+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

GOLDMAN SACHS: These 30 stocks are poised to pop on earnings after a week of brutal trade-war news

Aug 7, 2019, 23:03 IST

Reuters / Brendan McDermid

Advertisement
  • Goldman Sachs says there are some huge opportunities in the stock market after fears about President Trump's trade war touched off waves of selling.
  • Equity derivatives associate Vishal Vivek says he's identified 30 stocks that have done worse than the broader market recently, and could begin to rally as they report earnings in the coming weeks.
  • On average, Goldman's analysts expect those stocks to rise 34% in the next year.
  • Click here for more BI Prime stories.

Even if it's been hard to watch the stock market the last few days, Goldman Sachs says investors can find big winners if they look closely.

Some of the stocks that plunged the most last week could come all the way back and more, according to equity derivatives associate Vishal Vivek. That's due to the combination of painful trade war selloffs in the present, a still-growing economy, and a steady stream of corporate earnings reports over the next couple of weeks.

"We believe the market is underestimating the potential for a relief rally in many of these names, as the fundamental thesis plays out," he writes.

With numerous companies in the tech, energy and retail sectors still waiting to report their second-quarter results, those industries take up large portions of Vivek's list.

Advertisement

Each of the stocks has underperformed the broader S&P 500 index over the last month, but the list doesn't only cover companies that might rise in the short term. Vivek says that on average, these stocks could rise 34% in the next year to hit Goldman's price targets.

Here are the 30 companies Goldman has identified, listed in increasing order of potential upside:

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article