Goldman Sachs pointed to five companies that, after their recent quarterly results, have room to continue rising. The list includes Shake Shack, Tyson Foods, FMC, Match Group, and Woodward.

FMC: recovery underway

Analyst Duffy Fischer recommended buying FMC shares after their recent drop. The chemical company posted a strong second quarter, and according to Fischer, it faces several short-term drivers.The expert believes that the market has overly punished the company due to price pressure. "With the strategic reduction of inventories completed, we believe that the hardest part of the turnaround is already behind us and the stage is set for a strong rebound in the second half of the year," he stated.He warned that investors should see consecutive improvements for the rise to be sustained. The shares have fallen 25% in 2024.

Tyson Foods: strength in proteins

Goldman Sachs sees a clear advance in Tyson Foods' recovery. Analyst Leah Jordan stated that the third fiscal quarter report gave her "renewed confidence" in the company. Jordan emphasized its diversified protein model and improved execution. She noted that beef is improving, with additional support from chicken, pork, and prepared foods. She raised her price target from $67 to $68. The shares have gained 9% this month. "Greater visibility into the beef cycle is positive for long-term earnings," she stated.

Woodward: leadership in the aerospace sector

Analyst Noah Poponak highlighted that Woodward exceeded expectations in revenue, EBIT, and earnings per share in the third fiscal quarter. The company also raised its annual guidance. According to Poponak, the company has a unique position due to its role as a pioneer in growing programs, along with a diversified business and margin expansion.

So far in 2024, its shares have risen by 49%. Still, the analyst foresees more momentum due to its 'multi-faceted growth story.'

Match Group: focus on Tinder and profitability

Goldman Sachs evaluated advances in registrations and results for Match Group users. However, it emphasized that investors will remain attentive to the execution of plans for Tinder, operational margins, and the balance between investing to grow and meeting the financial targets set for 2024.Shake Shack: expansion with strategic investmentFor Goldman Sachs, Shake Shack is making the right decisions to maintain positive traffic. They highlight its culinary innovation and increased spending in marketing.The firm expects margin expansion at the restaurant level and sustained double-digit growth in openings. Although it implies a short-term cost, it considers it key to compete in the current market.