Previous close | 132.59 |
Open | 132.59 |
Bid | 131.50 |
Ask | 133.70 |
Strike | 1,120.00 |
Expiry date | 2025-03-21 |
Day's range | 132.38 - 134.50 |
Contract range | N/A |
Volume | |
Open interest | 266 |
Goldman Sachs (GS) has released its conviction list focusing on three key areas: artificial intelligence, consumer trends, and sustainability. Goldman Sachs Director of Americas Equity Research Steve Kron joins Catalysts to discuss the details. Kron explains that the purpose of this list is to help investors identify stocks where Goldman Sachs has "the highest level of conviction" for outperformance. Since the list's introduction last June, Kron emphasizes that "the feedback has been fantastic." Pinterest (PINS) was recently added to the list, while Amazon (AMZN) and Guidewire (GWRE) were removed. According to Kron, Goldman analyst Eric Sheridan believes Pinterest has the ability to "monetize their user base," with margin expansion potential over the next five years and earnings projected to be 6% above estimates in 2025. The stock also presents a favorable 3-to-1 upside-to-downside risk ratio. As for Amazon and Guidewire, they were removed to "keep the list fresh," though Kron notes they remain solid stock picks. Regarding the selection process, Kron tells Yahoo Finance, "We spend a lot of time on investment process, and we spend a lot of time with our analysts talking about stock recommendations. So these are sourced from them," with names like Nvidia (NVDA) and Citigroup (C) both making the list. Watch the video above to hear Kron's explanation on how the firm determines the themes of the list. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Nvidia headed for its fifth-straight day of gains Tuesday, continuing the stock's rebound that started last week when it found support at its 50-day moving average. Nvidia also has reclaimed its title as a stock with a $3 trillion market cap. Nvidia stock sits 11% above its 50-day moving average and is just 8% below the split-adjusted all-time high of 140.76 after rising 2.9% last week.
Nuclear power plays Vistra and Constellation Energy have become two of the top performers on the S&P 500 index this year, sandwiching Nvidia and riding the artificial intelligence energy wave that has propelled utilities. VST leads the S&P 500, up 259% in 2024, while Constellation Energy sits third with a 144% advance this year. Vistra is a diversified electric utility and power generation firm, with natural gas, nuclear, solar and battery storage facilities.