Goldman Sachs says to buy these stocks in April | Wilnesh News
Goldman Sachs analysts have listed a list of stocks that could rise in April. The companies are well-positioned as the second quarter begins, the company said. CNBC Pro compiled Goldman Sachs’ research to find the company’s favorite stocks of late. The names listed below are all rated Buy. These include United Parcel Service, Nasdaq, Arcos Dorados, Global Payments and Arista Networks. Shares of Latin American McDonald’s player Arcos Dorados will fall more than 12% in 2024 but are worth buying, Goldman Sachs said. Analyst Thiago Bortoluci said: “We believe the continued sell-off in Arcos is unnecessary and see this as evidence of a willingness to increase investment in one of Brazil’s fastest-growing retailers. “This creates a unique buying opportunity.” He said same-store sales were strong and Arcos maintained share growth in many regions of Brazil where competition was weak. Additionally, he added, new store openings are still proceeding at a rapid pace. Although the company’s franchise agreement expires in 2027, the company said an extension could lead to a re-rating. Even though the stock fell at the start of the year, its influence cannot be ignored, Bortorucci said. He said: “(Return on invested capital) is close to an all-time high, accelerating store openings, above-inflation same-store sales and a relatively loose competitive background, we believe 2024 will be a year of continued growth, enhanced leadership and higher valuations. One year.” said. Nasdaq analyst Alexander Blostein said there are some positive catalysts brewing for the index and global market companies. The firm upgraded the stock to “buy” from “neutral” earlier this week, saying the stock is finally at an inflection point as growth accelerates. Brostein said he believes Nasdaq’s “fintech and index revenue will drive the company’s valuation higher over time.” The company also may pursue buybacks in the future, the company said. “Given NDAQ’s ability to generate excess free cash flow after deleveraging and dividends, we believe this presents a significant opportunity to execute buybacks starting in 2025,” Blostein said. Meanwhile, the company’s stock is also well-positioned to rise. Location. The Nasdaq is up 8.5% this year. “NDAQ will benefit from improving market conditions,” the analyst said. Goldman Sachs said earlier this week that shares of the shipping giant UPS are ready to buy. Analyst Jordan Alliger concluded the company’s latest investor conference with confidence that the stock has plenty of upside. “Management discussed various initiatives regarding market penetration and productivity and their impact on revenue and profit growth in 2026,” he said. Alig acknowledged that the stock was a story worth showing, but said investors were concerned Growth fears are largely exaggerated. “That said, we do recognize that growth over the past few years has been challenged, and UPS may have to demonstrate that the market has the potential to re-accelerate growth before it can be given the nod,” he wrote. UPS shares have fallen more than 5% so far this year. . The analyst added: “We maintain our buy rating on UPS as we believe volumes will eventually recover and costs will moderate, which coupled with productivity savings will indeed improve margins.” Arista Networks “We believe The above consensus ANET’s revised EPS estimate is confident. …As the leading brand supplier of hyperscale switches in the United States, ANET is well-positioned to leverage the continued growth of data and continued digital transformation to drive on-premises workloads to public cloud and hybrid cloud, and the growing demand for higher bandwidth, faster speeds and lower latency.” Read more about the call here. “That said, we do recognize that growth over the past few years has been challenged and UPS may have to demonstrate that the market has the potential to re-accelerate in order to give it credit. … Management discussed various initiatives regarding market penetration and productivity and their impact on Implications for revenue and profit growth in 2026. … We maintain our Buy rating on UPS as we believe volumes will eventually recover and costs will decline, which combined with productivity savings will indeed improve margins.” Nass “After several years of challenging EPS growth, we expect NDAQ’s earnings trajectory to accelerate to around 12% in 2025 and 2026, with a shift to higher value fintech and index revenues over time , driving the company’s valuation multiple higher. …Given NDAQ’s ability to generate excess free cash flow following deleveraging and dividends, we believe this presents a significant opportunity to execute buybacks starting in 2025. … NDAQ Will benefit from improving market conditions.” Arcos Dorados “We believe the ongoing sell-off in Arcos is unnecessary and believe this creates a unique opportunity for investors willing to increase their exposure to one of Brazil’s fastest growing retailers. Buying opportunity. With ROI near all-time highs, accelerating store openings, above-inflation same-store sales, and a relatively loose competitive backdrop, we believe 2024 will be a year of continued growth, enhanced leadership, and higher valuations One year.” Global Payments “We hosted an investor meeting with CEO Cameron Bready and CFO Josh Whipple at GPN headquarters in Atlanta…Given the number of initiatives being implemented, we remain optimistic about the company while maintaining a mid-teens We are impressed by the capabilities of the earnings growth algorithm, which we believe will be helpful in understanding lower margin expansion in 2024.”
