GOLDMAN SACHS: Buy These 15 Stocks For Powerful Profit Growth

Gene Naumovsky

A Goldman Sachs team has complied a list of 15 stocks expected to create large gains amidst an economic rebound.

Although 2020 has seen severe economic contractions and stock market crashes, Goldman Sachs projects a huge rebound, according to Business Insider. Goldman’s chief US equity strategist, David Kostin reported that gains will be achievable after the pandemic’s consequences subside.

Kostin wrote, “Looking ahead, S&P 500 profitability will decline further in 2020 but should rebound in 2021.” He added, “The path of the S&P 500 through year-end is not likely to be smooth. Uncertainty around virus developments and the pace of re-hiring could present fundamental challenges while escalating rhetoric around US/China trade and the 2020 election that is less than six months away presents policy risks.”

Below is a list of 15 stocks recommended by Kostin’s team ranked in order of rate of return:

  1. Pepsi

Ticker: PEP

Sector: Consumer staples

Market cap: $182 billion

2020 return: -3%

Consensus return on equity growth: 11%

  1. Maxim Integrated Products

Ticker: MXIM

Sector: Information technology

Market cap: $15.1 billion

2020 return: -7%

Consensus return on equity growth: 14%

  1. Ball

Ticker: BLL

Sector: Materials

Market cap: $22.9 billion

2020 return: 9%

Consensus return on equity growth: 14%

  1. Danaher

Ticker: DHR

Sector: Healthcare

Market cap: $117.9 billion

2020 return: 7%

Consensus return on equity growth: 14%

  1. Bristol-Myers Squibb

Ticker: BMY

Sector: Healthcare

Market cap: $135.8 billion

2020 return: -5%

Consensus return on equity growth: 14%

  1. Cardinal Health

Ticker: CAH

Sector: Healthcare

Market cap: $15.8 billion

2020 return: 9%

Consensus return on equity growth: 14%

  1. Nike

Ticker: NKE

Sector: Consumer discretionary

Market cap: $121.4 billion

2020 return: -3%

Consensus return on equity growth: 14%

  1. Cerner

Ticker: CERN

Sector: Healthcare

Market cap: $21.7 billion

2020 return: -3%

Consensus return on equity growth: 15%

  1. Iqvia

Ticker: IQV

Sector: Information technology

Market cap: $22.2 billion

2020 return: 26%

Consensus return on equity growth: 15%

  1. Fortinet

Ticker: FTNT

Sector: Information technology

Market cap: $22.2 billion

2020 return: 26%

Consensus return on equity growth: 15%

  1. Broadridge Financial Solutions

Ticker: BR

Sector: Information technology

Market cap: $13.7 billion

2020 return: -3%

Consensus return on equity growth: 18%

  1. Fiserv

Ticker: FISV

Sector: Information technology

Market cap: $70.9 billion

2020 return: -8%

Consensus return on equity growth: 20%

  1. Fidelity National Information Services

Ticker: FISV

Sector: Information technology

Market cap: $70.9 billion

2020 return: -8%

Consensus return on equity growth: 20%

  1. Global Payments

Ticker: GPN

Sector: Information technology

Market cap: $53.4 billion

2020 return: -2%

Consensus return on equity growth: 34%

  1. Healthpeak Properties

Ticker: PEAK

Sector: Real estate

Market cap: $13.3 billion

2020 return: -24%

Consensus return on equity growth: 42%

Read the full story here.

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