Goldman Sachs' David Kostin and his team are out with their monthly chartbook about the economy and stocks. With the S&P 500 above 1,700, he sees another 4% rise through the end of the year and a 7% return in the next twelve months.
But the rising tide won't lift all boats. Kostin also includes a list of forty stocks with the greatest upside and downside potential, based on the firm's target prices.
As for companies with the most upside, Marathon Petroleum (MPC) tops the list, with 63.6%, followed by Autodesk (ADSK), Ventas (VTR), salesforce.com (CRM) and American Tower (AMT). Outside the top five, the list also includes big names like Schlumberger (SLB), Halliburton (HAL), Expedia (EXPE) and General Motors (GM).
On the flip side, Advanced Micro Devices (AMD) takes the dubious honor of most overbought: It has 40.3% to fall, based on its Goldman target price. The top five includes Cablevision Systems (CVC) Hewlett-Packard (HPQ), Intel (INTC) and U.S. Steel (X). Other big players on the list are Microsoft (MSFT), Cliffs Natural Resources (CLF), and Staples (SPLS).
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