Goldman Sachs Conviction Buy List has a track record of success. It is closely followed, and has a self-fulfilling tendency now.
Because people believe the stocks put on the list will go up, they buy them and in fact drive up the price.
But its track record is impressive.
Take the case of Microsoft. It has put it on the Conviction Buy List twice:
(A) 10/16/2007 -
http://blogs.barrons.com/techtraderdaily/2007/10/16/microsoft-added...
- Price on 10/16/2007 - 30
- Goldman's target price - 37
- Reached 37 on 11/2/2007
(B) 6/19/2009 -
http://www.marketwatch.com/story/microsoft-added-to-conviction-buy-...
- Price on 6/19/2009 - 24
- Goldman's target price - 29
- Reached 31 on 12/24/2009
Even if we buy the stock a couple of days after it has been announced to the public, there is still room for the stock to run.
The problem is your obviously have to be a client of GS to receive the info.
I receive Google alert on "Goldman Sachs Conviction Buy List", so whenever a web site posts something about the list, I get an alert with the link, but it is accurate and up-to-date only some of the time.
Sometimes, I find out within 1 or 2 days after the stock has been put on the list. Sometimes, not.
I have yet to find a free and easy way finding the complete list.