David Kostin, Goldman Sachs' chief U.S. equity strategist, sees almost no upside to the S&P 500 from now through the end of the year.
However, within the market he sees no shortage of stocks and sectors expected to outperform.
In his new U.S. Monthly Chartbook, Kostin provided an updated list of stocks with the most upside potential today.
This time around, the list is dominated by oil and gas firms including drillers or refiners. The rest are ringers across a broad range of industries, from tires to telecom.
According to Goldman's analysts, the 40 stocks on this list offer 23% to 57% upside relative to their recent prices.
40) Apache: 23.2% Upside
Ticker: APA
Sector: Energy
Recent Price: $73.88
Upside to Target: 23.2%
Apache just set up its third offshore North Sea production site in as many years.
Source: Goldman Sachs, UPI
39) Expedia: 23.6% Upside
Ticker: EXPE
Sector: Online travel
Recent Price: $55.84
Upside to Target: 23.6%
Robust growth in global hotel room nights led to a 24% annual increase in Expedia’s Q1 2013 revenues.
Source: Goldman Sachs, Motley Fool
38) Ford: 24.0% Upside
Ticker: F
Sector: Cars
Recent Price: $13.71
Upside to Target: 24.0%
Ford just hired 2,000 people in Kansas City.
Source: Goldman Sachs, USA Today
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