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Goldman Sachs Unveils Top Conviction Stocks for November 2024 — Here’s Why They Could Beat the S&P

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Goldman Sachs analysts are naming some interesting stock picks that could outperform the S&P 500 going forward.

Meritage Homes Corporation is one of the top five homebuilders in the US market.

The next stock we’ll look at is Suncor Energy , which is forecast to gain 19% in the next 12 months .

Suncor aims to become Canada ’s leading energy producer, and the company holds a strong position to that end.

The oil sands of northeastern Alberta where Suncor conducts the majority of its operations are one of the world's largest unconventional oil resources.

Suncor has 11 recent analyst reviews on record, including 7 to Buy and 4 to Hold, for a Moderate Buy consensus rating.

The shares are trading for $ 37.59 and their $ 42.62 average price target suggests that they will appreciate by 13% .