Goldman Sachs Conviction Lists Update ~ market folly

Tuesday, November 4, 2008

Goldman Sachs Conviction Lists Update

A few more changes were made to the Goldman Sachs Conviction Buy list early this week. Firstly, Arcelor Mittal (MT) was added to the Conviction Buy List. Schlumberger (SLB) was also added to the buy list with a new price target of $59. Schlumberger, as we've detailed here on Market Folly, has a heavy concentration of hedge fund ownership, including the likes of Boone Pickens' BP Capital, Stephen Mandel's Lone Pine Capital, and many more funds.

Additionally, Humana (HUM) was removed from the buy list, but the firm still maintains a regular 'buy' rating on the stock. Transocean (RIG) was also removed from the Conviction Buy list, having been added to the list just recently back in September.

Boeing (BA) was added to the Conviction Sell List. Lastly, HealthNet (HNT) was removed from the Conviction Sell list.

If you've missed them, we've detailed previous changes that were made to Goldman's coveted lists on October 27th here, as well as the changes from October 20th here.

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