Investing
Goldman Sachs Lists Tech Picks & Pans (HPQ, IBM, STX, IM, EMC, AAPL, DELL, LXK, IVAC, MSFT)
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Goldman Sachs has issued a broader snapshot of what to expect from Q4 earnings now that we have seen some of the companies report. This is also ahead of the earning deluge next week. The bulge bracket firm believes that results will be mostly in-line with expectation from year end seasonality and a weak US Dollar. But Goldman Sachs is maintaining its defensive stance for enterprise-facing hardware stocks in early 2008 as CIO’s underspend on budgets in early 2008.
This actually outlines some of its favorite tech names that have double-digit earnings growth and P/E ratios under the S&P 500. Here are some of the picks below:
While it is positive on these names above, Goldman Sachs is negative on two companies that it doesn’t believe benefited from any spending. The two negative stocks noted are:
This also follows its raise yesterday where Microsoft (NASDAQ:MSFT) was raised to the Americas Conviction Buy List.
Jon C. Ogg
January 18, 2008
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