As the Federal Reserve hopes to engineer a “soft landing,” effectively steering the economy clear of recession while reducing inflation, companies like Tesla could benefit greatly — so much so, in fact, that one investment firm has chosen Tesla amongst a list of companies that could be well-poised if the Fed succeeds.
Photo by Zach Shahan | CleanTechnica
Tesla is one of 46 companies to make a recent Goldman Sachs list of stocks that would benefit from Fed hopes for a soft landing, following recent interest rate hikes, according to The Street. The list focuses on companies with over $5 billion in market capitalization in cyclical industry groups, with a few other stipulations for inclusion.
The Altman Z-score index determines how close companies are to bankruptcy, with higher scores representing lower chances of bankruptcy. The list from Goldman Sachs includes Russell 3000 companies that are profitable with Altman Z-scores…
