The Goldman Sachs Group, Inc. (NYSE:GS) was among Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors.
Cramer mentioned the company while discussing why people have “lost faith” in bank stocks, as he stated: I want to find an antidote to some other, maybe some other sectors, where growth stocks in non-growth sectors are now being thrown away
I want to be systematic about it, so here’s what I thought. I drew up a list of the worst-performing sectors in the S&P 500 this year, looking for stocks that seem way too out of favor within those sectors. The most miserable part of this market right now are the banks.
People have lost faith in the bank stocks because of credit worries. Nothing drives buyers away like credit issues. And with the economy weakening thanks to the price of gasoline, we have to ask ourselves which financials can withstand the pressure.