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Goldman Sachs says there are some huge opportunities in the stock market after fears about President Donald Trump's trade war touched off waves of selling.
Vishal Vivek, an equity derivatives associate, said he'd identified 30 stocks that have done worse than the broader market recently and could begin to rally as the companies report earnings in the coming weeks.
On average, Goldman's analysts expect those stocks to rise 34% in the next year.
Even if it's been hard to watch the stock market in the past few days, Goldman Sachs says investors can find big winners if they look closely.
Some of the stocks that plunged the most last week could come all the way back and more, according to Vishal Vivek, an equity derivatives associate. That's because of the combination of painful trade-war sell-offs, a still-growing economy, and a steady stream of corporate earnings reports over the next couple of weeks.
"We believe the market is underestimating the potential for a relief rally in many of these names, as the fundamental thesis plays out," he wrote.
As numerous companies in the tech, energy, and retail sectors are still waiting to report their second-quarter results, those industries take up large portions of Vivek's list.
Each stock has underperformed the broader S&P 500 index over the past month, but the list doesn't cover only those that might rise in the short term. Vivek said that on average these stocks could rise 34% in the next year to hit Goldman's price targets.
Here are the 30 companies Goldman has identified, listed in increasing order of potential upside:
