Goldman Sachs Conviction Buy & Sell Updates ~ market folly

Monday, October 27, 2008

Goldman Sachs Conviction Buy & Sell Updates

Late last week, Goldman Sachs made some changes to their coveted Conviction Buy and Sell lists. They were very active in the steel sector, adding Steel Dynamics (STLD) to the conviction buy list and then putting US Steel (X) on their conviction sell list. Lastly, Goldman also removed Alcatel Lucent (ALU) from the conviction buy list, but still rates the company as a normal 'buy.'

Goldman has been very busy the last few weeks adding and subtracting names from their lists as the volatility picks up and the market landscape changes. We have detailed more of Goldman's moves here and more additions to their conviction buy list here.

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