In a recent report, venerable investment bank Goldman Sachs & Co. came up with a list of the stocks with the greatest upside potential before they reach the price target assigned by the firm. Apple Inc. topped the list. The full top 10 list follows.
1. Apple Inc.
Though the personal technology giant�s shares have sunk in recent months, Goldman sees Apple AAPL �on the rise again, climbing back to around $660 a share. That�s 45% higher than the Jan. 31 closing price Goldman used in its report, and 44% up from Tuesday�s close. Apple�s shares are down a third from their September high, when they touched the $700 level, an all-time high. Goldman doesn�t see them back at that height, but they�ll be close, the brokerage says. Above, an Apple store at Grand Central Terminal in New York. Find out more about Goldman Sachs�s top stock picks.
No. 2 Goodyear Tire & Rubber Co.
The venerable tire maker has the potential to hit $19 a share, Goldman says, which is enough to make it No. 2 on this list. Goodyear GT �shares ended the day at $13.75 on Jan. 31 and closed Tuesday�s session at $13.62. Now the company also known for its blimps stands to gain as much as 40%, according to Goldman�s calculations.
No. 3 Prudential Financial Inc.
Prudential Financial Inc. PRU �comes in at No. 3 on Goldman�s list with a potential upside of 33% from its Jan. 31 close. Shares have climbed a little bit since then. The company�s Chicago facility is pictured here.
No. 4 Applied Materials Inc.
Applied Materials Inc. AMAT �already has narrowed the gap from its Jan. 31 close, when Goldman predicted it would climb 32% to hit a price target of $17, but now it only needs to rise another 27% to get there. The Santa Clara, Calif.-based chipmaker is at a 52-week high. Above, company engineers at a solar facility in China.
No. 5 Joy Global Inc.
Mining equipment maker Joy Global Inc. JOY �won�t return to the lofty heights of $90-plus, Goldman predicts, but it should get back to $83, more than 31% from where it stands today. Here, Joy�s gear is used at a mine in Australia.
No. 6 Ford Motor Co.
Ford Motor Co. F �survived the recession stronger than most other car makers and the company is expected to get back to its 52-week high of $14.30 and surpass it on its way to Goldman�s price target of $17 a share, a 31% gain from Jan. 31. Shares already have climbed in the last week and the company now needs a 29% climb to hit the target.
No. 7 Discover Financial Services
Goldman sees the credit card company blowing past its all-time closing high of $41.61 and reaching $50 a share. Discover DFS �is a little more than $10 away, or 27%. As of Jan. 31, it was 30% away.
No. 8 Williams Cos.
The natural gas producer is another company expected to hit an all-time high by Goldman. Williams WMB �reached its peak of just under $40 in 1999 but now could go as high as $45 a share, Goldman says. Shares have climbed a couple of percentage points in recent days and it now needs another 26% to reach that goal. Above, a map of Williams� Gulf region properties.
No. 9 Southwestern Energy Co.
Southwestern SWN �, a Houston-based oil firm, is expected to reach $44 a share, according to Goldman, which is roughly 28% above where it stands now, at just above $34 a share.
No. 10 National Oilwell Varco Inc.
Goldman may want to rethink this one as National Oilwell NOV �shares have dropped nearly $6 since it set a price target of $95 a share. The company was priced at more than $74 on Jan. 31 � making it 10th on this list � but shares stood at $68.21 as of the Tuesday close. It now needs to climb more than 39% to get there, which now ranks it just behind Apple and Goodyear.
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