Goldman Sachs: Buy these 17 stocks with strong international exposure to profit from the economic recoveries of China and Europe
Goldman Sachs says stocks with greater exposure to China or Europe are beating US-focused stocks.That's partly why he believes stocks in China and Europe have more upside than the S&P 500.place to invest for a long time, but experts who think that's going to change in 2023 can certainly come up with a long list of reasons why international stocks are poised for outperformance.
"The growth outlooks in China and Europe have improved markedly" thanks to the end of China's zero-COVID policies and falling gas prices in Europe, he wrote."Our economists upgraded their GDP forecasts in both regions and no longer expect a Euro area recession this winter." Kostin said that Goldman's Asian equity strategists think profits will grow 13% this year, and they're forecasting a 9% gain for the MSCI China index.
He added that stocks with high international exposure — not just exposure to China — were outperforming their US-centric competitors for the same reasons. For instance, Europe has benefitted from the reopening of China's economy, as well as a milder than expected winter.
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