets of alternatives within the sector, in accordance with Goldman Sachs. “We see essentially the most compelling shopping for alternatives in our largest cap protection as these corporations present a combination of stable topline development within the present surroundings, are extra doubtless to have the ability to climate any ensuing international financial downturn (given their confirmed scaled standing) and, in lots of instances, have talked about managing a combination of investments and potential for capital returns to raised align with present investor focus,” Goldman’s analysts, led by Eric Sheridan, mentioned on Might. 20. Learn extra Tech investor Jim Breyer says he is including Microsoft on weak spot and can maintain it for years These are the most affordable tech shares as we speak following the extreme drawdown within the sector Inventory picks Goldman named its “prime picks centered on giant caps that may climate [the] risky surroundings.” The analysts’ “prime decide for 2022” is Amazon , which they mentioned is uncovered to a “multitude” of broader development traits together with promoting, cloud computing and media consumption. Amazon’s demand stays robust, in accordance with the financial institution, whereas nearly all of the e-commerce sector has seen weakening demand. The financial institution has a value goal of $3,700 on the inventory, which closed at $2,221.55 on Might 26 — a possible upside of 66.6%. Goldman additionally likes trip hailing agency Uber . Whereas the corporate’s better-than-expected outcomes haven’t led to a significant observe via in its share value, Goldman believes the corporate has the potential to attain topline development of greater than 20% over the subsequent 3-5 years from its platform publicity to move and native commerce, Sheridan mentioned. The financial institution has a value goal of $55 on the inventory, which closed at round $23 on Might 26, representing a possible upside of 139%. Fb guardian Meta additionally made Goldman’s record. “We see a a lot better panorama for development and margin stabilization in [the second half of 2022] as administration’s feedback on the Q1 earnings name struck a optimistic tone on development, investments & capital returns,” Sheridan mentioned. Goldman’s value goal of $300 on Meta implies a possible upside of 57% to the inventory’s closing value of round $191 on Might 26. Rounding off Goldman’s record is Alphabet . The financial institution sees the corporate’s digital promoting platform as a “robust performer,” and believes the corporate’s different items, equivalent to Google Cloud and “Different Bets,” may scale and obtain sustained revenue development within the coming years. Goldman has ascribed a value goal of $3,000 on the inventory. Shares of Alphabet closed at round $2,155 on Might 26, suggesting that the inventory may nonetheless rise an additional 39.2%, in accordance with Goldman’s estimates.

A Goldman Sachs Group Inc. emblem hangs on the ground of the New York Inventory Change in New York, U.S., on Wednesday, Might 19, 2010.

Daniel Acker | Bloomberg | Getty Pictures

Goldman Sachs has named 4 “compelling” shopping for alternatives in tech after a blended bag of first-quarter earnings. The shares supply stable topline development and usually tend to prevail amid the present market volatility, the financial institution mentioned.



Source link

Related

Tags: GoldmanmarketPicksSachsstockTechTopVolatilityweather
ShareTweetSend

Related Posts

Business

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

June 22, 2022
Business

Supreme Court Rules on Public Funding of Religious Schools

June 22, 2022
Business

Lockheed can deliver F-35 to Germany from 2026, sees more orders in Europe By Reuters

June 22, 2022
Business

Tesco Stock: Undemanding At 12x Earnings; 4.3% Dividend Yield (OTCMKTS:TSCDF)

June 22, 2022
Business

Oil prices skid as US President Joe Biden pushes for fuel cost cuts

June 22, 2022
Business

Oil Declines as Slowdown Risks Weighed Against Robust Demand

June 22, 2022
Load More
Next Post

Cardi B Claps Back At Commenters On Twitter

European Command nominee doesn’t foresee more troops there under expanded NATO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn ontology for data integration and NLP

LATEST UPDATES

Lluvias sacan a la luz vulnerabilidad habitacional en Cuba – Chicago Tribune

June 22, 2022

Kim Kardashian and Anna Wintour Are ‘Twins’ With Bob Hairstyles

June 22, 2022

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

June 22, 2022

I feared seeing naked people in my neighbour’s garden after they built 8ft decking – so I MOVED house

June 22, 2022

Yes, a recession looks inevitable. But will it be that bad?

June 22, 2022
Load More
Now And Then News

Get the latest news and follow the coverage of breaking news, local news, national, politics, and more from the world's top trusted sources.

Categories

  • Business
  • Defense
  • Entertainment
  • Health
  • International
  • Lifestyle
  • National
  • Politics
  • Sports
  • Technology
  • Travel
  • Uncategorized

Site Map

  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Recent Posts

  • Lluvias sacan a la luz vulnerabilidad habitacional en Cuba – Chicago Tribune
  • Kim Kardashian and Anna Wintour Are ‘Twins’ With Bob Hairstyles
  • Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

Copyright © 2021 Now And Then News .
Now And Then News funded by Vnome LLC, participates in the Amazon Services LLC Associates Program,
which is an affiliate advertising program designed to provide a means for websites to earn advertising fees by advertising and linking to amazon.com.

No Result
View All Result
  • Home
  • National
  • International
  • Politics
  • Defense
  • Business
  • Health
  • Sports
  • Technology
  • Entertainment
  • Lifestyle
  • Travel

Copyright © 2021 Now And Then News .
Now And Then News funded by Vnome LLC, participates in the Amazon Services LLC Associates Program,
which is an affiliate advertising program designed to provide a means for websites to earn advertising fees by advertising and linking to amazon.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In