Investors are now telling companies to invest in growth, not their own stocks, Goldman Sachs finds

The article says the stock market is rewarding companies that pursue secular growth opportunities rather than relying on financial engineering to boost shareholder returns. The emphasis is on business fundamentals and long-term growth over buybacks or other capital return tactics. The message is broadly positive for growth-oriented companies, but it contains no specific earnings, valuation, or macro data.

Analysis

The article says the stock market is rewarding companies that pursue secular growth opportunities rather than relying on financial engineering to boost shareholder returns. The emphasis is on business fundamentals and long-term growth over buybacks or other capital return tactics. The message is broadly positive for growth-oriented companies, but it contains no specific earnings, valuation, or macro data.