Goldman Sachs' Conviction List Sees Major Overhaul as Amazon and More Join

Goldman Sachs has overhauled its Conviction List for October, adding five new stocks and removing five. The list highlights stocks that Goldman's research team believes will outperform the market.

The added companies include Amazon (NASDAQ: AMZN), Burlington Stores (NYSE:BURL), Huntington Ingalls Industries (NYSE:HII), Johnson Controls International (NYSE:JCI), and no fifth company is mentioned in this article but the list has a total of 5 new stocks.

Amazon, trading below its 52-week high, offers huge upside potential with a target price of $375, representing a 51% gain.

Huntington Ingalls Industries, a defense giant, is also on the Conviction List with a target price of $439, indicating a 64% gain for investors.