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Goldman Sachs Encourages Investors To Sell Apple And Other Stocks

Goldman Sachs
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EDITOR NOTE: If you’ve been riding the tech wave, now may be the time to lighten your load. With a new presidential administration, more lockdowns underway, and with tech asset values potentially overvalued,  sector rotation is on the way. Here’s Goldman Sachs’ take on the goings on of the market, Note that CFRA and FactSet also expect tech to largely underperform, at least for the coming quarters.

With 2020 quickly coming to an end, Goldman Sachs screened its stock coverage universe for names that investors should nix from their portfolios in 2021.

The firm highlighted stocks that it has a sell rating on, and which have at least 10% total return downside according to its analysts. Goldman also believes each company carries the risk of an earnings miss, with the firm’s 2021 earnings estimates at least 5% below consensus estimates.

Here are some of the names on the list:

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All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice.

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