The S&P 500 is at an all-time high but the median stock is 13% below its high, a gap not seen since the dot-com bubble. If geopolitical tensions ease and energy prices recede, the base case is a broadening of earnings and stock performance across the market, making the broader market attractive.
With M&A announcements rising, companies likely to be acquired should trade at a valuation premium. Goldman analysts highlight three distinct groups where M&A activity and performance have been strongest: biopharma, broader tech, and a collection of stocks from other areas including industrials. All three groups have started to outperform.
With M&A announcements rising, companies likely to be acquired should trade at a valuation premium. Goldman analysts highlight three distinct groups where M&A activity and performance have been strongest: biopharma, broader tech, and a collection of stocks from other areas including industrials. All three groups have started to outperform.
With M&A announcements rising, companies likely to be acquired should trade at a valuation premium. Goldman analysts highlight three distinct groups where M&A activity and performance have been strongest: biopharma, broader tech, and a collection of stocks from other areas including industrials. All three groups have started to outperform.