Stock picks to buy, 22 stocks still below pre-pandemic levels: Goldman - Business Insider

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GOLDMAN SACHS: These 22 stocks still haven’t recovered to pre-pandemic levels — and are set to explode amid higher earnings in 2021 as the economy recovers

But some smaller and more economically sensitive stocks have not reached their pre-pandemic levels..But index gains have been driven largely by mega-cap tech stocks that have benefitted from a stay-at-home environment. Meanwhile, some smaller and more economically sensitive stocks have yet to reach their pre-pandemic levels as earnings have stalled.

Hopes for a strong economic return got another shot in the arm when Democrats won two runoff Senate races in Georgia, giving them control of the chamber and the ability to pass the stronger stimulus package they desire. Goldman Sachs consequently upped its economic and earnings estimates for the year.

To help investors take advantage of the momentum cyclical stocks are expected to see, Kostin and his team have put together a list of 22 stocks that meet the following two criteria: a share price still below the February 19, 2020 peak, and expected earnings that are higher than those in 2019.

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