economy
Goldman just made a bunch of additions to its favorite stocks list. Here are the new names
The firm's additions to its June favorite stocks list include Tyson Foods and Block.
TL;DR
- Goldman Sachs added four stocks to its June conviction list: Tyson Foods, Block, TPG, and Casella Waste Systems.
- Tyson Foods was praised for its diversified protein portfolio and potential for continued earnings growth and margin expansion.
- Fintech stock Block was highlighted as a cash-generating company with AI productivity enhancements and a strong position in consumer neobanking and payment platforms.
- TPG, a private equity company, was added due to its sustainable growth platform and discounted valuation, with strong performance in private credit, wealth management, and real estate funds.
- Casella Waste Systems was noted for its sustainable growth and expected margin expansion, with integration challenges from a past acquisition now largely complete.
- Ares Management, Wynn Resorts, and Kontoor Brands were removed from the list.