Highly Taxed Companies Need Trump to Deliver to Justify Post-Election Rallies
- Goldman index of high-tax stocks has beaten S&P since election
- Gauge seeing biggest outperformance since 2013 vs. benchmark
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To see what’s at stake in the U.S. equity market as Donald Trump prepares for inauguration, look no further than the torrid performance of companies perceived as benefiting most from corporate tax reduction.
Featuring companies ranging from CME Group Inc. to Gap Inc., the group has returned almost double the S&P 500 Index since the election and added $79 billion in value, according to a 49-stock basket maintained by Goldman Sachs Group Inc. The index, which includes companies with the highest tax rates, is coming off its biggest rally relative to the equity benchmark since 2013.