Where is the "safe haven" in the US stock market? Goldman Sachs: Buy these, sell these next year!

Zhitong App has learned that in a stock research report on the outlook for 2024 released by Goldman Sachs on Tuesday, it was stated that it will not be easy for the market to rise next year. However, in this market that is more conducive to stock selection rather than macro predictions, Goldman Sachs listed 6 stocks worth buying. Goldman Sachs analysts wrote, "We believe that the reduction in non-cyclical borrowing this year is a headwind for cash flow, which should weaken significantly next year."

In their view, the valuation of segmented industries is not so obvious, and interest rates are unlikely to be a "meaningful swing factor for industry performance."

Therefore, according to Goldman Sachs, the following specific stocks will outperform the sector: Estée Lauder Companies (EL.US), Dollar General Corporation (DG.US), and Bath & Body Works Inc. (BBWI.US) - Goldman Sachs analysts expect these lagging companies to rebound in 2024. Other companies called to buy include Walmart (WMT.US), Constellation Brands Inc. (STZ.US), and Lululemon Athletica (LULU.US), which have emerged as winners due to "brand resonance, superior scale, or favorable business models."

Finally, Goldman Sachs analysts recommend selling stocks that are facing growth difficulties - General Mills Inc. (GIS.US), Restoration Hardware (RH.US), and Williams-Sonoma (WSM.US) - because "as renovation work continues and growth prospects weaken, the food industry is deteriorating, and the bulk purchase market seems to be facing another challenging year."