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‘It’s Summertime’: Goldman Sachs Says Market Looks Resilient — Suggests 2 Stocks to Buy

TipRanks

Wed, Jun 4, 2025, 4:55 AM 6 min read

The Consumer Confidence index showed a sharp spike in May, jumping more than 12 points to a reading of 98.0. That marks a strong turnaround from April, when the index fell to its lowest level in nearly 14 years. Confidence was up after April economic data showed slowing inflation along with improvements in the jobs market.

That brings us to a recent note from Goldman Sachs, in which the market intelligence team gives an upbeat outlook on the current situation, pointing out that the US economy “remains resilient.”

Goldman’s stock analysts are running with this thesis, and recommending two stocks to buy for the summertime. We’ve looked them up in the TipRanks database, and found that the Street’s wisdom also gives both stocks a ‘Buy’ rating; let’s take a closer look and find out why.

Array Technologies (ARRY)

We’ll start with Array Technologies, a solar energy industry tech firm. Array’s specialty is developing solar tracking technology, particularly at the utility scale. Solar tracking systems allow photovoltaic arrays to follow the sun’s path across the sky, an important movement for maintaining maximum efficiency while generating energy. The various systems – which include both hardware and software – are key links in the solar energy chain, and make a vital contribution to keeping sustainable energy cost-effective.

Array has 30 years of experience behind it, and today boasts offices and markets in the US, Brazil, the UK, Spain, South Africa, and Australia. The company’s products include its flagship DuraTrack, which is designed for large, multi-row photovoltaic power arrays, as well as the STI H250 dual-row system for solar sites with fragmented installations, and the company’s newest tracking solution, OmniTrack, which adapts the DuraTrack technology to unlevel terrain, giving utility-scale energy producers greater flexibility in choosing locations for new solar arrays. Array also offers products for effective sky tracking, to maximize efficiency, and hail protection, to guard against inclement or extreme weather conditions. Array announced last month the introduction of its Hail XP system, designed to provide industry-leading hail and wind event protection in conjunction with the DuraTrack platform.

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