Published on 24 Nov 2023 on Insider Monkey via Yahoo Finance

13 Stocks Insiders are Buying Now

In this article, we will take a look at the 13 stocks insiders are buying now. To see more such companies, go directly to 5 Stocks Insiders are Buying Now.

With the end of 2023 now in sight, many can say with confidence that the much-dreaded recession everyone was talking about will not realize this year. But can this optimism last until the next year? Goldman Sachs in its 2024 outlook report said that it expects the US economy to grow at a modest pace next year but it does not see a recession hitting the economy. Goldman Sachs expects that the S&P 500 index will end 2024 at 4700, which would represent a 12-month gain of 5%

Goldman Sachs also said that at the end of 2024 investors will look back and realize that “all they had to do” was to stay invested (isn’t that the case at the end of every year?). Goldman Sachs also said that the year 2023 has been “defined” by the rise of mega-cap tech stocks, now famously known as the Magnificent Seven. The firm believes the risk reward of these stocks could lose attraction in 2024 because of elevated expectations. Goldman Sachs also looked back at its predictions for 2023 and highlighted where it was right and wrong.