| Prev Close | 407.59 |
| Day Low/High | 409.10 / 415.36 |
| 52 Wk Low/High | 185.52 / 420.76 |
Goldman Sachs Group, Inc. (GS)
414.32
NYSE
| Exchange | NYSE |
| Shares Outstanding | 339.76B |
| Market Cap | 138.48B |
| P/E Ratio | 11.70 |
| Div & Yield | N.A. (N.A) |
Jim Cramer: New Investors Are Driving This Rollercoaster
Young day traders have flocked to the market, and they don't know a balance sheet from a ball of yarn.
It May Be Time for Financials to Consolidate a Bit Now
* 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...
From The Street of Dreams
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...
China Gloats Over U.S. Chaos But Faces Curbs on Access to Capitalism
Scrutiny of overseas listings and corporate purchases by Chinese companies is set to intensify.
Kass: 1968 Redux?
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
2020 Is Looking a Lot Like 1968, Without the Good Music
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...
My Tactical Approach and Current Positioning
* 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...
Some Late Day Takeaways
* 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...
Goodbye to My Little Blue Bird
* 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...
Out of Goldman Sachs!
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...
Booyah, Banks!
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!
I'm Pivoting Sharply From Growth to Value
* 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...
Jim Cramer: We Have a Rip Snorting Rally Unfathomable 2 Months Ago
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
Poorly Positioned Market Participants Are Run Over by Surging Optimism
The easiest mistake to make in this market is to focus too much on the indices and not understand the rotations that are taking place -- and the opportunities in individual stock picking.
Jim Cramer: It's Still Better to Be Safe Than Sorry
Let's step back and look at this market that has abandoned all sorts of safety and went all in on the stocks of companies based on the Fed's words and a promising Moderna study.
Goldman Sachs Now
Speaking of narratives... the day started with the view that Berkshire's sale of Goldman Sachs was a negative for the shares (something that I tried to refute in my first post of the morning at 7:45 am). GS is trading +$10/share today!
Berkshire and Goldman Interpreted
The not unexpected Berkshire - Goldman Sachs news occurred Friday nite so I will reposte my interpretation of Warren's move: May 15, 2020 ' 06:20 PM EDT DOUG KASS Buffett and Bank Stocks Wells Fargo (WFC) investors will likely be relieved (on Monday...
Buffett and Bank Stocks
Wells Fargo investors will likely be relieved (on Monday) that Berkshire Hathaway sold none of its shares according to its just reported 13-F. (There were vague rumors that Buffett was selling). Berkshire liquidated most of its Goldman Sachs positio...
Traders Back in the Pit, Semiconductors Rising, Judging Bank Stocks
NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.
The Overarching Level of Uncertainty Combines With Shifting and Worrisome Paradigm Shifts
* Big picture changes loom on the investment horizon * Many of these paradigm shifts are disruptive and market unfriendly * There will be some industry winners (healthcare/biotech, internet, packaged foods) but many industry losers (hotels, airlines...
6 Financial Stock Picks for Value Investors
If you're looking for value, yield and have a three to five-year investment horizon, take note of these names.
Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers
Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.
Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market
There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.
Go Goldman!
Goldman Sachs is nearly +$10/share from its day's low in the early going. I added today as posted. I will be updating all my financial holdings over the next few days after this week's EPS releases.
Today's Trades
I added to the following longs: , , , , and . I sold a portion of my puts.
Divining Earnings, Stunning Rebound, Trading Amazon
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
We're Not Putting Stock in the Economy ... We're Putting It in the Fed
The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.
Brace for Hitting a Dividend 'Pothole'
While there will be bumps, thuds and even some damage, 2020 will by no means bring about an end to dividend investing.
My, How Quickly We Change Our Views
The banks are changing their stance, so let's see what the indicators say.
