IT Most Undervalued Sector: Goldman Sachs
Information technology (IT) is the most undervalued sector in the S&P 500 (INDEXSP:.INX) according to Goldman Sachs’ latest Quarterly Chartbook. “We forecast the S&P 500 will end 2014 at 1900 (+3%), and believe Consumer Discretionary, Industrials, and Information Technology stocks will outperform the index. We expect US GDP growth to reach 3.0%,” the report says.
Goldman found that the implied EPS growth rate for IT has been 6.6% higher than the S&P 500 (INDEXSP:.INX) over . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible