Goldman Sachs adds Applied Materials, Delta, Microsoft and UPS to conviction buy list

Broadcom, Dick's Sporting Goods, Johnson & Johnson and ServiceNow were removed from the U.S. stock list, according to a report cited by Jin10.

Summary

Goldman Sachs added Applied Materials, Delta Air Lines, Microsoft and United Parcel Service to its U.S. stock conviction buy list, while removing Broadcom, Dick's Sporting Goods, Johnson & Johnson and ServiceNow. The changes indicate a reshuffle in the bank's highest-conviction stock picks, a closely watched basket that can signal where its strategists see stronger relative upside.

Terms & Concepts
  • conviction buy list: A bank's highest-confidence stock recommendations
  • Applied Materials: A U.S. semiconductor equipment company
  • ServiceNow: An enterprise software company