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Tuesday Sector Laggards: Materials, Utilities

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?

The S&P 500 rose 1.2% in midday trading on Tuesday, its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%. Economic data indicated a deceleration in private sector growth in April. Fears for a potential Federal Reserve rate cut by the end of the summer jumped to 72% from 67% on Monday.

Top high growth investment ratio stocks from each sector - GS

Goldman Sachs analysts listed the top stocks in each sector with the highest growth investment ratio. Analysts said they forecast capex and R&D growth to slow from about 10% in 2023 to about 7% in 2024. Growth investment ratio is defined as a company's capex less depreciation plus R&d as a share of its cash flow.

U.S. equities see the largest net buying since late February - GS

U.S. Equities see the largest net buying since late February - Goldman Sachs. The S&P 500 was down for the third straight week and traded lower for six straight sessions. Bitcoin-sensitive stocks, winners of the last 12 months underperformed. Overall U.S.-based equities saw the biggest net buying of the year.

Monday Sector Laggards: Materials, Services

Stocks Set To Snap Worst Losing Streak In Nearly 2 Years, Gold Sinks, Bitcoin Reclaims $66,000: What's Driving Markets Monday?

Major U.S. Stocks are poised to break a six-day losing streak. At noon trading in New York on Monday, major indices all traded higher. Easing geopolitical tensions in the Middle East bolstered market sentiment. Gold plunged 2.5% to $2,330 per ounce, while silver tumbled 5%. Bitcoin rose above $66,000, on track for its highest close in a week.

Goldman’s buybacks basket: Buyback growth will be 13% in 2024

Goldman’s buybacks basket: Buyback growth will be 13% in 2024. Goldman Sachs analysts rebalanced their “buybacks basket” as 2024 buyback growth is forecasted to be 13%. S&P 500 (SP500) cash spending grew by 4% to $3.4T last year.

Goldman’s debt issuers stocks basket