Goldman Sachs Bets on These 3 “Strong Buy” Stocks

Goldman Sachs Bets on These 3 “Strong Buy” Stocks

The stock market’s recent meltdown has been based on a potent combination of omicron fears, rising inflation, and the prospect of the Fed hiking rates at a rapid pace in an effort to curb the surge. As such, the real prospect of a bear market has reared its ugly head.

However, Goldman Sachs’ chief global equity strategist Peter Oppenheimer does not think it is time to sound the alarm; Oppenheimer believes any rate hikes this year won’t be too steep. This should mark the current period as a correction which will allow the bull market to continue, rather than signifying the beginning of a new down cycle. In fact, the strategist has some simple advice for investors.

"Any further significant weakness at the index level should be seen as a buying opportunity, in our view, albeit with moderate upside through the year as a whole," Oppenheimer wrote.