Goldman Team Says Asset-Heavy Stocks Outperform on AI Fears | Bloomberg
Bloomberg: The Goldman team said their basket of capital intensive stocks whose economic value derives from physical assets has outperformed a capital light group reliant on human or digital capital by about 35% since the start of 2025.
Investors are increasingly turning to stocks with what the strategists called the “HALO effect,” for heavy assets and low obsolescence, in sectors like utilities, basic resources and energy, the team including Guillaume Jaisson said in a client note.
ASML Holding NV, Safran SA, LVMH, Air Liquide SA and Airbus SE are among stocks the team selected in a basket of European capital intensive names. L’Oreal SA, Adyen NV, DSV AS and Siemens Healthineers AG are a few of those in the capital light basket.
“Markets are rewarding capacity, networks, infrastructure and that are costly to replicate and less exposed to technological obsolescence,” Jaisson wrote.
References
Disclaimer: Orignal content owned by or sourced from third parties. It does not represent the views of 'Nuggets' platform or it's team. AI is used extensively across this platform including for summaries. Accuracy is not guaranteed, there can be mistakes. Any info or content on this platform is not a financial, legal, or investment advice. Do your own research. Refer for complete disclosures:- Terms of Use · Full Disclaimer
Related nuggets
Jun 2, 2026
AI Is Escaping the Screen | 01 Jun 2026 | Coatue
Coatue : AI is entering a new phase: moving beyond digital tools and into fully autonomous systems operating in the physical world. From advanced manufacturing and surgical robotics to robots in the home, the next wave of innovation will b…
Jun 2, 2026
Kalshi Monthly Volume - Politics ($M) | Chart of the Day | Coatue
Coatue: Kalshi's political volume has scaled dramatically, and the American Power Index KPOW is what that scale enables: a single number gauge of the current balance of political power and where markets expect it to move, which Kalshi bill…
Jun 2, 2026
Partnership Perspectives: Network International | 2 Jun 2026 | Brookfield Perspectives
"Brookfield's the largest infrastructure owner in the world... We drew a pipeline and we showed all the different components of the payments ecosystem on a pipeline and said it's like a pipe that moves any commodity except what it's moving…
Jun 2, 2026