SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds
SEEKING ALPHA reports: With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed ...
SEEKING ALPHA reports:
Return on equity for the broader market has been lackluster for the past three quarters and this year will likely see drop in median S&P 500 (SP500) (NYSEARCA:SPY) ROE, according to Goldman Sachs.
“An upwards inflection in S&P 500 ROE will be difficult to achieve in 2023, as headwinds from a higher cost of capital and higher taxes will place further strain on profitability,” equity strategist David Kostin wrote in a note.
Goldman is rebalancing its ROE growth basket, which outperformed S&P 500 ROE by 10 percentage points in 2022.
The basket “is sector neutral to the S&P 500 and contains 50 stocks with the highest consensus-expected ROE growth during the next 12 months,” Kostin said. “The median stock in the basket is expected to grow ROE in the next 12 months by 12% vs. -6% for the median S&P 500 company.”
The stocks in the growth basket by sector are…
The full post is here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Indian trade disrupted as port congestion forces liner services to skip calls
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Flexport's newly liveried aircraft ready as business looks up
Rail strike looming in Canada: it will come 'at the worst possible time'
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Comment on this article