How to choose stocks in 2024? Goldman Sachs lists ten stocks with accelerating revenue growth

Goldman Sachs has listed 10 stocks in its "Conviction List" that are expected to experience accelerated revenue growth in 2024. According to Goldman Sachs' report titled "Key Themes for the Next Year in January 2024," the stock market tends to follow earnings revisions over time. High-quality earnings revisions typically start with sales performance. The report states, "Given the challenging revenue growth environment mentioned above, companies that can sustain high sales growth and/or accelerate sales growth may be rare and deserve multiple expansion." Furthermore, analysts suggest that revenue growth will become "increasingly scarce," and accelerated revenue growth will become "even scarcer." The following are the top ten stocks listed by Goldman Sachs that are expected to experience accelerated revenue growth in 2024: JFrog, Blue Owl Capital, life sciences company Quanterix, WW International, Merck, Apple, J.B. Hunt Transportation Services, Southern Company, TE Connectivity, and Chevron.