|Day Low/High||145.23 / 150.92|
|52 Wk Low/High||130.85 / 250.46|
New management seems to be doing a better job than Lloyd Blankfein did, but I remain skeptical.
Watch closely as the government opens a broad antitrust investigation into unidentified leading online technology platforms
Kimberly-Clark's performance is nothing to sneeze at, and neither is Coca-Cola's, as higher sales, higher prices and big demand from emerging markets appear to give us a return to the good old days of great senior growth stocks.
Owners of Apple could be treated to a positive earnings report next week.
The big banks that have reported have made a combined total of $29.5 billion. That's astonishing.
Before you take as gospel the business media talking heads who say Bank of America had a clear beat -- I would take a look at the lower effective tax rate in the quarter. The BAC results were basically in-line, adjusted for the aforementioned reduct...
It is still a surprisingly sedate market, despite indexes sitting close to all-time highs, earnings season, possible interest-rate cuts and endless speculation about China trade.
With volatile swings following its quarterly earnings release, JPM still appears to have investor confidence.
JPM joined other banking heavyweights in exceeding expectations at least at the headline level.
From the Google witch hunt to the demonizing of Facebook's Libra dial it back now before all of this gets way too out of control.
Since I have expanded my vol long I wanted to pass on this fact from Goldman's desk: As we kick off earnings season... * Options imply a +/- 3.9% move for the avg stock on its earnings day this season. * This is the lowest avg implied move on reco...
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
* I bought GS low when no one was interested in the name and I would sell it high (on the recent strength) Goldman Sachs had a meaningful earnings and sales beat in 2Q19 - with across the board strength in most product lines. Back when the market wa...
The bulls will say this is healthy consolidation that will set up another leg higher, while the bears will say this is an indication of indecision and is a prelude to a rollover.
JPMorgan had a nice (headline) beat, but results were positively impacted by a non-recurring gain of nearly $0.25. Equities sales and trading, investment banking and net interest income (margins) were under consensus expectations. I don't own this n...
Keep in mind that stocks and indices at all-time highs don't just suddenly collapse.
This matters: Why the sudden 'weakness' across European debt markets?
The indices are in good shape technically, although there was choppy and inconsistent action under the surface Thursday.
There were two notable shifts in trading action Thursday.
* Mr. Market is underpricing risk and I am trading and investing accordingly * I added new positions in DB and VXX * I sold my gold long GLD I have been increasingly active (and bearish) over the last week: * I have added to my bond short - now very...
After the initial market drop, Mr. Market traded in a rather narrow range throughout the afternoon. * Bonds reversed -- as yields closed modestly higher. * Gold continued to take it on the chin (I sold out of my a week or two ago, when the Relative ...
With Goldman Sachs off the day's lows and now trading over $207 - I have moved (as promised!) back to small-sized from large-sized.
There has been a marked change in positioning of Goldman Sachs' hedge fund clients - to more bullish. And this might be bearish: When looking at US equity positioning indicators, it's evident that investors currently have more chips on the table rel...
Goldman Sachs was added to my Best Ideas List on December 17, 2018 at $169.95. The shares closed on Friday at over $207. Earlier in the year I moved from large to small-sized at about $200/share - taking in a large profit. In late May, early June 20...
I am neutral on this market, and only a cool off of the hottest stocks can justify a further advance.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.