At Extreme Investor Network, we pride ourselves on providing unique and valuable insights into the world of investing. Today, we are thrilled to share some exclusive information about Goldman Sachs’ latest additions to its conviction list for the second half of the trading year.
Goldman Sachs has recently welcomed three new stocks into its prestigious conviction list: Fox Corp., Global-e Online, and Snowflake. These stocks have been carefully selected by the firm’s research analysts as the most promising “differentiated fundamental Buy ideas” within the U.S. stock market.
Let’s dive into the details of each of these new additions:
1. Fox Corp. – This media company has a concentrated portfolio focused on news and sports, making it more resilient in a landscape disrupted by cord-cutting pressures. Goldman believes that factors such as sporting events, political advertising, and optimizing rights can help Fox outperform earnings expectations. The firm also notes that Fox’s unconsolidated assets are currently undervalued.
2. Global-e Online – A financial technology stock based in Israel, Global-e is exposed to fast-growing areas of e-commerce like cross-border and direct-to-consumer. Goldman predicts that the company’s growth will accelerate in the second half of this year and throughout 2025.
3. Snowflake – Despite a 28% dip in shares this year, Goldman sees Snowflake as an attractive entry point. The firm views Snowflake’s technology as crucial to the next phase of the artificial intelligence revolution and believes new CEO Sridhar Ramaswamy’s product development strategy will drive customer consumption. Goldman predicts strong top-line growth and high free cash margins for Snowflake, factors that are not currently reflected in the stock’s valuation.
It’s worth noting that analysts at LSEG have positive outlooks on these stocks, with price targets suggesting significant upside potential. For example, the average analyst sees Fox Corp. climbing 10% over the next year, Global-e Online rising more than 18%, and Snowflake rebounding 49%.
At Extreme Investor Network, we believe that staying informed about the latest investment opportunities is key to success in the market. Keep an eye on these three stocks as they navigate the second half of the trading year and consider adding them to your portfolio for potential growth. Stay tuned for more exclusive insights and investment recommendations from our team of experts.