Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
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UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Goldman Sachs told clients that stock picking is going be even more difficult the rest of this year due to macroeconomic concerns like the Federal Reserve's uncertain interest rate policy and China, but there are some stocks that can still outperform the crowd.
"Market uncertainty is likely to remain high as investors refocus on the timing of a first Fed hike, China's economic slowdown, and oil price volatility," Goldman strategist David Kostin wrote in a note to clients Friday. "Elevated uncertainty makes stock-picking more challenging ... and return dispersion remains low."
During the market turmoil of the last month where the S&P 500 dropped 10 percent in four days and then rallied 7 percent in four weeks, the typical stock in the index was 56 percent correlated to the benchmark, the highest level since 2011.
So, it's getting harder to find stocks that trade on their own merits.
But Goldman uncovered some stocks that statistically seemed to be more sensitive to company specifics, rather than macro movements and told clients to scoop those up. Among them: