Goldman Sachs Adds Amazon and Four Other Stocks to October Conviction List

Goldman Sachs has added Amazon, Burlington Stores, Huntington Ingalls, Johnson Controls, and Occidental Petroleum to its flagship Director's Cut U.S. Conviction List for October. Concurrently, the investment bank removed Air Products and Chemicals, ConocoPhillips, Golar LNG, Loar Holdings, and Tyson Foods as part of its monthly rebalancing entering the fourth quarter. For Amazon, analyst Eric Sheridan cited sustained revenue growth alongside multi-year margin expansion driven by artificial intelligence compute demand, advertising gains, and e-commerce efficiency.