Goldman created a 'high quality' stock portfolio for weak economies — Here's what's in it

Ulta Beauty store.
Scott Mlyn | CNBC

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If the economy is about to slow because of the coronavirus, investors might look to companies with strong fundamentals and stable earnings to ride out the volatile year.

Goldman Sachs created a "high quality stocks" basket for clients that contains 50 sector neutral large-cap stocks with strong balance sheets, histories of stable sales and earnings growth, and above-average return on equity.

"In weak or uncertain macroeconomic environments investors should place a premium on the stability and safety of these companies," Goldman Sachs said in a note to clients.

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