See the full story in the original article.
Read the original on asiabulletin.com ↗
Keywords
Goldman Sachsluxury goodsconsumer goodsUS
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Global luxury goods industry set for recovery in 2027 , US to remain bright spot : Goldman Sachs
Goldman Sachs projects revenue at major listed luxury brands to grow 7% in 2027 after several years of sluggish sales, with the US remaining a bright spot as American consumers' appetite for luxury has picked up strongly. The report suggests post-Covid price hikes played a larger role in the slowdown than other factors such as China's property slump, 2025 US tariffs, higher interest rates and geopolitical tensions, with prices of traditional high-end brands up an estimated 60% between mid-2019 and mid-2026. Looking further ahead, it outlines seven factors, the 'seven Cs', that could determine luxury brands' growth, noting that larger brands have advantages in store locations and wealthy consumers are more resilient to slowdowns. It also highlights creativity, consistent brand identity and ownership structures, as many luxury businesses remain family-owned or family-run.
- Global luxury goods industry set for recovery in 2027 , US to remain bright spot : Goldman Sachs
Goldman Sachs expects revenues of a basket of large, publicly traded luxury-goods makers to grow 7% in 2027 after several years of sluggish sales, with the US seen as a bright spot. The industry has faced headwinds including China's prolonged property slowdown, US tariffs in 2025, higher interest rates, upcoming US midterm elections and the Middle East conflict. The report says sharp price increases after Covid-19 played a larger role, with prices of traditional high-end brands rising an estimated 60% between mid-2019 and mid-2026, which reduced consumer interest and store traffic. Meanwhile, American appetite for luxury goods has picked up strongly, narrowing the gap between high US wealth and previously low luxury spending. The report also outlines seven factors, the 'seven Cs', that could determine brand growth, including scale, the spending power of wealthy consumers, creativity and ownership structure.
- Global luxury goods industry set for recovery in 2027, US to remain bright spot: Goldman Sachs
Goldman Sachs expects revenues of major listed luxury brands to rise 7 per cent in 2027, a recovery after several sluggish years, with the US likely to remain the bright spot. Headwinds include China's prolonged property slowdown, US tariffs in 2025, volatile equity markets, higher interest rates and geopolitical tensions. The report blames sharp post-Covid price rises, which lifted traditional high-end luxury prices by an estimated 60 per cent between mid-2019 and mid-2026, and limited innovation for weaker demand, though new CEOs and creative directors are now working to revive interest. US luxury demand has picked up strongly despite high wealth, after years of low spending possibly linked to guilt or outlet culture. Goldman also outlined seven long-term growth factors, including store locations, product categories such as jewellery, wealthy consumers' resilience, creativity, brand identity and ownership structures.
- Gucci’s China Problem Drags Kering Deeper Into Luxury’s Slump
- Goldman says play defense with these stocks if you're worried about the AI bull failing
Goldman Sachs says investors worried that the AI trade may lose momentum should look to defensive stocks in health care and consumer staples, especially high-quality names that have recently lagged the market. Analysts led by Ben Snider note that Goldman's cyclicals-vs-defensives pair has fallen 6% over the past two weeks, and that AI capital spending now contributes about half of S&P 500 earnings growth, a share expected to shrink as spending slows. Among the stocks on Goldman's screen, Tyson Foods has an 11% trailing four-quarter free cash flow yield, the highest on the list, though its shares are down nearly 17% over six months. CVS Health has a 9% free cash flow yield and is up 15% this year but down 15% over the past three months. Goldman's base case still calls for continued earnings growth, and it sees possible catch-up gains in beaten-down consumer stocks in 2027, supported by lower energy prices and falling interest rates.
- Stocks to Buy : 23 Defensive Plays As US Economy Slows , Bull Market Falters
Goldman Sachs warns US stocks face a tougher 2027 as both economic growth and earnings growth slow. Q3 GDP is tracking 3.6% per the Atlanta Fed's GDPNow, down from over 6% earlier this summer. Goldman forecasts S&P 500 earnings growth falling from about 29% in 2026 to 18% in 2027, while market breadth has narrowed: 84% of index stocks trade at least 10% below their all-time highs, according to The Kobeissi Letter. Goldman highlights consumer-facing laggards, health care and consumer staples as areas of opportunity, since these have historically held up when growth is positive but decelerating. It lists 23 defensive stocks from those sectors, citing low realized volatility and high free cash flow yields.
