economy
March 4, 2026
'HALO' is the trade in vogue on Wall Street right now. Here are Goldman's favorite stocks
These stocks are asset-heavy, which may make them more insulated from risks that emerge in an AI economy, the firm says.
TL;DR
- Investors are favoring 'HALO' (Heavy Assets, Low Obsolescence) stocks as a hedge against AI risks.
- Asset-heavy companies are perceived as more insulated from AI disrupting their business models.
- This shift has led to sharp equity market rotations, benefiting physical, goods-producing industries.
- Goldman Sachs' asset-heavy stock basket has outperformed the asset-light group by 25 percentage points since November.
- Companies are added to Goldman's asset-heavy list based on their 'asset intensity ratios'.
- GE Aerospace and Disney have been added to the asset-heavy basket, with industrials being a primary beneficiary.
- Meta also made the list due to the difficulty of replicating its social media properties.
Continue reading the original article