Goldman Sachs Bullish on Stocks in 2024, Names Top 23 Stock Picks to Outperform
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Goldman Sachs is bullish on stocks in 2024, predicting the S&P 500 will reach 5,100. They expect a good year for stock picking amidst volatility.
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Steven Kron polled Goldman analysts for their 23 top buy-rated stock picks that can outperform in 2024. The stocks span various sectors and market caps.
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Reasons for economic optimism include declining 10-year Treasury yields, expected 2024 GDP growth of 2.3%, and potential for Fed rate cuts.
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However, high valuations limit the market's upside compared to 2023, making stock selection critical.
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Goldman's stock ideas are based on transformation potential, growth runways, economic tailwinds, innovation, market share gains, and more. The upside to their price targets range from 9% to 106%.