"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 United States 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. We review the firm's Conviction List of top stock ideas monthly, seeking companies with the highest dividends and the safest profiles."
"Five current picks are ideal for investors concerned about the potential for a "drawdown" over the next one to two years, which seems likely given the three-year bull market has driven the stock market to record highs, with the Dow Jones Industrial Average closing above 47,000 and the S&P 500 surpassing 6,800. Analysts cited the cooler-than-expected inflation data and optimistic corporate earnings as factors supporting the continued melt-up. The positive news heightened expectations that the Federal Reserve may continue cutting interest rates."
Goldman Sachs, founded in 1869, ranks as the world's second-largest investment bank by revenue and 55th on the Fortune 500. The firm provides financing, advisory services, risk distribution, and hedging to institutional and corporate clients. The Conviction List highlights top stock ideas selected for high dividends and strong safety profiles. Five current picks are positioned for investors seeking protection against a potential one- to two-year drawdown after a three-year bull market that pushed major indices to record levels. Cooler inflation readings, upbeat corporate earnings, and expectations of Federal Reserve rate cuts have underpinned recent market gains. The firm notes bubble-like market features but identifies key differences driven by fundamental growth.
Read at 24/7 Wall St.
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