In a recent note, Goldman Sachs chief global equity strategist Peter Oppenheimer points out that markets are going to normalize again, and soon – but with some differences over the recent past. Oppenheimer notes that mega-cap tech stocks have seen outsized gains, and that in much of the economy, we are seeing an evolution of everything into ‘tech companies.’ There’s no denying that digital tech and wireless networking are changing the ways that we do business, across the board.
But while the tech mega-caps for the most part have propped up the markets for the past year, many other stocks have taken sound beatings. However, Oppenheimer believes we are returning to a more “normal” cycle. “We expect investors to be rewarded for making sector and stock decisions related to potential growth relative to what is priced,” he said.
So let’s get away from what the markets have priced in, and start looking at that potential growth. GS analysts have done just that and following strategist Oppenheimer’s lead they are picking out stocks with upside ahead. These are names which have taken a beating over the past year but are projected to yield nice returns over the next 12 months – in the order of 50% or more. Using the TipRanks platform, we’ve looked up the details on these Goldman picks. Here they are, along with commentary from the analysts.
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