Consumer Outlook 'Healthy' As Labor Demand Points To Wage Growth: Goldman Sachs
Portfolio Pulse from Michael Juliano
Goldman Sachs analyst Kate McShane reports a healthy consumer outlook for 2024, driven by strong labor demand and wage growth. Despite a higher unemployment rate, the surplus of jobs is expected to boost disposable personal income and consumer spending. McShane recommends stocks like Coca-Cola, Colgate-Palmolive, Sprouts Farmers Market, SharkNinja, and Royal Caribbean Group as they are insulated from risk factors.

June 12, 2024 | 4:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Colgate-Palmolive is recommended by Goldman Sachs analyst Kate McShane for its strong revenue growth and insulation from economic risk factors.
Colgate-Palmolive's strong revenue growth and low-price discipline make it a resilient stock in the current economic environment, as per Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coca-Cola is recommended by Goldman Sachs analyst Kate McShane due to its insulation from risk factors, driven by low-price discipline and strong revenue growth.
Coca-Cola's strong revenue growth and low-price discipline make it a resilient stock in the current economic environment, as per Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Royal Caribbean Group is recommended by Goldman Sachs analyst Kate McShane due to its strong revenue growth and insulation from economic risk factors.
Royal Caribbean Group's strong revenue growth and low-price discipline make it a resilient stock in the current economic environment, as per Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sprouts Farmers Market is recommended by Goldman Sachs analyst Kate McShane due to its strong revenue growth and insulation from economic risk factors.
Sprouts Farmers Market's strong revenue growth and low-price discipline make it a resilient stock in the current economic environment, as per Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SharkNinja is recommended by Goldman Sachs analyst Kate McShane for its strong revenue growth and insulation from economic risk factors.
SharkNinja's strong revenue growth and low-price discipline make it a resilient stock in the current economic environment, as per Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80