Need to Know: The upcoming earnings season could be volatile. Here are 12 stocks that can help you ride it out.

by | Oct 10, 2022 | Stock Market

A not-great start to the week is setting up for Wall Street, which is still smarting from too-strong jobs data and anxiously looking ahead to a CPI update. A fresh ratcheting up of tensions between Russia and Ukraine is not helping. Yet another avenue of worry for investors is the start of earnings season, which is where lots of strategists are swiveling to right now. But alas, relief may not be coming. S&P 500 earnings growth estimates could reach levels not seen since the third quarter of 2020, notes John Butters, senior earnings analyst at FactSet.

Our call of the day has suggestions on stocks to help ride out this reporting season, kicking off, starting with Goldman Sachs’ chief U.S. equity strategist David Koston who says: “Own stocks with high U.S. sales vs. firms with high foreign sales.” That advice may be obvious to some, given the dollar
has been a haven of choice in a turbulent 2022, up about 18%.

Goldman Sachs

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