Names like AIG, General Motors and Delta Air Lines are examples of companies in different value sectors that also offer growth, Kostin said.
"Goldman Sachs research analysts who cover those stocks have a 'buy' rating with meaningful upsides greater than the upside than I have in the forecast for the overall market," he said.
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Kostin expects the overall market to rise roughly in line with earnings, with the S&P 500 hitting 2,100 by the end of the year.
In addition to value names, U.S. companies that are generating revenue domestically are a "critical" component of a portfolio, he said.
That's because the U.S. economy is growing much more rapidly than Europe's and Japan's, he said.
"If you are a company selling into those end markets, your volumes are just greater," Kostin said. "On a translation from a price perspective, competition exporting and translating those foreign earnings would make it better to own U.S. companies selling domestically."
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Disclosures: AIG, DAL, GM are clients of Goldman Sachs