Goldman Sachs welcomed three new stocks into its conviction list as the second half of the trading year commences. Fox Corp. , Global-E Online and Snowflake have been added to the list, while Monday.com and Quanterix were removed. The list is a curated group of stocks that the firm's research analysts believe are the "most differentiated fundamental Buy ideas" within the U.S. stock market.
Financial technology stock Global-E is exposed to some of the fastest growing areas of e-commerce like cross-border and direct-to-consumer. The Israel-based firm should also see growth accelerating in the second half of this year and during 2025, Goldman said. Global-E shares have bucked the broader market's uptrend this year with a slide of almost 7%.
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