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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks could be the next Magnificent Seven market leaders, says Goldman Sachs.Our call of the day, from a team at Goldman Sachs led by chief U.S. equity strategist David Kostin has some fresh ideas on how to find big market outperformers.
Source: MarketWatch - 🏆 3. / 97 Read more »

Goldman strategist says one country offers the 'most fertile ground for picking stocks' and shares his favoritesThe country has a 'very strong' track record of generating returns, said Goldman Sachs strategist Sunil Koul.
Source: CNBC - 🏆 12. / 72 Read more »

Apple hits $3T in market cap, but changes could be coming to its credit card: reportApple became the first public company to close a trading day with a market cap over $3 trillion Friday, even as Goldman Sachs reportedly looks to shed its credit card partnership.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Goldman's 'Rule of 10' for investing and stocks meeting that criteria todayThe investment bank found the top 10 stocks in the S&P 500 were responsible for 32% of the benchmark's return in the average year since 1995.
Source: CNBC - 🏆 12. / 72 Read more »