How the S&P 500 Will Reach 3,000 and What Stocks to Buy


Perma-bull alert. 

Despite the return of neck-snapping market volatility in the first-quarter and various bearish Wall Street forecasts, Goldman Sachs (GS) is still bullish on the outlook for the S&P 500 . Makes sense, they have a large profit-hungry trading desk to feed.

Nevertheless, Goldman doesn’t think speculation over a recession will move anywhere past just that — talk and no reality. That, coupled with companies sitting on large amounts of cash and investments being made in innovation, are the ingredients Goldman thinks will drive the S&P 500 to 3,100 by the end of 2020. 


Source: Goldman Sachs Source: Goldman Sachs  

As for stock suggestions on the march toward higher highs on benchmark indices, as if often the case it pays to bet on companies investing for the long-term. Here is a tidy list from Goldman of companies putting their money where their mouth is, so to speak. 

Source: Goldman Sachs Source: Goldman Sachs


Tickers mentioned: (GM) , (UA) , (AMZN) , (STZ) , (DE) , (UTX) , (QCOM) , (NVDA) , (INTC) , (MU) , (GOOGL) , (VZ) . Goldman Sachs, Amazon, Constellation Brands, Nvidia and Alphabet are holdings in Action Alerts PLUS.

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