Investing.com - Go for "high revenue growth" companies, if you want to beat what looks to be a lackluster performance for stocks in the coming year.
So says Goldman Sachs (NYSE:GS).
In a note to the clients, the firm highlighted a group of companies with estimated sales growth of more than 20% in 2019.
Goldman says its previous list of such companies outperformed the S&P 500 by 8% over the past 12 months.
This year's list includes some high-flying, old favorites, such as Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX).
Lesser-known companies on the list include Autodesk and Vertex Pharmaceuticals.
Goldman's end-of-year price target for the S&P 500 is 2,850. That's slightly less than the index's January high and one of the more conservative forecasts among Wall Street firms.