The adage that it “takes two to tango” is spot-on when discussing the U.S. economy this year. Much of Wall Street sees a recession, continued inflation (albeit lower than 2022), more interest rate hikes (which will bring the Federal Reserve’s terminal or final rate to 5.00% to 5.25%) and a host of other domestic and global issues. Those who see things through a more negative lens are the strategists that expect a hard landing for the economy. A new Goldman Sachs research report highlights stocks the firm feels will do well in a soft or hard landing. Note that the strategists at the bank are not as negative as others on Wall Street:
Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA. Bunge Ltd. (NYSE: BG) operates as an agribusiness and food company worldwide. It operates in the following segments. Constellation Brands Inc. (NYSE: STZ) is a leading global producer and marketer of beverage alcohol. Lowe’s Companies Inc (NYSE: LOW) has more than 2,000 stores in the United States and Canada. Microsoft Inc. (NASDAQ: MSFT) develops, licenses and supports software, services, devices, and solutions worldwide. Pfizer Inc. (NYSE: PFE) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide.
Source: Wall St. 24/7
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