•Goldman Sachs identifies 'HALO' (Heavy Assets, Low Obsolescence) as the current vogue trade on Wall Street.
•Asset-heavy stocks are outperforming asset-light stocks as investors seek a hedge against artificial intelligence risks.
•The shift benefits physical, goods-producing industries, with Goldman's asset-heavy basket outperforming by 25 percentage points since November.
•Companies are added to the 'HALO' list based on their asset intensity ratios, calculated by assets (excluding cash and intangibles) divided by revenue.
•GE Aerospace, Disney, and Meta are among the new additions to Goldman's list of favorite asset-heavy stocks.
