Three new stocks have been placed on Goldman Sachs' coveted conviction list. The Wall Street company has a “director's cut” conviction list containing 20-25 shares of what they believe is the most differentiated and basic buying idea across the US Baxter coverage universe. Analyst David Roman said stocks beat the regular market when they focus on optimizing profits in existing industrial medicine footprints rather than trying to expand. After a 24% loss in 2024, the stock has grown more than 20% this year. Bax YTD Mountain Baxter Deere Deere, the world's largest agricultural machinery manufacturer, was also strongly supported by Goldman. Last month, Deer reported a 35% decline in quarterly revenue. More farmers reported that they retained aging equipment and switched to rental due to weak income and high borrowing costs. Goldman analyst Jerry Livich said the company is looking for positive inflections in revenue as it approaches a cyclical bottom of AG equipment inventory. Deer's shares won over 12% in 2025. DeYtd Mountain Deere Viper Energy has also been added to Goldman's conviction list, with Viper Energy owning and earning mineral and royalty benefits in oil and natural gas properties. Analyst Neil Mehta states that he is bullish about the company's “unique No Capex Business Model,” and he considers the stock to be a “persuasive” way to touch the Permian Basin. Viper Energy shares have fallen about 2% this year after a 56% rally in 2024. VNOMYTD Mountain Viper Energy
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