Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
pos +2.32
Today's Range: 157.80 - 162.41 | GS Avg Daily Volume: 2,628,700
Last Update: 09/30/16 - 4:01 PM EDT
Volume: 4,493,294
YTD Performance: -11.81%
Open: $159.95
Previous Close: $158.95
52 Week Range: $138.20 - $199.90
Oustanding Shares: 405,461,645
Market Cap: 66,272,705,875
6-Month Chart
TheStreet Ratings Grade for GS
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 5 5 6 6
Moderate Buy 1 1 1 1
Hold 7 7 7 5
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.36 2.36 2.27 2.15
Latest Dividend: 0.65
Latest Dividend Yield: 1.59%
Dividend Ex-Date: 08/30/16
Price Earnings Ratio: 15.42
Price Earnings Comparisons:
GS Sector Avg. S&P 500
15.42 15.40 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
9.24% -7.51% -0.56%
Revenue -2.20 -0.10 -0.02
Net Income -28.20 -0.20 -0.07
EPS -28.90 -0.20 -0.05
Earnings for GS:
Revenue 39.21B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $3.84 $4.28 $14.33 $17.68
Number of Analysts 8 7 7 7
High Estimate $4.51 $5.11 $15.20 $19.84
Low Estimate $3.19 $3.57 $13.15 $16.50
Prior Year $2.90 $4.68 $18.67 $14.33
Growth Rate (Year over Year) 32.33% -8.55% -23.24% 23.37%
Chart Benchmark
Average Frequency Timeframe
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Symbol Comparison Bollinger Bands
My forecast that the U.S. economy is slowing. My expectation that there will be no Federal Reserve rate hikes over 2016's balance. The banking-and-brokerage sector's unfavorable risk vs. reward following its large recent run-up.
While the stocks have bounced off their June lows, there appears to be far more upside from here.
American Express and Potash are among such finds.

My Takeaways and Observations Real Money Pro($)

Oil is lower yet energy stocks -- including my shorts Exxon Mobil (XOM) and Schlumberger (SLB) -- are higher. Treasury yields are lower and the yield curve flattens, yet banks and financials are higher. The U.S. dollar is stronger yet consumer staples are higher. Fertilizer stocks are crap.  My Trade of the Week is
I learned a long time ago, don’t outthink it.

My Short Take on the Market Real Money Pro($)

I initiated shorts last week of Exxon Mobil (XOM) , Goldman Sachs (GS) , Morgan Stanley (MS) , Schlumberger (SLB) , the United States Oil ETF (USO) in preparation for a possible "September to Remember" -- and I have more such moves coming.
The U.S. dollar strengthened on New York Fed President Stanley Fischer's hawkish comments. The price of crude oil is flat. Gold also flat lined. A $1,300 to $1,310 test seems possible. Entry point? A wild day in agricultural commodities: wheat -18, corn -5, soybean -14 and oats -6. (To those in Comments Section, I would continue to avoid fertilizers. I don't understand the interest in purchasing Potash (POT) down below! Double entendre! ) Lumber rallied by a beaner after being lower this week. Municipals are flat but closed-end muni bond funds are getting hit by profit taking; I would be out of/avoid this asset class. Junk bonds are unchanged. Banks continue to act swell, led by Bank of America (BAC) . Insurance is slightly higher but my fav long, Hartford Financial Services Group (HIG) , continues to lag. Brokerages, up big, are flat. I initiated shorts in MS and GS based on the magnitude of the recent rally, reduced expectations for capital market activity and a flattening yield curve. Retail was broadly lower. I addressed the headwinds facing dollar-store companies in my opening missive. Both DG and DLTR reversed by more than $2 from the morning highs. Home Depot (HD) also is lower again (Some interest in this name in the Comments Section; I would continue to avoid after a period of outperformance). Biotech is flat as a pancake. Energy stocks moved lower despite a modest rise in the price of crude. I initiated trading shorts in U.S. Oil Fund (USO) , Schlumberger (SLB) and Exxon Mobil (XOM) this week. Autos down on the day. I pointed out the rise in subprime auto delinquencies yesterday as another signpost of Peak Autos. Staples have been hit on a stronger U.S. currency. Media is weaker. Here are some value-added contributions on our site today: Jim "El Capitan" Cramer on what's real or Memorex? Jim also chimes in on his view of the dollar-store space. Mark "Nashville Cats" Sebastian on a Financial Select Sector SPDR ETF (XLF) game plan.  Rev Shark on possible reactions to the Fed.  Ed Ponsi "Scheme" on how to play Jackson Hole. 

Today's Trades (and Prices) Real Money Pro($)

I initiated shorts of Goldman Sachs (GS) at $167.62 and Morgan Stanley (MS) $31.32. I added to my short of the SPDR S&P 500 ET
No timetable for Fed rate hikes. No nod to the data. Nothing new. As I said in my opening missive, it's time to move on -- and f
Crude hasn't bottomed despite a weaker dollar and looming producer summit.

Columnist Conversations

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