Goldman Sachs thinks these are the best stocks to buy right now

Goldman Sachs thinks these are the best stocks to buy right now

Investors should lean toward owning stable stocks amid the increasingly volatile economic backdrop and hope for the best, fancies Goldman Sachs.

Goldman strategist Ben Snider said in a new note Tuesday that stable stocks — or ones that sport low share price and earnings growth volatility — are a must-own in this current moment. The strategist said the investment bank's basket of stable growth stocks has outperformed the S&P 500 by five percentage points during the past six months as economic risks such as rising inflation have risen.

These types of stocks "appear to have room to run," said Snider.