What's in a Goldman portfolio of stocks with strong profitability that beat the market last year
Few stocks — or industries — outperformed the market against 2022's tough macroeconomic backdrop, but one portfolio from Goldman Sachs crushed it and may have further room to shine in 2023. Last year marked the roughest year for stocks since 2008 , with the tech-heavy Nasdaq Composite and S & P 500 tumbling 33.1% and more than 19%, respectively.
Late last year, the Federal Trade Commission moved to block Microsoft's attempt to take over Activision Blizzard, claiming that it would violate U.S. law. The tech giant first announced the $68.7 billion all-cash deal in January . Energy stock Halliburton went on a tear in 2022, soaring more than 72% in an environment defined by volatile oil prices. Looking ahead, Halliburton's expected to grow ROE by 12%. Shares have already risen 8.4% in 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs profit drops sharply and misses estimates, stock dipsGoldman Sachs Group Inc. stock is down about 1.7% in premarket trades after the investment bank reported sharply lower fourth-quarter earnings that missed...
Read more »
Stocks bonds options to buy in 2023: Goldman Sachs strategy outlookGoldman Sachs lays out its strategy for profiting with stocks, bonds, and options in 2023 despite a rocky year — and why investors shouldn't make any big strategy changes
Read more »
We could see another USD/JPY sell-off of roughly 3% – Goldman SachsAs markets brace for Wednesday’s Bank of Japan (BoJ) monetary policy meetings, multiple investment banks and analysts convey their forecasts for the U
Read more »
Goldman Sachs is set to report fourth-quarter earnings — here's what the Street expectsHow long will the investment banking drought last? That's one of the top questions analysts will have for Goldman CEO David Solomon.
Read more »
Goldman Sachs misses profit estimates on dealmaking slumpGoldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
Read more »