22 stocks to buy with an average of 39% upside: Goldman Sachs

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These are the 22 best of the best investing ideas from Goldman Sachs' stock analysts right now

Goldman Sachs compiled the 22 best investing ideas from its US analysts, regardless of sector.Passive index investing may have gained popularity over the past few years, but with stocks stuck in a tight trading range recently, it has suddenly become a stock picker's market. Investors seeking strong returns can't afford to wait around for a market rocked by a banking crisis, debt ceiling showdowns, and Federal Reserve announcements to regain its footing.

"This new"Conviction List – Directors' Cut" is designed to provide investors with a curated and active list of 20-25 of what we believe to be our most differentiated fundamental Buy ideas across our US stock coverage," wrote Kron.A number of macroeconomic factors were at the top of Goldman Sachs analysts' minds as they were making their recommendations.

Another trend to watch is bank lending. While the recent banking crisis is in the rearview mirror for now, one of the effects of several sudden regional bank failures could be a credit crunch. "To be sure, there were some signs of a softening consumer, but at this point this softening doesn't appear to be worse than what the markets were already anticipating and it does not appear to be enough to thrust the economy into recession," Kron wrote."In fact our economists continue to see consumer spending as a"source of strength" through 2023.

 

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