Earlier this month, analysts at Goldman Sachs identified a few stocks they say have “potential to offer significant upside for investors based on the new dynamics of the market.” This according to an article in Forbes.

Here are some key takeaways from the article:

• The analysts identified stocks more likely to move based on “micro” factors such as tax reform, infrastructure spending and company-specific news rather than “macro” factors such as major stimulus legislation.
• They identified top picks using a dispersion score (measure of potential returns based on the stock’s previous returns and volatility). The higher the dispersion score, the more sensitive a stock is to “micro” factors and “the greater the chance it will move enough to give investors an edge in the market.”
• Top picks included LBrands, online retailer Etsy, biotech company Biogen, Tesla, genetic analysis company Illumina, medical device maker Align Techology cloud services company Akamai Technologies, IT provider DCX Technology, Twitter and Penn National Gaming.
• The article notes that a “robust vaccine rollout, trillions of dollars in government stimulus spending and the coming reopening boom are shoring up investor confidence and propelling the stock market to record high after record high.” It cites Wall Street Journal data showing that 95% of S&P stocks traded above their 200-day moving average earlier this month, the highest percentage since the fall of 2009. “That statistic is significant because it means the ongoing bull market is reaching a broad swath of stocks in a variety of industries and isn’t only confined to a small group of tech stocks.”