A key rate for banks has jumped to the highest since the financial crisis, but Goldman Sachs isn't worried
April 03, 2018 at 08:52 AM EDT
Companies with high levels of short-term debt have been getting hit especially hard during the recent stock market selloff and thus could present great buying opportunities later, according to Goldman Sachs strategists. Among the companies most affected by the rise in rates: Stanley Black & Decker, Vulcan Materials, Campbell Soup, Colgate-Palmolive, Martin Marietta and Textron.