Goldman raises earnings forecast, sees stocks with the best operating leverage leading the way

A strong earnings season shows the recovery from the Covid pandemic is well underway and should continue in the months ahead, at least for some of the country's biggest companies, according to Goldman Sachs.

David Kostin, the firm's chief U.S. equity strategist, said in a note Monday that his team hiked its 2021 S&P 500 earnings estimate after seeing stronger-than-expected results for the final months of last year.