Goldman Sachs Updates Its Conviction Buy List

Here's the caveat with this coverage: We don't normally place a ton of weight on individual analyst calls and upgrades/downgrades. That said, we are very cognizant that Goldman often moves markets and has to at least be monitored. As such, we've covered Goldman Sachs' (GS) list because for whatever reason, everyone loves a "V.I.P." or "Best of" and "Worst of" list. So, Goldman's lists are essentially the cream of the crop in either direction. If Goldman adds it to its Conviction Buy List, then it loves it, and if the bank adds it to the Conviction Sell List, it (at least for the moment) hates it. That much is self-explanatory but we just wanted to give a preface for those unaware. Now, to the changes:

Conviction Buy List

The bulk of the recent changes were made to Goldman's Conviction Buy List. As the month of May begins, Goldman has decided to ambush everyone with a ton of changes.

Here are the names it has just recently added to its Conviction Buy List: Liz Claiborne (LIZ), Massey Energy (MEE), Joy Global (JOYG), and Research in Motion (RIMM).

And, here are the names that Goldman has removed from its Conviction Buy List: Mastercard (MA).