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

Goldman Sachs Group Inc. 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.

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