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Goldman Sachs says these 15 stocks are poised to explode higher as the economy thrives, based on an exclusive metric it developed

Goldman Sachs says these 15 stocks are poised to explode higher as the economy thrives, based on an exclusive metric it developed
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Goldman Sachs says it's found a way to target the S&P 500 stocks that will benefit the most from continued and sustained economic growth.




That framing fits with the firm's view that the economy is going to improve this year, meaning those companies are very strongly positioned.




To find those promising companies, Goldman created a measurement called the growth investment ratio, which compares each company's capital and R&D spending to its cash from operations.




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Everyone talks about investing for the long term, but how can that be measured? Which companies stand apart from the rest in planning for the future?
Goldman Sachs says it's developed a method to answer those questions, and calls it the growth investment ratio. It's based on the idea that the companies most aggressive about investing in their businesses will be best-positioned to take advantage of future economic growth.
"We calculate a firm's growth investment ratio as its total capital expenditures less depreciation ("growth capex"), plus R&D as a share of its cash flow from operations," wrote David Kostin, the firm's chief US equity strategist.
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