Goldman Sachs Bullish on These 2 Stocks for 80% Upside (Or More)

Goldman Sachs Bullish on These 2 Stocks for 80% Upside (Or More)

The markets started 2022 with heavy losses – but the last two weeks have seen sharp gains that have lifted stocks back out of correction territory. The S&P 500 is up 11% from its March 14 trough, while the NASDAQ, which had fallen farther, had gained 16% in the last couple of weeks.

Goldman Sachs' David Kostin sees an interesting pattern, as we go forward. According to the chief US equity strategist, institutional investors will pull back, while households will be the major source of purchase activity in equities this year.

“Leveraged investors have participated in the current sell-off by aggressively reducing their equity exposure... In contrast, households have bought $93 bn in US equity funds YTD. Households will continue to deploy some of their $15 trillion in cash holdings into the equity market... We forecast pension and mutual funds will be net sellers of $900 billion of equities.”