economy
Goldman says stocks like Nvidia have more room to run
Analysts at Goldman Sachs named several stocks that have defensive attributes that they say also offer plenty of upside.
TL;DR
- Goldman Sachs has named several stocks with defensive qualities and upside potential.
- BrightSpring Health Services is noted for its differentiated home health care services and positioning for growth in elder care.
- Samsara is described as a defensible growth asset in software with improving profit margins and a strong competitive moat.
- Ulta Beauty is expected to gain market share due to strong execution and a healthy cosmetics category, with Goldman recommending buying on dips.
- Nvidia's improved capital allocation is expected to boost investor confidence and sustain its growth profile.
- Johnson & Johnson's pharma franchise is considered a defensive bellwether, with potential for revenue growth augmentation.