The markets are entering somewhat uncertain territory, as the S&P 500 recently experienced its 39th correction since the beginning of 1950 due to a combination of the omicron fears, and the anticipation of the Fed raising rates to curb the surge of inflation. This has led to a growing concern about the possibility of a bear market this year.
However, Goldman Sachs chief global equity strategist Peter Oppenheimer believes it's time to buy. “Any further significant weakness at the index level should be seen as a buying opportunity, in our view, albeit with moderate upside through the year as a whole,” he recently wrote.
Analysts at Goldman have set their sights on three stocks they believe will tower 70% or more this year:
