These stocks could be the next Magnificent Seven market leaders, says Goldman Sachs.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

The second half of the year kicks off with a holiday-shortened week, though jobs data comes at the end of it. That’s as Tesla may have lit a firecracker for tech with some pretty bullish sales numbers out Sunday.

So naturally, another obvious question looking ahead is how to find outperformers like the so-called “Magnificent Seven” tech names that led the first half — Amazon AMZN , Microsoft MSFT , Alphabet GOOGL , Meta META , Tesla TSLA and Nvidia NVDA . Roughly 20 names meet this criteria and among them is one of those big tech outperformers — Tesla. Salesforce CRM has consistently made the cut, said Goldman. The top 10 names on this list are Enphase Energy ENPH , Tesla, SolarEdge SEDG , Palo Alto Networks PANW , ServiceNow NOW , Paycom Software PAYC , Fortinet FTNT , DexCom DXCM and Insulet PODD .

As an aside, Kostin and the team address the whole narrow market issue, saying that in any given year, returns have been concentrated on a group of outperformers. Observe the below chart:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

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

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 »