Since the passage of the GOP tax law, Goldman Sachs has been on a dogged quest to identify the areas of the stock market set to benefit most.
It’s a more difficult task than it seems. After all, with the overall corporate tax rate lowered to such a degree, every company should theoretically be getting some relief. So which ones stand out?
Goldman has its sights set on companies that, first and foremost, are sinking a large portion of their tax savings back into their own businesses. The firm notes that, since the start of 2016, investors have been specifically rewarding companies that prioritize capital expenditures (capex) and research & development (R&D).
