Goldman Sachs analysts have identified several stocks, including Nvidia, BrightSpring Health Services, Ulta Beauty, and Johnson & Johnson, that they believe possess defensive qualities alongside significant upside potential.

How this affects you

Goldman Sachs has advised investors to consider adding shares of Ulta Beauty on dips, expecting a stronger second half of the year due to improving operating income and EPS guidance, and increased share repurchases. Similarly, they have recommended adding shares of Samsara on any weakness, anticipating improved profit margins and viewing its investor day as a positive catalyst.