Goldman Sachs Sees Opportunity in European Stocks Amid Strong Earnings
Goldman Sachs is positive on European equities due to their strong earnings growth and global reach, according to Sharon Bell, an equity strategist at Goldman Sachs. In a recent interview with Bloomberg Television, Bell stated that '15% earnings growth is pretty impressive.' This growth, combined with the fact that European companies have exposure to various assets in demand currently, has contributed to the firm's positive outlook.
Bell noted that European companies are global in their reach and have significant exposure to multiple markets. This diversification makes them attractive investment opportunities, especially considering the current economic climate. The firm's enthusiasm for European stocks is a notable shift from previous market trends, which often favor US-based companies.
The exact figures and specific assets or sectors that will benefit from Goldman Sachs' recommendation are not specified in the interview. However, Bell's comments provide insight into the firm's reasoning behind their positive stance on European equities.