This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Goldman Sachs' 9 Best Stocks for 2012

Stocks in this article: ARX AAPL EMC NCR ORCL QCOM SNCR V VMW

(Adds that Goldman's outlook was cut by S&P.)

BOSTON ( TheStreet) -- Goldman Sachs (GS) analysts have nine technology stocks on their short list for now, with six-month price targets that are as high as 61%.

The Wall Street investment bank regularly updates its "conviction buy" list and the technology recommendations include some of the most commonly held technology stocks, including personal-computing bellwether Apple (AAPL - Get Report), and business-technology giants Oracle (ORCL - Get Report) and EMC (EMC - Get Report), as well as some smaller unknowns such as Synchronoss Technologies (SNCR).

Technology stocks have been battered this year, losing 4.4% of their value in a volatile ride, but in the quarter to date, they are up 2.3%.

The gist of it is, if the economy gets rolling, so will technology stocks, but for now, Goldman Sachs is saying this is the best of the bunch. Goldman's main rival, Morgan Stanley (MS), most recently has favored stocks with a defensive bent. The firm said earlier this month that its model portfolio of 48 stocks is overweight in utilities, health care and consumer staples, and is underweight in consumer discretionary and industrials, both of which have underperformed this year.

Goldman Sachs itself, along with its competitors, had long-term credit grades cut today by Standard & Poor's, hurt by Europe's debt crisis and a tweaking of rating criteria.

On the following pages are Goldman Sachs' nine stock picks in the technology sector:

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs