Goldman’s Hot New Stock Pick
So we admit that the title may be a bit ironic given the stock that Goldman Sachs has just recommended, but in many ways it is not because of the panic that currently sounds the retail industry, which is suffering from Amazon-phobia. The stock GS has just recommended is Walmart. Investors have not bought into Walmart's narrative despite the fact that the company is legitimately fighting back against Amazon, and that incredulity creates a big buying opportunity, says Goldman. Despite worries, Walmart is actually well-positioned, with strong ecommerce growth, improving store traffic, and 50% of its sales coming from online-immune food sales.
FINSUM : Amazon panic has reached a fever pitch across the market and we cannot help but think that there are a number of good discounts to be had. Walmart may very well be one of them.
- Goldman Sachs
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