Tag Archives: Goldman

[unable to retrieve full-text content]Goldman Sachs stumbled while Bank of America surged in first quarter  Yahoo Finance Source link

[unable to retrieve full-text content]Goldman boosts US recession odds after slashing GDP forecast  Yahoo Finance Source link

January 20, 2023, 2:35 PM Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Yahoo Finance Live anchors… Source link

Tesla (TSLA) dropped the bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass-half-empty, half-full approach. Delaney says the price cuts imply concern over reduced demand in the U.S. “While the reduced prices for Models 3 and Y helps the company to better address the roughly 20%-30% of… Source link

[unable to retrieve full-text content]Bank earnings: Goldman Sachs and others see investment banking slowdown, layoffs  Yahoo Finance Source link

Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link

Goldman Sachs (GS) CEO David Solomon expects the stock market’s slide to continue in 2023 and thinks the odds of a recession hitting the U.S. economy are about 2-out-of-3. Speaking at the Wall Street Journal’s CEO Council Summit on Tuesday, Solomon said he expects stocks will be lower, along with oil and real estate (both commercial and residential), while the U.S. dollar is poised to rise slightly next year. Meanwhile, Solomon placed the probability of a “soft landing” — or a slowdown in… Source link

Forget the threat of a global recession in 2023, the team at Goldman Sachs is already thinking about global economic growth potential through the year 2075. “It is almost twenty years since we first set out long-term growth projections for the BRICs [Brazil, Russia, India, China, South Africa] economies and a little over ten years since we updated and expanded those projections to cover 70 emerging (EM) and developed (DM) economies,” Goldman’s macroeconomic team explained in a lengthy 45-page… Source link

The feel good vibes in the markets this holiday season may be coming to an end, warns Goldman Sachs. “The bear market is not over, in our view,” closely followed Goldman Sachs strategist Peter Oppenheimer wrote in a new note. “The conditions that are typically consistent with an equity trough have not yet been reached. We would expect lower valuations (consistent with recessionary outcomes), a trough in the momentum of growth deterioration, and a peak in interest rates before a sustained… Source link

Walmart stock (WMT) continues to be a retail name to own in an uncertain economic environment, according to Goldman Sachs. In a note to clients, Goldman Sachs retail analyst Kate McShane reiterated a Buy rating on the stock, citing three main reasons: “1) strong top-line trends along with market share gains; 2) an improved inventory position, which should support margins due to reduced markdown pressure; and 3) the long-term algorithm (+4% top line and even better operating income growth)… Source link