Goldman Sachs, one of the leading investment banks in the world, has recently named two stocks on its conviction list as top picks to play right now. These stocks are expected to outperform the market in the coming months, making them attractive options for investors looking to capitalize on the current economic environment.
The first stock on Goldman’s conviction list is Apple Inc. (AAPL). The tech giant has been a favorite among investors for years, thanks to its strong brand, innovative products, and loyal customer base. Goldman believes that Apple’s upcoming product launches, including the highly anticipated iPhone 13, will drive strong sales and earnings growth in the near term. Additionally, the company’s services business, which includes Apple Music, Apple TV+, and iCloud, continues to show strong growth potential.
The second stock on Goldman’s conviction list is Amazon.com Inc. (AMZN). The e-commerce giant has been a major beneficiary of the shift towards online shopping, accelerated by the COVID-19 pandemic. With more people shopping online than ever before, Amazon’s revenue and profits have soared, leading to a significant increase in the company’s stock price. Goldman believes that Amazon’s strong e-commerce business, cloud computing division (Amazon Web Services), and growing advertising business will continue to drive growth for the company in the future.
Both Apple and Amazon have proven track records of delivering strong financial results and are well-positioned to capitalize on the current market trends. Goldman’s endorsement of these stocks as top picks is a vote of confidence in their ability to outperform the broader market in the coming months.
Investors who are looking to add exposure to these high-quality companies to their portfolios may want to consider taking a closer look at Apple and Amazon. While no investment is without risk, these stocks have a strong track record of delivering solid returns over the long term, making them attractive options for investors seeking growth and stability in their portfolios.
In conclusion, Goldman Sachs has named Apple and Amazon as top conviction list stocks to play right now. Both companies have strong fundamentals and growth prospects, making them attractive options for investors looking to capitalize on the current economic environment. It will be interesting to see how these stocks perform in the coming months and whether they live up to Goldman’s expectations.