Goldman Sachs Group, Inc. (GS)

389.50
10.31 2.58
NYSE
Prev Close 399.81
Open 400.45
Day Low/High 388.39 / 404.21
52 Wk Low/High 185.52 / 420.76
Volume 2.58M
Exchange NYSE
Shares Outstanding 339.76B
Market Cap 132.80B
P/E Ratio 11.70
Div & Yield N.A. (N.A)
Chinese Ride Hailing App Didi to Debut in Long-Anticipated IPO

Chinese Ride Hailing App Didi to Debut in Long-Anticipated IPO

With backing from some of tech's heaviest hitters, Didi or "beep beep" joins Dingdong in going public this week.

Crypto Sector Shines as Rotational Action Shifts Again

Crypto Sector Shines as Rotational Action Shifts Again

Trading will continue to slow as we approach the long weekend.

Making Sense of Monday, Banks Get Green Light, Dear FOMC, Trading Zscaler

Making Sense of Monday, Banks Get Green Light, Dear FOMC, Trading Zscaler

After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.

We're at a Moment of Unreasonable Confidence

* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...

Bank Carnage

* I am holding on to a non consensus and bearish view on financial stocks.  The price of Citigroup's shares have declined in 11 consecutive trading sessions - for a cumulative drop of -14%.  From The Divine Ms M: Citi pic.twitter.com/gjTYsgf228 — He...

Taking Off the Financial Shorts Now

Goldman Sachs is down big for the third day in a row.  Today another -$11.35 to $359.65.  With the Seabreeze launch in under two weeks, I just took in the trading short rental.  Same goes for Morgan Stanley (-$3.51 to $87.50).

Growth and Value

With interest rates moving lower - growth is now outperforming value in a material way.  Sell banks, short and .

I'd Be Adding to GS, MS

If I was actively trading I would be adding to Goldman Sachs and Morgan Stanley shorts.

Weak Financials

Financials are conspicuously weak this morning. I highlighted concerns again earlier.  Citigroup , the object of my disaffection, is -$3/share in the early going.  is down another three beaners.          

Citigroup and the Large Money Center Banks Appear Fully Priced

* Yesterday afternoon C chimed in on some weakening trends * I expect some modest EPS reductions for 2022 from the Street today * I would be a buyer of C at $68/share   Yesterday I warned, after a doubling in share prices, about the banks, and I sho...

Pressing Shorts in MS and GS

Given my view on banks and brokerages - I shorted small positions in and yesterday. Jun 14, 2021 ' 12:05 PM EDT DOUG KASS About the Banks Repeating for emphasis: I would no longer be long the banks. I am now short (MS) and (GS) . Goldman Sachs which...

Tech Rally, Acronym Animal Crackers, Fed, Dimon Hands, Trading Banks and SoFi

Tech Rally, Acronym Animal Crackers, Fed, Dimon Hands, Trading Banks and SoFi

The public seems to have resigned itself to dealing with a greater degree of inflation for longer than anything I would have considered to be 'transitory.' The again, the public is often as wrong as the Fed.

Jim Cramer: This Is a Market of Stocks, So Shop Around

Jim Cramer: This Is a Market of Stocks, So Shop Around

Let's see what makes an 'aisle' of stocks hot and what makes another messy -- and what I'd suggest you put in your cart.

About the Banks

Repeating for emphasis: I would no longer be long the banks. I am now short and .  

Chinese Ride-Sharing Leader Didi Chuxing Prepares for Year's Largest Listing

Chinese Ride-Sharing Leader Didi Chuxing Prepares for Year's Largest Listing

The IPO is likely to be the largest in the United States this year and would give investors access to the world's largest 'mobility market.'

Minding Mr. Market

Ns over Ss.  Breadth 17-15 most of the day - not too swift considering absolute gains in the Nasdaq and S&P Index.  Ten year yield down another four basis points to yield 1.45% - confounding a lot of bright observers. The downturn in rates - despite...

Minding Mr. Market: All Bets are Off

Market breadth and the Indexes were mostly flat today.   A highlight was the continued decline in bond yields (and higher fixed income prices).   That bond action reinforces my idea of selling the banks and shorting Goldman Sachs .   After the close...

Jim Cramer: I Cannot Believe I Have to Defend Something as Simple as Prudence

Jim Cramer: I Cannot Believe I Have to Defend Something as Simple as Prudence

These younger investors think it's a sin to sell no matter how much money has been made.

Bank Stocks

With interest rates continuing to move lower ( +$1.15/share) and the rate of domestic economic growth slowing, I would be shorting Goldman Sachs and I would be out of all bank stocks.

2 Stocks on the Short Side

I am offering some and on the short side.  

Biden Expands U.S. Investor Ban to China's Surveillance Tech

Biden Expands U.S. Investor Ban to China's Surveillance Tech

U.S. investors will be barred from trading the securities of 59 Chinese companies in a new executive order.

I Have My Doubts About Zoom Video: Here's My Trade Idea

I Have My Doubts About Zoom Video: Here's My Trade Idea

I think that there will be a backlash against remote work as if it were a bad memory.

Dissipating Fear, Too Much Cash, Elizabeth Warren, Software for Sale, Nvidia

Dissipating Fear, Too Much Cash, Elizabeth Warren, Software for Sale, Nvidia

The banks are parking large amounts of dough at the Fed every night. Last Friday's number was the highest single day total since 2017.

Here's Why Walgreens Is Hot, and Nike's Not

Here's Why Walgreens Is Hot, and Nike's Not

Best and worst of the Dow might surprise you.

8 Stocks Investors Should Watch as the U.S. Reopens

8 Stocks Investors Should Watch as the U.S. Reopens

My slightly different approach uses a combination of fundamental and technical factors.

Riptide Market, Larry Summers on the Fed, Crypto Crackdown, Watching CVS

Riptide Market, Larry Summers on the Fed, Crypto Crackdown, Watching CVS

Do you know any business leaders? None of them are going to like the idea of higher corporate taxes. None of them.

A Unicorn With Two Horns? Gojek, Tokopedia to Merge

A Unicorn With Two Horns? Gojek, Tokopedia to Merge

The largest-ever merger in Indonesian history will combine the country's two best-known online brands.

Jim Cramer: Let Me Explain How Good Companies Can Have Bad Stocks

Jim Cramer: Let Me Explain How Good Companies Can Have Bad Stocks

Here's a lesson I learned decades ago at Goldman Sachs about how stocks can move in times like this.

Jim Cramer: This Group of Stocks Make Up the Anti-Inflation Trade

Jim Cramer: This Group of Stocks Make Up the Anti-Inflation Trade

Sure you can but any of these, but do not buy all of them because you will be betting against the business cycle.

Jim Cramer: Don't Get Crushed in the Earnings Gauntlet

Jim Cramer: Don't Get Crushed in the Earnings Gauntlet

This is that 72-hour period when the most important names report. Here's what you need to know to get through it.