Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
$139.51
neg -2.35
-1.66%
Today's Range: 138.20 - 141.23 | GS Avg Daily Volume: 3,097,700
Last Update: 06/27/16 - 4:00 PM EDT
Volume: 7,394,284
YTD Performance: -21.29%
Open: $140.07
Previous Close: $141.86
52 Week Range: $139.05 - $218.77
Oustanding Shares: 415,394,033
Market Cap: 63,414,053,078
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 6 6 6 5
Moderate Buy 1 1 1 1
Hold 5 5 5 7
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.15 2.15 2.15 2.36
Latest Dividend: 0.65
Latest Dividend Yield: 1.70%
Dividend Ex-Date: 05/27/16
Price Earnings Ratio: 17.19
Price Earnings Comparisons:
GS Sector Avg. S&P 500
17.19 17.20 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-7.28% -33.84% -5.92%
GROWTH 12 Mo 3 Yr CAGR
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:
EBITDA 14.17B
Revenue 39.21B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $3.25 $4.06 $14.60 $18.12
Number of Analysts 8 7 6 7
High Estimate $4.05 $4.64 $15.93 $20.16
Low Estimate $3.03 $3.83 $13.90 $17.00
Prior Year $4.75 $2.90 $18.67 $14.60
Growth Rate (Year over Year) -31.61% 40.10% -21.82% 24.11%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. Crude oil rose by nearly a beaner to $49.50. Nat gas climbed a penny. Another weak day for gold, down $5.50 to $1223; I wrote upon the subject yesterday and previously. Agricultural commodities: wheat +2, corn +7, soybeans +31(!), oats +1. Lumber +5. Bonds fell. iShares 20+ Year Treasury Bond ETF (TLT) down half a beaner. The yield on the 10-year U.S. note was unchanged, with the yield at 1.86%. The long bond yield rose by two basis points to 2.67%. Municipals were flat and so were closed-end muni funds. The high-yield market was bid for. iShares iBoxx High Yield Corporate Bond ETF (HYG) up 15 cents and SPDR Barclays High Yield Bond ETF (JNK) up a nickel. Blackstone/GSO Strategic Credit Fund (BGB) was three cents higher and appears to be challenging the recent highs. Banks were the standout group despite no normalization in the yield curve. Insurance was broadly higher. My long, Hartford Financial Services Group (HIG), lagged -- I added. Brokerage stocks on fire. Morgan Stanley (MS) up 40 cents and Goldman Sachs (GS) up $4. Retail rallied after being sold off for weeks. Shorts Nordstrom (JWN) was up 20 cents and Foot Locker (FL) up 75 cents. Energy stocks followed the rise in crude oil. Schlumberger (SLB) was up $2. Old tech was led by an outsize gain in IBM (IBM), up $3, but Intel (INTC), Microsoft (MSFT) and Cisco (CSCO) all were stronger. Media lagged. Comcast (CMCSA) and Disney (DIS) were up only modestly. Staples were higher, but not materially so. Nevertheless, my Consumer Staples Select Sector SPDR Fund (XLP) short (Trade of the Week) is stinking up the joint. Agricultural equipment was strong, with Deere (DE) up 80 cents and Caterpillar (CAT) up $1.30. (T)FANG looks like it is being rotated out of. NOSH was lower, save O'Reilly Automotive (ORLY). CRABBY was led by Citigroup (C) but hurt by Alleghany (Y). In individual stocks, Apple (AAPL) continues its forceful move, up $1.75. It is now in my shorting range. Stay tuned. Potash (POT) recovered from yesterday's loss. Twitter (TWTR) had a dead-cat bounce. DuPont (DD), my large cap fav, looks like it has a mission at $70. My fav short, Coca-Cola (KO), is flat. Oaktree Capital Group (OAK) is better; I have been buying. Here are some valueable columns form Real Money Pro today: Jim "El Capitan" Cramer takes an opposite view of mine on banks. Hey, Mikey, he likes theme!  Rev Shark on lull lite.  Tim "Not Judy or Phil" Collins on investor sentiment, which I believe is fueling the market, in part, this week.  Another one on sentiment from Rev.  Jeremy LaKosh on Staples (SPLS). 

Recommended Reading Real Money Pro($)

Bloomberg has a good article today on Goldman Sachs (GS) and Morgan Stanley (MS) raising price targets and/or ratings on Tesla (TSLA) right around the time that the firms got underwriting business from the automaker.
This version of the pattern is only the third one on the S&P 500 this century.
Update
May 20, 2016 | 7:02 AM EDT
GS - Goldman Sachs Group Inc Annual Shareholders Meeting - 8:30AM

My Takeaways and Observations Real Money Pro($)

