Tag Archives: Goldman

The market’s challenges may persist, prompting Goldman Sachs to stay cautious on recommending stocks even though they are at far cheaper levels than six months ago. “Until the growth/inflation mix improves volatility is likely to linger as investors are shifting between inflation frustration and recession obsession,” Goldman Sachs strategist Christian Mueller-Glissmann wrote in a new note to clients, adding that Goldman is positioned “defensively” for the next three months until macroeconomic… Source link

Goldman Sachs is kicking a streaming dog when it’s down. Goldman analyst Eric Sheridan slashed his rating on Netflix (NFLX) shares to Sell from Neutral on Friday, sending the stock off as much as 5% in pre-market trading. Sheridan cut his price target on Netflix to $186 from $265. “We have concerns around the impact of a consumer recession as well as heightened levels of competition on demand trends (both in the form of gross adds and churn), margin expansion, and levels of content spend and… Source link

Goldman Sachs emerged as one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could be forcing the investment bank to reverse course and offer employees more time away from their desks instead. In an internal memo seen by the Financial Times, the investment bank said it would offer junior staff a minimum of two extra days off each year. But senior staff will get an even bigger perk—one more commonly associated with Silicon Valley than… Source link

(Reuters) – Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can “take time off when needed without a fixed vacation day entitlement,” the newspaper added. All employees are expected to take at least 15… Source link

Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense The S&P 500 is down 16% so far in 2022. While investor sentiment is far from bullish these days, Goldman Sachs sees opportunity in one specific group of companies: those that return cash to investors on a regular basis. “We continue to recommend investors own stocks with high dividend yield and growth,” Goldman’s chief U.S. equity strategist… Source link

Investors should lean toward owning stable stocks amid the increasingly volatile economic backdrop and hope for the best, fancies Goldman Sachs. Goldman strategist Ben Snider said in a new note Tuesday that stable stocks — or ones that sport low share price and earnings growth volatility — are a must-own in this current moment. The strategist said the investment bank’s basket of stable growth stocks has outperformed the S&P 500 by five percentage points during the past six months as… Source link

With recession calls on Wall Street picking up as the Federal Reserve embarks on what could be up to eight interest rate hikes this year, Goldman Sachs no longer wants to be left out of the growing crowd. “Our analysis of historical G10 episodes suggests that although strong economic momentum limits the risk in the near-term, the policy tightening we expect raises the odds of recession. As a result, we now see the odds of a recession as roughly 15% in the next 12 months and 35% within the… Source link

Goldman Sachs isn’t yet ready to join the chorus of its peers in calling a U.S. recession, but it sure appears to be inching closer to that frenzied camp. “We do put some weight on the historical patterns [of the labor market] and believe that the overheating of the labor market has raised the risk of recession meaningfully. The yield curve seems to discount a recession probability in 2023 of about one in three, roughly double the unconditional average, and we would broadly concur with this… Source link

By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, even as he balked at paying the insurer’s banking fee, a regulatory filing on Monday shows. Alleghany said its Chief Executive Officer Joseph Brandon met with Buffett for dinner in New York City on March 7, where after some “casual conversation” Buffett offered $850 per share in cash for the… Source link

Fighting a strong trend toward hybrid work, Goldman Sachs CEO David Solomon has repeatedly insisted that employees return to the office full-time, leaving no doubt that he views remote work as a temporary aberration. But on the day the investment banking giant reopened its U.S. offices in February, after shutting down during the Omicron wave, just 50%, or about 5,000 of the building’s 10,000 workers, returned to its New York headquarters, despite receiving more than two weeks’ notice. In… Source link