These stocks win when interest rates rise, according to Goldman

Interest rates are on a tear this week, sending stocks toward their biggest weekly loss since March. But some names could stay above the fray because of their historical track record of winning when yields climb. The benchmark 10-year Treasury yield reached its highest level in sixteen years this week, boosted by the Federal Reserve's plan to keep rates higher for longer, as well as continued signs of strength in the jobs market.

CRM YTD mountain Salesforce stock. Airplane giant Boeing , meanwhile, has ticked up roughly 5% from the start of 2023. The company said in August that a flaw with fastener holes in its 737 Max will slow down deliveries . The company reported mixed quarterly results in July with an earnings miss and a revenue beat . Shares have lost nearly 9% from Monday. BA YTD mountain Boeing stock. In the materials basket, fertilizer producer Mosaic stock has slipped more than 15% from the start of the year.

Source: News Formal (newsformal.com)

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