Saturday, March 2, 2024

Can Goldman Sachs' Conviction List Help You Make Money?



Newsquawk reported on March 1st, 2024 that Goldman Sachs removed AAPL from its Conviction List.

Conviction Buy List of Goldman Sachs 


Goldman Sachs offers a curated list of 20-25 stocks they believe hold strong buying potential, known as the Conviction Buy List. These stocks are updated monthly, reflecting changes in the market. Analysts continuously evaluate companies and add or remove them from the list based on their outlook.

Beyond Just Buys: A Balanced Approach

Goldman Sachs also creates a Conviction Sell List to highlight stocks they believe may underperform the market. This balanced approach allows investors to consider both buying opportunities and potential risks.

Diversification Across Industries

The Conviction Buy List spans various sectors, giving investors exposure to a range of industries. From technology and healthcare to finance, consumer goods, and more, the list offers a diverse selection of potential investments.

Conviction List as of 02/01/2024


This is the updated Conviction List as of February 01, 2024, with their upside percentage projection:[2]
  • Constellation Brands Inc. A (STZ) - % upside: 18
  • Target Corp. (TGT) - % upside: 27
  • Ally Financial Inc. (ALLY) - % upside: 39
  • Jefferies Financial Group Inc. (JEF) - % upside: 18
  • Blue Owl Capital Inc. (OWL) - % upside: 14
  • Simon Property Group (SPG) - % upside: 20
  • Merck & Co. Inc. (MRK) - % upside: 6
  • Quanterix Corp. (QTRX) - % upside: 58
  • Vertex Pharmaceuticals Inc. (VRTX) - % upside: 29
  • Installed Building Products (IBP) - % upside: 11
  • JB Hunt Transport Services (JBHT) - % upside: 13
  • PPG Industries Inc. (PPG) - % upside: 22
  • Parker Hannifin Corp. (PH) - % upside: 19
  • Textron Inc. (TXT) - % upside: 22
  • Chevron Corp. (CVX) - % upside: 22
  • First Solar Inc. (FSLR) - % upside: 88
  • The Southern Company (SO) - % upside: 18
  • Apple (AAPL) - % upside: 21
  • Amazon.com Inc. (AMZN) - % upside: 29
  • Cintas Corp. (CTAS) - % upside: 11
  • Nvidia Corp. (NVDA) - % upside: 2
  • TE Connectivity (TEL) - % upside: 23

Conviction List as of 03/01/2024

This is the updated Conviction List as of March 01, 2024:[3]
  • Amgen Inc (AMGN) - New price target: $350
  • Monday.com (MNDY) - New price target: $270
  • Vulcan Materials Company (VMC) - New price target: $292
  • Constellation Brands Inc. A (STZ
  • Target Corp. (TGT)
  • Ally Financial Inc. (ALLY)
  • Jefferies Financial Group Inc. (JEF
  • Blue Owl Capital Inc. (OWL)
  • Simon Property Group (SPG
  • Merck & Co. Inc. (MRK) 
  • Quanterix Corp. (QTRX
  • Vertex Pharmaceuticals Inc. (VRTX) 
  • Installed Building Products (IBP
  • JB Hunt Transport Services (JBHT
  • PPG Industries Inc. (PPG
  • Parker Hannifin Corp. (PH
  • Textron Inc. (TXT
  • Chevron Corp. (CVX
  • First Solar Inc. (FSLR
  • The Southern Company (SO
  • Apple (AAPL)
  • Amazon.com Inc. (AMZN
  • Cintas Corp. (CTAS
  • Nvidia Corp. (NVDA)
  • TE Connectivity (TEL)

References

  1. The Goldman Sachs Conviction Buy List Seeks to Guide Investors Toward Profitability
  2. Target in, JPMorgan out of Goldman’s conviction list
  3. Apple Sinks After Wall Street Titan Pulls Magnificent 7 Stock From Conviction List

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