Goldman Sachs Group Inc (NYSE:GS) analysts David J Kostin, Stuart Kaiser, Amanda Sneider, Ben Snider, Rima Reddy and Aaron Woodside provide useful insights for investors in their monthly U.S. Chartbook, a research trove of actionable equity data.
Overview of year to date returns
S&P 500 (INDEXSP:.INX): +19.8%
Large cap Core MFs: +20.4%
Hedge funds: +3.5%
Russell 2000 (INDEXRUSSELL:RUT): +26.4%
Small Cap funds: +25.5%
Goldman Sachs S&P 500 forecasts
Next 3 months: 1750 (+4.1%)
Next 6 months: 1800 (+7%)
Year-end 2014: 1900 (+13.0%)
Goldman Sachs sector views
Overweight: Financials, Industrials
Neutral: Information Technology, Consumer Discretionary, Energy, Utilities, Materials, Telecom Services
Underweight: Healthcare, Consumer Staples
What’s working in 2013
Hot sales growth in 2013 – the top 10 companies
Hot EPS growth in 2013 – the top 10 companies / sectors
These large Equity Funds made their investors happy
(2013 returns in %)
T. Rowe Price New Horizons Fund (MUTF:PRNHX) – 37.2%
Fidelity Growth Company Fund Class F (MUTF:FGRFX) – 27.6%
T. Rowe Price Mid-Cap Growth Fund Class R (MUTF:RRMGX) – 26.5%
Vanguard PRIMECAP Fund Investor Shares (MUTF:VPMCX) – 26.4%
Fidelity Blue Chip Growth Fund (MUTF:FBGRX) – 26.0%
Mutual Funds by Style – Top Performers by 2013 Return %
Lipper Large Cap Core – Vanguard PRIMECAP Fund Investor Shares (MUTF:VPMCX) – 26.4%
Lipper Large Cap Growth – Columbia Select Large Cap Growth Fund Class Z (MUTF:UMLGX) – 31.2%
Lipper Large-Cap Value – Sound Shore Fund (MUTF:SSHFX) – 27.6%
Lipper Small-Cap Core – DFA U.S. Micro Cap Portfolio Institutional Class (MUTF:DFSCX) – 30.4%
Sector-wise Net Income Contribution to the S&P 500
Mark the bubbles!
Sector-wise Top Company based on 2014E Earnings Growth %
Consumer Discretionary – General Motors Company (NYSE:GM) – 33.8%
Consumer Staples – Archer Daniels Midland Company (NYSE:ADM) – 37.8%
Energy – Cabot Oil & Gas Corporation (NYSE:COG) – 69.8%
Financials – Bank of America Corp (NYSE:BAC) – 45.0%
Health Care – Forest Laboratories, Inc. (NYSE:FRX) – 74.4%
Industrials – Masco Corporation (NYSE:MAS) – 46.4%
Information Tech – Applied Materials, Inc. (NASDAQ:AMAT) – 64.8%
Materials – Alcoa Inc (NYSE:AA) – 52.7%
Telecommunication Services – Verizon Communications Inc. (NYSE:VZ) – 20.5%
Utilities – NRG Energy Inc (NYSE:NRG) – 37.8%
