Goldman Sachs likes these stocks that are growing profitably

As the equity market’s profitability nears its all-time highs, Goldman Sachs recently shared some stocks that could see big growth over the next 12 months. Expanding margins and asset turnover boosted the S & P 500’s trailing four-quarter return on equity to 20.8% last year, pushing the measure into its 98 th percentile versus history. The 85-basis point increase in 2023 comes after a 214-basis point contraction in 2022, “reflecting a stabilization in profitability,” wrote Goldman Sachs chief U.S. equity strategist David Kostin. Return on equity, or ROE, is a common gauge of a company’s profitability, and is measured by…