Forget Europe: Market Pros Say It's Time to Buy US Stocks
• www.cnbc.com(Time for the PERFECT Cheer)
The "buy American stocks" trade is gaining backers by the day—including Goldman Sachs on Tuesday—as US economic indicators continue to show improvement and investors become less-focused on Europe.
“Cyclical areas of the U.S. economy improved in
late 2011 from low activity levels and we expect that trend to continue
in 2012 as auto sales improve and housing activity bottoms,” said
Goldman equity strategist David Kostin, in a note to clients.
“Select
companies exposed to those areas of the economy have attractive
risk-reward if activity normalizes, even without a strong recovery,” he
added.
Those stocks include Ford [F 11.80 --- UNCH 
], Ingersoll-Rand [IR 33.13 
0.68 (+2.1%) ], CSX [CSX 23.53 0.50 (+2.17%) ], Lowe’s [LOW 26.43 0.33 (+1.26%) ] and Toll Brothers [TOL 22.50 0.94 (+4.36%) ], according to Goldman.
], Ingersoll-Rand [IR 33.13 0.68 (+2.1%) ], CSX [CSX 23.53 0.50 (+2.17%) ], Lowe’s [LOW 26.43 0.33 (+1.26%) ] and Toll Brothers [TOL 22.50 0.94 (+4.36%) ], according to Goldman. Watch Streaming Broadcast Live:
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