Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
$147.23
neg -1.02
-0.69%
Today's Range: 147.21 - 153.38 | GS Avg Daily Volume: 3,924,200
Last Update: 02/10/16 - 4:02 PM EST
Volume: 7,605,556
YTD Performance: -17.74%
Open: $150.25
Previous Close: $148.25
52 Week Range: $145.10 - $218.77
Oustanding Shares: 426,536,163
Market Cap: 63,660,522,328
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 4 4 4 4
Moderate Buy 1 1 1 1
Hold 7 7 8 8
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.46 2.46 2.50 2.50
Latest Dividend: 0.65
Latest Dividend Yield: 1.74%
Dividend Ex-Date: 02/29/16
Price Earnings Ratio: 9.81
Price Earnings Comparisons:
GS Sector Avg. S&P 500
9.81 23.40 26.96
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-24.65% -18.64% -2.21%
GROWTH 12 Mo 3 Yr CAGR
Revenue -1.90 -0.06 -0.02
Net Income -28.20 -0.19 -0.07
EPS -28.90 -0.16 -0.05
Earnings for GS:
EBITDA 0.00B
Revenue 39.21B
Average Earnings Estimates
Qtr (03/16) Qtr (06/16) FY (12/16) FY (12/17)
Average Estimate $4.53 $3.76 $17.56 $19.63
Number of Analysts 9 8 10 9
High Estimate $5.89 $4.21 $19.79 $22.42
Low Estimate $3.67 $3.33 $15.67 $17.64
Prior Year $5.94 $4.75 $18.67 $17.56
Growth Rate (Year over Year) -23.70% -20.95% -5.93% 11.79%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
I'm not much of a technician, but the S&P 500 has now broken through the resistance level that three previous attempts failed to breach. (I discussed this further in my opening missive today.)
The 1,850 S&P 500 gap from last Wednesday's opening. The 1,910 S&P 500 resistance level, which the market has probed three times in recent days.
My opener captured my near-term market view and levels of support and resistance.  The market is in the hands of machines and algos -- they are ruining sentiment and our business.  Dow Intradaze!  Words can't describe today's (T)FANG Insanity, which was demonstrated in trading in Amazon (AMZN) both during the trading day (up $52) and after hours (down $80!). Thanks to my pal David Rocker (Rocker Partners legend) for getting me to write about the insanity. My exchanges with Rev Shark in Columnist Conversations are an example of the uniqueness of our site and the value of respected debate.  Auto stocks, despite a good Ford (F) beat, were lower on the day. I wrote again about "Peak Autos."     I covered my small Amazon short in after hours at $549. I plan to re-short on strength.  Here is my short rationale.  Ss (S &P) and Qs (Nasdaq) over Rs (Russell). The U.S. dollar was weaker. Crude oil closed up $1.46 to $33.76. Natural gas was six cents higher. Gold was down $2. I remain uninvolved and I plan to stay uninvolved. Agricultural commodities: wheat and corn were both four cents lower; soybeans got crushed, down fifteen cents. OJ prices ripped higher, up 8%. Bonds got hit a bit and interest rates rose modestly, by one to two basis points in yield. Municipals were flat but closed-end municipal bond funds rose smartly, with some gaining close to 1% --BlackRock Municipal Income Trust II (BLE), BlackRock Municipal Target Term Trust (BTT) and Eaton Vance Municipal Income 2028 Term Trust (ETX) High-yield bonds were well-bid -- iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 40 cents and SPDR Barclays High-Yield Bond ETF (JNK) was up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) had an outsize gain of 35 cents, the largest daily move I can remember, and traded over $13 briefly. I have remarked in each of my last three Takeaways that the price action was improving. Phew! Financials had a good day, with regional banks beating out their money center brethren. I added to Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Comerica (CMA) and Fifth Third Bancorp (FITB) in the last two days. WFC is my long "Trade of the Week." Life insurance stocks were modestly higher. I am long Hartford Financial Services Group (HIG) and short MetLife (MET) and Lincoln National (LNC). Energy stocks responded brilliantly to the crude price rise. Last week I opportunistically covered Schlumberger (SLB) and Exxon Mobil (XOM) at really good prices. Today, SLB was up $4 and XOM rose $1.70! Retail stocks were weaker, but only modestly so. I suspect the proximate cause was higher energy prices.. Old tech was stronger and Microsoft (MSFT) results were an after-hours highlight, with shares up 2%-plus after the close.  Media still is weak, led by my Best Ideas List short, Disney (DIS).  (T)FANG was insane and broadly higher, but obviously got hit after the close, reflecting Amazon's miss. Facebook (FB) was the world's fair, but Netflix (NFLX) was conspicuous in its continued underperformance. I covered FB short last week at $91.30. Tesla (TSLA), my short "Trade of the Week," was flat, including after hours. Here is my NFLX short write-up. The shares are about $20 lower than its price when I put it on my Best Ideas List as a short a bit more than three months ago. So far, so good. NOSH was strong, with Nike (NKE) and O'Reilly Automotive (ORLY) doing well. Starbucks (SBUX) was also higher, a short. CRABBY was higher, thanks to BAC and BGB. Two new Best Ideas flourished -- Goldman Sachs (GS) and Procter & Gamble (PG). GS was up $3.40 and is now $6 above my Best Ideas price entrance. Du Pont (DD) hasn't done as well but was higher today and I am accumulating. More on all three by next week. Weight Watchers (WTW) down by more than a beaner, as Oprah gained four pounds this week from too much bread! Alibaba's (BABA) price reversal was vicious, closing down $3 after being up a like amount. The headline numbers were good, but there was less than meets the eye regarding their quality. I would stay clear of Yahoo! (YHOO) despite a lot of interest that I received from subs. Potash (POT) traded better after the dividend cut. I will update my thoughts on the conference report and results. My other loser, Radian Group (RDN), even rallied. More on this one soon -- still trying to come to grips with the reason for the sharp price drop. Glib, your name is Laszlo Birinyi. I am sorry to write so bluntly, but it's true as I vividly recall his self-confidence on "Fast Money." Self-confidence is the worst trait in a business with so much uncertainty. Remember this message when you get the "hard sells" in the business media. 

