Goldman Sachs Group, Inc. (GS)

* Look to the ground (as bank managements are), not to the sky * Most investors should consider taking a "time out" and maintain above average cash reserves  "Who ya gonna believe, me or your lying eyes?" - Groucho Marx, Duck Soup   While the focus ...

Goldman Sachs had a monster beat based on far better than expected trading profits.  I sold my GS at around $207 earlier this year.  GS remains on my Best Ideas List (it was listed on 12/17/28 at $169.95) and was trading at about $224 in pre-market ...

* Bank stocks, viewed as intermediate term investments, are now uncommonly cheap * My June 5 expectation for "backing and filling" in the group has been realized * This week's EPS reports could mark the industry's nadir in operating fundamentals * G...

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

Citigroup has initiated a Sell rating on Beyond Meat BYND, and Netflix NFLX was awarded a Street-high price target of $670 at Goldman , up from $540.    

* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure To summarize some my recent activity: * I took off numerous investment longs (for profits) into the rally -- including , , ...

* An ideal short selling entry point lies ahead There was an over reaction - that continues this morning in the futures market - to the Fed's purchase of corporate bonds which was previously explicitly announced. There was no new money announced, ju...

* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...

* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...

This morning Deutsche Bank reduced to hold from buy. When GS traded to $240+ (pre-Covid-19) I profitably sold my entire GS long holdings. As the share price cratered, all the way down to about $135 during the coronavirus scare, I aggressively bought...

We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...

* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...

* Market breadth has been shrinking all afternoon (at 3pm less than 100 more advancers over decliners). * Oil up a beaner to $23.72/barrel. * Gold down small. * Bond yields +2 basis points. * and FAANG experiencing some strength - but not impressive...

* I have sold the balance of my Twitter holdings I continue to whittle down my long book after the "rip your face rally" over the last two months. Towards that end I earlier sold my entire Goldman Sachs position. Yesterday I halved my Twitter holdin...

Goldman Sachs traded as low as $130/share on March 19, 2020. (I have been a constant and aggressive buyer on weakness throughout the last few months.) The shares are +$10, after being +$13 yesterday - trading back to over $206 this afternoon. I have...

Bank stocks look poised and are well bid in premarket trading. is indicated +$3 on top of yesterday's +$7 gain. (It is my Trade of the Week). looks like it might open above $200/share!

* Banks +8% as growth is in the red on the day * Given the overweighting in portfolios, exchange-traded funds and jndexes of Microsoft and FAANG stocks -- a relatively small disintermediation could fuel banks and other value names.  * Sell in May an...