Goldman Sachs’ chief US equity strategist David Kostin doesn’t see much upside to the S&P 500 through the end of this year. But he expects plenty of individual stocks to outperform. In Kostin’s most recent US Monthly Chartbook, provides an updated list of stocks with the most upside potential. While Oil and gas firms, including drillers and refiners, dominate the list, it includes companies from a broad range of sectors. In fact, Goldman’s analysts speculate the 40 stocks on Kostin’s list offer anywhere from a 23 percent to a 57 percent upside compared to their current prices. Following are Goldman’s 40 most undervalued stocks in today’s market, their sectors and recent prices:

40: Apache (APA), Energy, $75.87

39: Expedia (EXPE), Online Travel, $58.59

38: Ford (F), Cars, $14.10

37: Prudential (PRU), Financial, $65.58

36: Alexion (ALXN), Pharmaceuticals, $97.28

35: Eastman (EMN), Pharmaceuticals, $68.26

34: EMC (EMC), Data Storage, $23.30

33: Freeport-McMoRan (FCX), Mining, $31.46

32: Eaton (ETN), Electrical Infrastructure, $62.03

31: PerkinElmer (PKI), Life Sciences, $30.99

30: Joy Global (JOY), Mining, $58.60

29: Schlumberger (SLB), Energy, $76.26

28: Amazon (AMZN), Internet, $256.22

27: Altera (ALTR), Computer Hardware, $33.23

26: Newfield Exploration (NFX), Energy, $22.78

25: Anadarko (APC), Energy, $87.83

24: Precision Castparts (PCP), Advanced Technology Parts, $191.05

23: Pioneer (PXD), Energy, $133.82

22: Cabot (COG), Energy, $68.12

21: Qualcomm (QCOM), Telecom, $63.89

20: National Oilwell Varco (NOV), Energy, $68.34

19: Range Resources (RRC), Energy, $74.45

18: Expeditors International (EXPD), Logistics, $37.84

17: Phillips (PSX), Refining, $63.83

16: Marathon (MRO), Energy, $33.64

15: Devon Energy (DVN), Energy, $59.09

14: Salesforce.com (CRM), Customer Relationship Management, $42.54

13: Edwards Lifesciences (EW), Biotech, $64.10

12: Cummins (CMI), Transportation Manufacturing, $111.12

11: QEP Resources (QEP), Energy, $27.80

10: Noble Energy (NBL), Energy, $113.45

9: Goodyear (GT), Parts, $12.77

8: Dover (DOV), Advanced Manufacturing, $71.98

7: Southwestern (SWN), Energy, $37.09

6: Intuitive Surgical (ISRG), Medical Appliances and Equipment, $502.83

5: Halliburton (HAL), Energy, $48.13

4: EOG Resources (EOG), Energy, $126.00

3: Nabors (NBR), Energy, $15.69

2: Teredata (TDC), Data Services, $51.61

1: Marathon Petroleum (MPC), Refining, $79.97