Tag Archives: Sachs

The rout in a good number of cyclical stocks amid resurgent COVID-19 infections this past month is overdone and it’s time to buy ahead of a coming big rally, contends Goldman Sachs.  “Among U.S. industries, Airlines (19% below its 52-week high) and Hotels (11%) rank among the laggards in recent weeks. If our economic outlook proves correct, these stocks should rebound in coming months. Likewise, the Energy sector trades 12% below where it traded a month ago and our commodity strategists’… Source link

Bitcoin cryptocurrency coins and a PC motherboard are pictured in Kyiv on 19 July, 2021. (Photo by STR/NurPhoto via Getty Images) Valuing a cryptocurrency is not nearly as simple as valuing a stock. A stock is a piece of a company, and you can look at what the company owns and its revenue, costs, profits, and trends to determine some sort of estimate of its worth. For crypto, it’s far more nebulous since coin values aren’t usually connected to revenues, profits, or any of the usual… Source link

Goldman Sachs (GS) reported second-quarter earnings results on Tuesday that far exceeded Wall Street’s expectations, driven by strength in investment banking. Here were the key figures versus expectations:  Adjusted earnings per share (EPS): $15.02 per share vs. $10.15 estimate Revenue: $15.39 billion vs. $12.43 billion estimate Goldman’s investment banking business posted its second-best quarter ever with $3.61 billion, following a record first quarter. Revenue from investment banking… Source link

Being a successful investor this coming earnings season may be as easy as paying attention to companies with the best potential to expand profit margins amidst the current bout of inflation across spectrums such as raw materials and labor, Goldman Sachs reasons.  The smartest investors in the game appear to already be placing that bet. “Investors have started to reward companies with attractive margin profiles. Our valuation model shows that profit margins are the second most important driver… Source link

The latest OPEC standoff that is keeping oil prices at lofty levels opens the door for investors to potentially profit from several oil-related stocks, according to Goldman Sachs energy analyst Neil Mehta.  Mehta outlined 10 oil stocks he is bullish on in a new piece of research on Tuesday: (1) Occidental Petroleum (OCY); (2) ExxonMobil (XOM); (3) Ovintiv (OVV); (4) Diamondback Energy (FANG); (5) ConocoPhillips (COP); (6) EQT Corporation (EQT); (7) Pioneer Natural Resources (PXD); (8) Devon… Source link

Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.  “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.  Kostin says the… Source link

Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by Over 100% Markets are beset by volatility, with unpredictable swings making recent sessions something of a roller coaster. The main indexes were falling sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing activity provided a boost that pared back the market losses somewhat. The recent earnings season also gave reason for optimism – the S&P listed companies, collectively, reported… Source link

It’s time to take bitcoin way more seriously as an investable asset, says Goldman Sachs.  “Bitcoin is now considered an investable asset. It has its own idiosyncratic risk, partly because it’s still relatively new and going through an adoption phase,” said Mathew McDermott, Goldman Sachs’ global head of digital assets, in a new piece of research. “And it doesn’t behave as one would intuitively expect relative to other assets given the analogy to digital gold; to date, it’s tended to be… Source link

Goldman Sachs thinks the surprisingly lackluster April jobs report could be partially explained on the generosity of Uncle Sam.  “We see two partial explanations for the payrolls disappointment. First, reopening effects likely overlapped with normal seasonal hiring patterns, resulting in less-impressive job gains on a seasonally-adjusted basis. Second, labor supply appears to be tighter than the unemployment rate suggests, likely reflecting the impact of unusually generous unemployment… Source link