large-cap stocks: Part 2 covers mid-cap stocks and part 3 covers small-caps, according to Market Watch. What a difference a year makes. This article covers large-cap stocks. At this time in 2018, investors were in the midst of a crumbling stock market on fears of an impending recession. With hourly wages continuing to rise at a faster rate than the economy is growing, and unemployment at its lowest rate 3.5% in 50 years, Goldman Sachs recommended investors focus on companies with low labor costs relative to revenue. Fast-forward to Dec. 9, 2019, and the S&P 500 Index SPX, 0.01% was up 27.5% for this year, while the Dow Jones Industrial Average DJIA, 0.01% was up 22.5%. The estimated GDP growth rate for the third quarter was 2.1%, and the November employment figures were full of very good news.
(news.financializer.com). As
reported in the news.
Tagged under large-cap stocks, labor costs topics.