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Goldman says the sell-off is just about over and tells investors to get back into growth stocks
Goldman Sachs strategist David Kostin said there is "limited further downside" for stocks after the recent sell-off sent the Dow industrials down almost 6 percent.
Strong fundamentals, including rising earnings and return on equity, should limit the damage, he said.
Goldman continues to call for a 2,850 price target on the S&P 500, which would be about 3 percent higher from Friday's close.
Goldman is advising clients to shift to growth stocks with an emphasis on strong balance sheets.
Goldman Sachs strategist David Kostin said there is "limited further downside" for stocks after the recent sell-off sent the Dow industrials down almost 6 percent.
Strong fundamentals, including rising earnings and return on equity, should limit the damage, he said.
Goldman continues to call for a 2,850 price target on the S&P 500, which would be about 3 percent higher from Friday's close.
Goldman is advising clients to shift to growth stocks with an emphasis on strong balance sheets.
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