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Goldman’s list of winners and losers after a Fed rate hike

Priceline, Google, Apple are poised to win after interest rates rise

Bloomberg via Getty Images

A Federal Reserve interest-rate hike will be a boon to “quality” stocks with strong balance sheets while those with high floating rate debt are likely to lag.

Goldman Sachs published a list of stocks to buy and dump ahead of an impending Federal Reserve interest-rate increase, which the investment bank expects in December.

“The ‘wisdom of the crowds’ as represented by fed funds futures currently assigns just a 28% probability that the Fed will hike this month, compared with a 60% probability of a raise by December,” said David Kostin, chief U.S. equity strategist at Goldman Sachs, in a report.