In a recent Portfolio Manager Action Alertnote, Goldman Sachs‘ Robert Boroujerdi makes his case for income stocks.
He calls his specific strategy the “social contract” i.e. companies that should offer returns of at least 5% in 2013 through dividends and accretive buybacks.
The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?
