A look at Goldman Sachs' "conviction buy" stocks in recent weeks has revealed a number of names that its analysts say have serious potential. The Wall Street bank's Conviction List comprises its top buy-rated stocks that it expects to outperform. Here are five of them: Baidu Goldman in a July 16 note said it has added Chinese Internet search giant Baidu to its regional conviction list.
Johnson Controls International Goldman also likes American building products company Johnson Controls International, which appeared on its July 13 screen of stocks set for growth with underappreciated margin expansion. The bank identified stocks that its analysts expect to deliver at least 5% sales growth in 2023 and 2024, positive incremental operating margins in each year, and operating margin expansion of at least 150 basis points between 2022 and the end of 2024.