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These 13 stocks will see explosive sales growth that will help them crush earnings season, Goldman Sachs says

Joe Ciolli   

These 13 stocks will see explosive sales growth that will help them crush earnings season, Goldman Sachs says
Stock Market1 min read

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Reuters

  • First-quarter earnings season is shaping up to be one of the most hotly anticipated in recent memory as the market seeks a bright spot amid multiple headwinds.
  • While some investors may be focused on bottom-line profits, Goldman Sachs is more interested in stocks generating high sales growth, and has identified 13 S&P 500 companies that fit the bill.

At this point, the upcoming first-quarter earnings season is one of the most hyped in recent memory.

It's supposed to offer a pick-me-up for a market that's navigated one obstacle after the next - whether that's meant a global trade war, regulatory scrutiny in tech, or Trump's recent Russia-centric tweetstorm.

Goldman Sachs has some thoughts on the matter, saying recently that traders should be focused on top-line sales growth, rather than profit numbers. With tax cuts expected to give corporate profits a hyper-boost, it will be more difficult to identify which companies are excelling on a fundamental level, the firm argued.

So with a focus on sales, which companies stand apart? After all, Goldman forecasts revenue for the entire S&P 500 will grow 10% in the first quarter, the fastest pace since 2011.

Luckily, the firm has made things easy by updating its 50-company basket of stocks expected to grow sales the most in 2018. Spanning 10 of the benchmark's 11 major industries, Goldman calculates that it's index will grow revenue by 16% this year, compared to 6% for the median S&P 500 company.

Without further ado, here are 13 stocks Goldman says will offer the best sales growth this year:

Get the latest Goldman Sachs stock price here.

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