Update on 3 New Longs Real Money Pro($)

My new Best Ideas List ideas (longs) -- Goldman Sachs (GS) and Procter & Gamble (PG) -- continue to move ahead today.
I thought today was a picture perfect day for the bullishly inclined. In the market without memory from day to day, the market forgot yesterday. Mr. Market had every reason to continue yesterday's schmeissing. It looked scary at the get go. If someone told you the Chinese stock market would be down 6% overnight, raise your hand if you would have expected the S&P 500 to advance by more than 20 handles? I don't see many hands. At their nadir, the S&P futures dropped by about 17 handles last evening. At 3:45 p.m. ET today, they had rallied by more than 40 handles. During the day there were several small dips; the market had every excuse to sell off, but buyers surfaced. There was an interesting and respectful debate between Rev and myself with regard to the enthusiasm corresponding to today's rally. I don't see it (I see fear and immobility), Rev sees optimism. (See my Columnist Conversation response and Rev's column.) It's an open debate that will not be resolved for a bit more time! Per the last bullet point, the investor sentiment numbers out midweek should be interesting. The U.S. dollar was modestly weaker today. Crude, the tail that wags the market's dog, climbed 90 cents. Natural gas was a penny higher. I covered my oil shorts in the session's early going. Gold was up $17. Treasuries were flattish, with most maturities showing a basis point change of one to two (up and down) in yield. Municipals were offered, but closed-end muni funds traded well.  They had been a source of funds recently). High-yield debt followed the crude market and was better bid. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 70 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 28 cents. Blackstone/GSO Strategic Credit Fund (BGB) regained what it lost yesterday. I have further added over the last three days. Wheat was three cents higher, corn a penny lower and soybeans down a nickel. Lumber was up 2%. FInancials rebounded from Monday's poor showing. The planned acquisition by Huntington Bancshares (HBAN) of FirstMerit (FMER) sparked the regional sector. I continue to add to Hartford Financial Services Group (HIG), Citigroup (C) and Bank of America (BAC). Staples, led by Kimberly-Clark (KMB) and Procter & Gamble (PG), were strong. Old tech was well-bid, though gains were muted. (T)FANG underperformed. But as I mentioned, I believe this is a positive signpost. We want to see leadership broaden and (arguably) excessive speculative valuations curbed.  NOSH was higher, led by O'Reilly Automotive (ORLY). CRABBY was strong across the board, with all six components higher. I had an active trading day; I covered a number of shorts, including Exxon Mobil (XOM), Schlumberger (SLB), iShares MSCI Germany (EWG), iShares MSCI France (EWQ) and iShares MSCI United Kingdom (EWU). I also bought several new positions, including Procter & Gamble

My Latest Market Moves Real Money Pro($)

I've covered my shorts of the iShares MSCI France ETF (EWQ), iShares MSCI Germany ETF (EWG) and iShares MSCI United Kingdom ETF (EWU) for some nice gains.
GS may be approaching a low, but the S&P 500 could fall further.
Bullish
Jan 25, 2016 | 7:51 AM EST
GS was upgraded from Neutral to Buy, Nomura said. Valuation call, based on a $210 price target. 
Oil continues to weigh heavily on global markets today. 

Columnist Conversations

Juniper appears headed for a re test of major support near its 2015 low. With today's 1.5% loss JNPR is ...
$550 million to buy.
Spooking the markets now.
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