Goldman Sachs analysts list their favorite stocks for 2022

Published Thu, Dec 30 20212:01 PM ESTUpdated Thu, Dec 30 20212:20 PM EST

As investors look forward to the new year, Goldman Sachs analysts picked their top stocks for 2022. The firm named favorite stocks across sectors. Issues like reopening, inflation and digitization influenced their picks. "We remain selectively constructive on a mixture of names that are exposed to re-opening themes in 2022 and/or that present the opportunity for mean reversion after periods of 2021 stock underperformance," Goldman internet analyst Eric Sheridan said in a Dec. 19 note. Take a look at five top stocks Goldman says to buy going into 2022: E-commerce giant Amazon is a favorite name for the new year. "Our top stock pick for 2022 remains Amazon as we see them positively exposed to an array of our ten industry themes (including eComm, advertising, cloud computing, media consumption & consumer subscription adoption) & see forward financial performance as a potential positive catalyst," Sheridan said in the note. Goldman also likes big-box retailer Walmart for 2022. The stock is also on Goldman's conviction buy list, a group of top equity ideas at the firm. The firm anticipates Walmart will see "market share gains in US grocery, supported by traffic improvement as consumers place a greater importance on value as stimulus subsides and inflation potentially persists," Goldman's Kate McShane said in a Dec. 14 note. Also in the retail space, Goldman says to buy Nike as it's well-positioned to combat persistent inflation. Nike is among the names that "have strong pricing power and peaking cost pressure over those with potentially structural headwinds (e.g., labor) and weaker pricing power," analyst Jason English said in a Dec. 14 note. Goldman also likes Chipotle Mexican Grill . The firm is bullish on Chipotle's digital strategy and pricing power Chipotle is one of the "technology leaders in the restaurant industry" and has "strong digital moats and impactful consumer-facing and in-restaurant technology integration," Goldman's Jared Garber said in a Dec. 14 note. Aircraft maker Boeing is another name Goldman recommends for the new year, also on the conviction buy list. "As air travel has recovered airlines are increasingly committing to fleet modernization, which we expect to support a continued rebound in new aircraft orders this year," analyst Noah Poponak said in a Dec. 12 note. —CNBC's Michael Bloom contributed reporting.

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As investors look forward to the new year, Goldman Sachs analysts picked their top stocks for 2022.