Goldman Sachs says buy the dip in these five stocks before it's too late
The Wall Street investment bank said this week investors should take advantage of recent declines in several stocks.
TL;DR
- Goldman Sachs recommends buying the dip in Alibaba Group, Burlington, Ulta Beauty, Aecom, and Viking.
- Ulta Beauty is seen as unfairly punished, with potential to gain market share despite a competitive beauty space.
- Burlington Stores is advised for purchase on weakness, with strong margin execution and operational levers expected to drive earnings growth.
- Viking Holdings is a compelling long-term buy, with differentiated geographic exposure and a higher-income demographic offsetting a choppier cruise environment.
- Aecom's de-rating is attributed to fears of AI disruption and uncertainty surrounding legacy construction projects, but these concerns are believed to be overstated.
- Alibaba Group is expected to see solid EPS recovery driven by its AI + Cloud business and a recovery in eCommerce profits.