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 . . .
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