Goldman Sachs Positive on Payment Stocks Ahead of Earnings

By EC Assets · Published

Goldman Sachs sees a positive outlook for payment stocks ahead of upcoming earnings reports. Strategists at the firm are turning positive on global stocks for the short term. This view is driven by strong earnings contributing to markets already trading near all-time highs. The U.S. stock market exhibits an unusual combination of strong headline performance and weak investor conviction. This creates potential for further gains and a catch-up rally among certain segments. Goldman Sachs also has a positive stance on Republic Services (RSG). The firm notes Goldman Sachs' positive earnings per share (EPS) revisions and strong return on equity can boost stock performance. Banking sector earnings loom large in the market. LVMH sales have underwhelmed expectations. ASML will report its third-quarter financial earnings on Wednesday, before the opening bell in Amsterdam, Netherlands. This article is intended for informational purposes only. It does not constitute investment advice.

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