Goldman gets bullish big box retailers, likes target, home depot and walmart

by MR Magazine Staff

In a world of retail “winners and losers” Goldman Sachs is betting on big-box retailers it feels will shoot up over the next year. The firm recommends Target, Costco, Home Depot and Walmart among others because of their strong market share growth, defensiveness against an unknown trade war with China and years of investments finally paying off. “We are at an inflection point for several companies where we are starting to see a resumption of operating income dollar growth; demonstrating not only the strong top line execution but also a point of leveraging years of investment to become true omni-channel retailers,” Goldman Sachs’s Kate McShane said in a note to clients on Thursday. Read more at CNBC.