Starbucks (SBUX, $113.41), Microsoft (MSFT, $299.87), Alcoa (AA, $48.88)and others are on Goldman Sachs "underappreciated" list

Computer chips, coffee and metals companies are included in Goldman Sachs’  list of 29 "underappreciated" stocks released Friday. Here’s a summary of Goldman’s views on some of these stocks:

Advanced Micro Devices  : Market share gains in client and server central processing segments on the back of gross margin expansion and operating expenditure leverage should lead to positive revisions to near-and medium-term earnings-per-share.

Starbucks: The economic re-opening in the U.S. and abroad, along with the company’s significant scale, market share gains and operational efficiencies should boost multi-year earnings power. Management recently mentioned that cost of goods sold should not be a headwind in FY21/22.

Alcoa  : Significant leverage to a positive aluminum price outlook should lead to higher earnings and free cash flow generation allowing for deleveraging and capital allocation flexibility to pursue shareholder return.