Company Overview - Goldman Sachs, founded in 1869, is the world's second-largest investment bank by revenue and ranks 55th on the Fortune 500 list of largest U.S. corporations by total revenue [1] - The firm offers a range of services including financing, advisory services, risk distribution, and hedging for institutional and corporate clients, maintaining its leadership in the investment landscape [1] Market Insights - Timothy Moe, Chief Head of APAC Equity Strategy at Goldman Sachs, highlighted a historical pattern of market corrections occurring every eight to nine months, indicating that the market is overdue for a correction [2] - The firm is increasingly focusing on the energy sector, predicting that while prices may remain flat or decline this year, they could rise starting in 2027 [2] Investment Recommendations - Goldman Sachs has identified five top stocks for investors to consider, particularly emphasizing two companies in the energy sector that are expected to perform well in the future [3] - The firm maintains its status as a premier financial institution, being the go-to bank for a wide range of financial needs over the past 15 years [4] Stock Highlights - Brixmor Property Group: This REIT offers a 4.31% dividend and has a target price of $32, indicating a 23% upside potential [5][7] - Duke Energy: An electric power and natural gas holding company with a 3.52% dividend and a target price of $141, representing a 20% gain from current levels [8][9] - Hershey: A snacks company with a 2.77% dividend and a target price of $220, suggesting a 21% potential increase [10][13] - Johnson & Johnson: A diversified healthcare company with a 2.31% dividend and a target price of $240, indicating a 16% upside [14][16] - Valero Energy: A multinational manufacturer of petroleum products with a 2.43% dividend and a target price of $197, representing a 19% gain [17][20]
Goldman Sachs Says Correction Could Be Coming: 5 Safe Dividend Stocks From the Conviction List