Buy Raw Materials Equities, Goldman’s Oppenheimer Tells F&W

Goldman Sachs Group Inc. (GS) recommends buying raw materials stocks as commodities including oil, zinc and copper rally, Finanz und Wirtschaft reported, citing Peter Oppenheimer, chief global equity strategist at the bank.

Many of the raw materials stocks are undervalued in comparison with Goldman’s forecasts for commodity prices, Oppenheimer said.

The Stoxx Europe 600 Index benchmark may advance about 10 percent over the next six months and 15 percent over 12 months, according to Goldman’s predictions reported by F&W.

For Related News and Information: Top Stories on Stocks: {TOPD} Top Stories on Commodities: {TOP CMD}

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net.

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.