Goldman Sachs adds Microsoft, Applied Materials and others to conviction buy list

Goldman Sachs disclosed changes to its U.S. stock conviction buy list, adding Applied Materials (AMAT.O), Delta Air Lines (DAL.N), Microsoft (MSFT.O) and United Parcel Service (UPS.N), among others. At the same time, the firm removed Broadcom (AVGO.O), Dick’s Sporting Goods (DKS.N), Johnson & Johnson (JNJ.N) and ServiceNow from the list. The update was cited by ChainCatcher in a market analysis newsflash. No further details on the reason for the adjustments were provided in the source. The report focused on the list changes themselves, naming the stocks added and those taken off the conviction buy roster. The source did not disclose any target prices, rating changes beyond the list adjustment, or a specific rationale tied to the reshuffle.