A lot of intraday volatility for the second day in a row. Newsy and tough to navigate, so reduce VAR (value at risk). I am. The Russell was the worst major index performance-wise. I recently pressed my short in iShares Russell 2000 ETF (IWM). The U.S. dollar strengthened for the second day in a row, bolstered by Fed-speak yesterday. I personally expect no rate hikes this year, as mentioned in my 15 Surprises for 2016. Stay tuned. Crude oil close about flat after being much lower. Nat gas rose by three cents. Gold was down another $18.70 to $1,255. To me, as previously mentioned, $1,300 is big resistance. And long gold is a crowded trade in the hedgehog community. I am staying away. Not sure how precious metals fare if my "stagflation" expectations are realized. Agricultural commodities = schmeissburger! Wheat -12, corn -10.50, soybeans -5.25 and oats -4.50. Lumber has an outsize loss of nearly $10.00. Bonds rallied from Wednesday's shellacking. The 10-year dropped by three basis points to 1.85% and the long bond fell by five basis points to 2.64%. Again I wouldn't chase bank stocks in light of the flat yield curve and low absolute level of rates -- that trade is also getting crowded. Municipals were only slightly lower, but it was "the day the music died" for closed-end municipal bond funds. Some funds dropped by more than 2% today. High yield was sold. Blackstone/GSO Strategic Credit Fund (BGB) got hit, like closed-end muni bond funds. Banks gave up about a third of yesterday's rise, but no real damage. Insurers got hit badly. My shorts Lincoln National (LNC) and MetLife (MET) were down about 70 cents each. I was a large buyer of HIG, which suffered about half the losses of the life companies. Brokerages got schmeissed. Morgan Stanley (MS) was down 60 cents and Goldman Sachs (GS) reversed yesterday's large gain by falling $4.80. Retail followed Walmart (WMT), which was up $6, higher.  My short, Nordstrom (JWN), was up 75 cents, though Target (TGT) continued its fall from Wednesday. Agricultural equipment moved lower on weak CAT data and lower ag commodities prices. Not a peep from the "bottom fishers" on this one. Rug sweepers, I call them. Old tech was weak despite a beaner rise in Cisco (CSCO). IBM (IBM) was off $2.50 and a feature to the downside. Staples were stronger, despite a strong currency. However, my short, Coca-Cola (KO), was lower on the day. Energy stocks continued to climb. My shorts were higher, with Schlumberger (SLB) up 90 cents and Exxon Mobil (XOM) up 60 cents. Media weakened. My principal short, Disney (DIS), continues to show a rollover in price. I know many on this site are keen on the shares; I am not. Biotech suffered. iShares Nasdaq Biotechnology ETF (IBB) was down $4. Valeant (VRX) was down again (Wells lowered numbers) and I would continue to avoid it. My unowned biotech basket was mixed to lower. I continue to view biotech as unattractive despite the magnitude of the drop from the 2015 high. Autos were lower, again; the group is a value trap to me and breaking down technically. Peak Autos. (T) FANG was mixed. The upside was Tesla (TSLA), $4 higher, and the downside was Alphabet (GOOGL), off $6.31. NOSH was higher on the day. Nike (NKE) rose $1 CRABBY was lower, save Alleghany (Y). In individual stocks, fertilizers led the upside today. Others of interest exhibited marginal price movement. Here are some good columns on Real Money Pro today: Jim "El Capitan" Cramer believes WMT has turned.  Tim "Not July or Phil" Collins on how to play Deere (DE).  Gary Morrow is a fan of Salesforce (CRM).  Daniel "Oil Vey" Dicker answers some questions from subscribers on five oil stocks.  Rev Shark on the Fed rate hike and economists' calls. (Rev, I never met a one-handed economist!) 
When they tell you to buy, it is often they who are selling.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened after the Fed's statement. Crude oil was 22 cents lower, closing at $48.09. Gold -- everyone's favorite commodity these days (I am suspect!) -- fell by $12.50 to $1,264. Agricultural commodities were lower: wheat -3,  soybean -7, oats -3. Lumber was -5. Bonds got schmeissed. For now (in response to some questions in Comments Section), I would avoid anything fixed income or sectors that are bond equivalents. The yield on the 10-year leaped by 11 basis points to 1.87%. The long bond rose by nine basis points to 2.68%. Municipals dipped, with taxables' weakness. Closed-end municipal bond funds finally got hit. High-yield bonds were down small. Financials were the world's fair, responding to a hawkish Fed. Banks were spectacular, as were insurance and brokerages, with Morgan Stanley (MS) up more than 4% and Goldman Sachs (GS) up nearly 3.5%. Despite a downturn late in the day they are holding on to most of their gains. Retail continues to be a downside highlight after the big Target (TGT) guide downward. Best Ideas short Nordstrom (JWN) down another beaner.  Old media lagged, led by IBM (IBM). Autos looked flat from the cheap seats! Media struggled, with fav short Disney (DIS) down another $1, breaking par. Comcast (CMCSA) was unchanged. Consumer staples were lower across the board. I will have more on this vulnerable group in the next few days. I remain and have added to my short in Coca-Cola (KO), due to rising costs, lower unit sales and high relative valuation. Energy stocks were lower following a modestly lower energy price. Schlumberger (SLB) was down nearly $1.75 though Exxon Mobil (XOM) was off fractionally. Biotech was up 1.5%. My unowned biotech basket rallied. (T)FANG was stronger on a GS upgrade of Tesla (TSLA), up $7. CRABBY was fueled by Citigroup (C), up $2-plus, and Radian Group (RDN), up 3%. In individual equities, Oaktree Capital Group (OAK) rose 50 cents on financial strength. POT fell off after two good days; I added at $16.15 late in the day. Here are some good columns on Real Money Pro today: Jim "El Capitan" Cramer on Day Two.  RevShark on the Fed versus machines.  Tim "Not Phil of Judy" Collins on the retail wasteland.  Casey Hoerth on the exploration-and-development fallout.  Divine Ms. M is not level on the market!

Novice Trade: JPMorgan Chase Real Money Pro($)

Look for JPM to run higher with the rest of the market.

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