Goldman Sachs: 21 stocks returning cash to shareholders through buybacks and dividends, setting them up to beat the market

• According to David Kostin and his team, companies are continuing to spend cash even as EPS is down.
• Balance sheet strength will be top of mind during third-quarter earnings. 
• Companies with strong balance sheets will continue to reward shareholders. 

Stocks are getting rattled by what’s going on in the bond market. 

On Monday, the 10-year Treasury yield topped 5%, a rate not seen since 2007. That’s because the Fed is likely to keep interest rates higher for longer to deal with inflation, which is in turn driving up the cost of borrowing.