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Goldman: Buy Netflix, Nvidia and other growth stocks as higher rates stifle earnings

Goldman Sachs encouraged its clients to invest in high-growth stocks, predicting that higher interest rates in 2018 will cause earnings growth to slow and therefore placing a premium valuation on such companies.

"The majority of the recent market rally has been driven by higher earnings rather than valuation expansion," wrote Goldman Sachs chief U.S. equity strategist David Kostin. "Going forward, we expect growth to...


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