Goldman Sachs' top conviction stocks for November 2024; here are top picks

With the final two months of the year remaining, Goldman Sachs has predicted some of the top stocks that could rule the stock markets in the final moments of the year-end, and even go on to beat the S&P 500. This year has seen as massive bull run at the US stock markets and the closing of the year may also see a similar trend if all market conditions go on to stay favorable, with no sudden hiccups like a surprise recession or a stock market crash.

This construction industry stock could skyrocket in November?

For starters, Goldman Sachs is of the opinion that construction industry stocks like Meritage Homes Corporation (MTH) will be poised to beat the S&P 500, based on the company's growth optics and its reputation as the top five homebuilders in the US market. The company has a solid reputation for building energy-efficient homes, according to a Yahoo Finance report, and this factor could go a long way in uplifting its stock value in the final two months of the year.

Suncor Energy's stock prices to see a spike, says Goldman Sachs

The energy sector may see some select stocks like Suncor Energy going through the roof in November and December, backed by a $48 billion market cap and total revenues of $37 billion-plus last year. It is one of Canada's largest energy producers and its position is predicted to stay strong for the coming months, according to reports.

FAQs:

Is the US stock market undergoing a crash?
No, the US stock market is currently on an upward trend, and is at a massive bull run for the better part of two years.

Is the US stock market seeing a recession?
As of now, there are no reports of recession in the US stock markets, but the economy could be affected if it indeed arrives anytime in the coming months.