Image may be NSFW.
Clik here to view.
With stock prices near all-time highs, investors have grown increasingly uncomfortable about where the markets may head in the near-term.
Perhaps the better idea is to think long-term.
In a new report titled, "The Search for Creative Destruction," the analysts at Goldman Sachs do just that.
"We showcase eight secular disruptive themes that we believe possess the potential to command greater attention in the coming years," wrote lead analyst Robert Boroujerdi. "Indeed, these stories through product or business innovation are poised to transform addressable markets or open up entirely new ones, offering growth insulated from the broader macro environment and creating value for their stakeholders, in our view."
Goldman's themes cut across all industries from manufacturing to finance to tobacco.
We've put together the most important data within each "destroyer," describing what it does and quantifying its growth potential.
Thanks to Goldman Sachs for giving us permission to feature their charts.
Creative Destroyer 1: E-Cigarettes
Image may be NSFW.Clik here to view.
Goldman's Judy Hong describes e-cigarettes as basically all the good stuff about regular cigarettes but none of the bad. "Imagine a product that is possibly >99% less harmful than cigarettes, delivers a similar user experience and offers a better economic bargain—this is the proposition of electronic cigarettes (e-ci gs)."
Source: Goldman Sachs
E-cigarettes could grab a tenth of the entire tobacco market.
Image may be NSFW.Clik here to view.
E-cigs yield higher margins for manufacturers and retailers as they aren't subject to excise taxes or settlement payments. Hong estimates they could hit $10bn in sales over the next several years, compared with more than $1bn this year, while grabbing 10% of the overall tobacco market (and 15% of market profits).
Source: Goldman Sachs
Here's Hong's growth outlook for e-cigs.
Image may be NSFW.Clik here to view.
See the rest of the story at Business Insider