Related markets
Latest news
- History Shows 1 Powerful Fact That Makes Me Bullish on VTI
The article argues that long-term investors can look past daily headlines, since the broader U.S. stock market has tended to grow over time, using the Vanguard Morningstar Total Stock Market ETF (VTI) as an example. The fund has been available since May 2001 and delivered average annual returns of 9.44% over 25 years and about 12.6% annualized over the past five years, including through the 2008 financial crisis and the dot-com bear market. VTI holds 3,519 stocks across small-, mid- and large-caps, though it has underperformed the S&P 500 and Nasdaq-100 over the past 10 years. The illustrative math shows a one-time $1,000 investment in 2001 growing to about $9,537, while $300 monthly would have reached about $325,555 and $500 monthly $542,592 after 25 years. The author stresses that past returns do not guarantee future results.
- Expert view: VN-Index has formed a short-term bottom, but this risk needs attention
VN-Index fell sharply in the first two sessions of the 19-23/10 week, at one point dropping to the 1,670-point area, before rebounding on broader buying late in the week to finish up 68.24 points (4%) at 1,774.15. Foreign investors net bought in 2 mid-week sessions but were still net sellers of about VND 969 billion over the five sessions. Mr. Bui Van Huy, CEO of FIDT, believes the market has likely formed a short-term bottom, citing the State Bank's request that banks cut deposit rates for terms of 6 months or longer by at least 0.5% per year and lower lending rates for priority sectors by 1.5-2% per year, along with a P/E excluding Vingroup of below or around 10 times. He cautions, however, that the bottom is not yet sustainable given risks from the Fed, global inflation and domestic inflation (September CPI up more than 5% year on year). He suggests investors consider buying in stages on market pullbacks, limit margin use and watch infrastructure and public investment groups.
- Berkshire Hathaway Stock Rose 10 Days in a Row in October for the First Time Since 2018. Here's What History Says Comes Next.
Class B shares of Berkshire Hathaway closed higher for 10 consecutive sessions from Oct. 1 through Oct. 14, rising from about $498 to $526, before the streak ended on Oct. 15. The stock later topped $547, surpassing the record close of $539.89 set in May 2025. Since 1998, such 10-day winning runs have occurred six other times, and in four of those six cases the shares were higher 12 months later. Under CEO Greg Abel, Berkshire has added to its Alphabet and Delta Air Lines positions and bought back about $4.4 billion of its own stock. The author notes the streak does not guarantee returns over the next 12 months, particularly with shares at a record high, but remains bullish on the company's long-term prospects.
- RBI does not target any price or level for rupee, says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said the central bank does not target any price or level for the rupee, but will keep taking necessary measures to curb speculation and excessive volatility and ensure orderly conditions in the forex market. Speaking at the NDTV World Summit 2026 in New Delhi, he said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made the work of central banks more challenging. He noted that global inflation is elevated and commodity prices are higher, while global growth is lower, at 3.1% this year according to the IMF. He stressed that price stability remains the primary responsibility of central banks, and that inflation in India has risen steadily, largely due to supply-side pressures, to 5.5%. The RBI has raised its policy repo rate by 25 basis points, and its top goal is to rein in inflation while ensuring financial stability.
- Intel (NASDAQ: INTC) Stock Price Up 1.7% – Here's Why
Intel shares rose 1.7% on Friday, trading as high as $87.87 and last at $86.96, versus a prior close of $85.49. Mid-day volume was 71,560,092 shares, down 38% from the average of 115,776,344. Supportive news included an FCC waiver allowing Intel to keep using foreign-made robotic devices and Wedbush's view that its Arizona chip plant could provide a potential boost. Investors are positioning ahead of the October 29 quarterly report, where strong server-CPU demand and recent price increases are cited as possible drivers, while Erste Group raised its fiscal 2027 EPS forecast to $1.59 from $1.56, above the consensus of $1.05. Risks include a third-quarter adjusted EPS outlook of $0.38, below the prior quarter's $0.42, analyst questions about foundry yields and scale, and Nvidia's expansion into CPUs. MarketBeat data shows a consensus rating of 'Hold' and an average target price of $107.73.
- DMCC announces former World Bank official as headline speaker for Dubai Precious Metals Conference
DMCC has confirmed Isabelle Strauss-Kahn, former senior official at the World Bank and Banque de France, as a keynote speaker at the 14th Dubai Precious Metals Conference, held on 16–17 November 2026 at Uptown Dubai. The Ministry of Foreign Trade is the strategic partner, and Minister Dr. Thani bin Ahmed Al Zeyoudi will deliver the opening keynote. Under the theme “Reshaping Global Precious Metals Markets,” the conference will address geopolitical tensions, trade flows, central bank reserve strategies and new financial technologies. Other speakers include David Tait of the World Gold Council, Louis Marechal of the OECD, Michael Lawrence of Asia House and Essa Alfalasi of Emirates Minting Factory.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.