Goldman says buy these cheap stocks with healthy fundamentals during this sell-off

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Goldman says buy these cheap stocks with healthy fundamentals during this sell-off

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, as well as some under-the-radar names like Advanced Drainage Systems . Goldman noted that cyclical stocks underperformed defensive names last week, showing that “macro” is driving equity returns. Once investors’ focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. “While the next jobs report will not be released until Sept. 6th, investors will focus on jobless claims every Thursday, retail sales and WMT earnings next Thursday, and the labor components of Fed surveys later this month,” stated the note. “If the data confirm our economists’ optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas.”

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#Goldman #buy #cheap #stocks #healthy #fundamentals #selloff

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