Diversification is working in a 'pick and mix' stock market, says Goldman Sachs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2024
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Source: MarketWatch
- Stock Market Environment Shift: The stock market has become more diverse with various styles, sectors, and regions performing well this year, a change from the past decade.
- Goldman Sachs Analysis: Goldman Sachs strategists describe the current market as a "pick and mix" environment, indicating a shift from the previous trend of market concentration.
- Diversification Trend: The zero-interest rate era led to increased equity market concentration, but now diversification is proving to be successful again according to Peter Oppenheimer, chief global equity strategist at Goldman Sachs.
Analyst Views on XLU
Wall Street analysts forecast XLU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 42.710
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Current: 42.710
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
