"29 Shades" of Goldman Sachs Likes Energy Stocks, Not Energy

Recent research note says overweight energy, telecom and technology, underweight financials, consumer stables and industrials

With the stock market finally positive on the year – the S&P 500 high an all time new high, up 2 percent recently – and with “50 Shades of Grey” a top performing movie over the weekend, beating expectations, Goldman Sachs wrote “29 Shades of our allocation model,” highlighting what the investment bank likes and does not like in its equity relationships.

The position Goldman likes at this time is overweight exposure in energy, telecom and technology, with the dominate investment bank eyeing a 12 month commitment on its...