Goldman Sachs sees a strong year ahead for U.S. stocks, with the S&P 500 closing 2013 at 1,575.
The team led by David Kostin isn't alarmed by market's recent increased volatility, stating that "the market has traded in a wide range reflecting investor uncertainty," which they expect will dissipate once a solution to the Fiscal Cliff is reached.
In his new US Monthly Chartbook, Kostin identifies the stocks with the "most upside to Goldman Sachs target price."
We pulled the top 12 stocks on the list, which offer 33 percent to 50 percent upside relative to their current prices.
Goodyear Tire & Rubber
Ticker: GT
Rating: Buy
Current Price: $12.77
Price Target: $17.00
Upside to Target: 33.1 percent
Goodyear manufactures and distributes tires for automobiles, commercial trucks, light trucks, SUVs, race cars, and more.
Source: Goldman Sachs
Devon Energy Corp.
Ticker: DVN
Rating: Buy
Current Price: $53.12
Price Target: $73.00
Upside to Target: 37.4 percent
Devon Energy engages in oil & gas exploration, production, and property acquisition.
Source: Goldman Sachs
National Oilwell Varco Inc.
Ticker: NOV
Rating: Buy
Current Price: $68.14
Price Target: $95.00
Upside to Target: 39.4 percent
National Oilwell Varco manufactures mechanical components an assortment of drilling rigs.
Source: Goldman Sachs
See the rest of the story at Business Insider
Please follow Money Game on Twitter and Facebook.