Today’s Quick Pick is Goldman Sachs (GS). This is not a cheap stock. Goldman has had a good run in 2024 and is up 55% year to date. But this is the stock to use play the financial deregulation policies of the Trump administration. We’re moving from Biden’s administration that had a relatively high degree of scrutiny in merger and acquisition deals to an administration that will come close to approving any deal Wall Street proposes. The deal pipeline is full. Companies that were waiting on the election results to move deals forward will start the process as soon as the new President is inaugurated. Running an M&A deal is incredibly lucrative for an investment bank. Goldman Sachs is a big player in this market and will benefit from doing M&As and LBOs. This pick is how I’ll be playing the Trump financial deregulation and I’ll be adding it to my Jubak Picks portfolio tomorrow.
Here is the link to today’s video: https://youtu.be/uDGJZeBxEg4
