Goldman Sachs: Sell-off is "overdone"

With 48 percent of the S & P 500 reporting, quarterly revenue is up 22.5 percent from the same period a year ago, according to FactSet. However, some corporate representatives have expressed concern about the way forward, especially if the impact factors and rising interest rates will grow.

The cost said that some of these concerns are justified. For example, the Goldman figures, GDP will start to cool soon, eventually ebbing to 1.6 percent growth in the fourth quarter of 2019.

"But not all assets point to an imminent economic downturn," he said and cited railroad as. Credit card spreaders have not been expanded to a degree that indicates a significant decline.

Companies have been in a quiet period for buybacks, but it will be coming soon. Goldman has forecast total repurchases this year of around $ 1[ads1] trillion, as it expects to support the company's 2850 prize targets for the S & P 500.

Kostin reiterated its recommendation that investors stay at top quality businesses – low debt levels, stable sales and earnings growth, high return on equity and low risk of market acceptance.

This group will typically surpass when the economy slows down in the recent stages of the business cycle.

These names include Accenture, Alphabet, Mastercard and Ross Stores.