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Goldman Sachs: 8 stocks set to catapult profits and sales in 2 years

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Goldman Sachs: Buy these 8 stocks that have nearly doubled the market's gains this year and are set to catapult their profit and sales growth over the next 2 years

Stocks to buy before earnings.Most of the S&P 500's gains have historically come from the top seven to 10 names. These eight stocks including Chipotle are expected to grow their sales and net income by over 10%

So far this year, the S&P 500 is up by about 16.51%. Much of that gain has come from just seven mega technology stocks. The heavyweights have returned 58% versus 5% from the others, according to a June 30 note from Goldman Sachs. You may be thinking that hindsight is 20/20. And that identifying these top performers in advance may be easier said than done. But these stocks do have a commonality that they can attribute their success to: the ability to grow sales quickly and consistently, reads the note.

In conclusion, identifying the next set of companies that can sustain sales growth by over 10% could be a winning strategy.

 

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