"Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. Goldman Sachs is the acknowledged leader in the investment landscape on Wall Street and worldwide."
"Goldman Sachs Timothy Moe, the firm's Chief Head of APAC Equity Strategy, noted the long gap of over nine months between now and the last correction in 2025, and said that the "Historical clock is ticking: in terms of markets being overdue for a correction and citing growing global geopolitical tension and the possibility of additional tariffs on European goods." He also reminded viewers that over the last 25 years, we have experienced a 10% correction every eight to nine months."
"With the potential for a correction over the next few months, we decided to screen the Goldman Sachs January Conviction List of the firm's top stocks, looking for safe ideas investors can rotate into that also pay outstanding, reliable dividends. Five top companies are solid bets for investors now, and two are in the energy sector that Goldman Sachs is optimistic about for the future."
Goldman Sachs, founded in 1869, ranks as the world's second-largest investment bank by revenue and sits 55th on the Fortune 500 by total revenue. The firm provides financing, advisory services, risk distribution, and hedging for institutional and corporate clients and maintains a leading research department that supplies investment ideas to institutional and high-net-worth clients. Goldman Sachs highlights a more-than-nine-month gap since the last correction and cites rising geopolitical tensions and potential additional tariffs on European goods. Historical patterns show roughly a 10% correction every eight to nine months, and the research team is increasingly focused on the energy sector with potential price gains by 2027.
Read at 24/7 Wall St.
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