Goldman Sachs (GS) Offering Possible 16.55% Return Over the Next 8 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $215.00 short put and a strike $210.00 long put offers a potential 16.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $215.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 72.55 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Goldman Sachs

Former Goldman Sachs executive to stand trial in Malaysia next year
Wed, 06 Nov 2019 07:32:28 +0000
Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for allegedly abetting the sale of $6.5 billion in bonds tied to troubled state fund 1Malaysia Development Berhad (1MDB), a judicial official said on Wednesday. Malaysia had temporarily surrendered Ng for 10 months to the United States, where he has been charged for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs Group Inc had handled. Ng has pleaded not guilty to the charges in Malaysia and the United States.

Activision Blizzard (ATVI) Bets on Esports and Mobile Gaming as Q3 Earnings Near
Tue, 05 Nov 2019 23:48:11 +0000
Activision Blizzard (ATVI) is set to report its third quarter performance after the closing bell on Thursday, November 7.

U.S. Shadow Lenders See Loan Volume Slow, Quality Decline
Tue, 05 Nov 2019 20:53:05 +0000
(Bloomberg) — The month of October brought some jumbo unitranche loans to the direct lending market. It also brought declines in the quality and terms of broader deals, according to some participants.Private debt firms were tapped for at least two large transactions — a $1.6 billion refinancing loan for insurance brokerage Risk Strategies and a $788 million transaction for foodservice equipment parts distributor Parts Town LLC. The deals are part of a trend toward bigger unitranche loans, which blend first-priority and subordinated debt into one, so the yield is typically higher than for the first-lien loan.Still, Ares Capital Corp. saw a slow down in deal activity, Michael Smith, co-president of the firm said Oct. 30. The $14.5 billion private debt vehicle had been selected to lend about $665 million, and was working on a pipeline of about $265 million of potential deals, he said.“While these levels are below average, we have seen a recent pickup in our activity and expect the typical year end push we usually see,” Smith said on an investor call. “Furthermore, should the market experience similar volatility as we saw in the fourth quarter of last year, we could have a more active quarter than today’s backlog and pipeline imply.”October Deals*According to PrivCoFalling QualityThough future deal flow signs are encouraging, quality and pricing are both on the decline, according to Tom Newberry, head of private funds at debt shop CVC Credit Partners.“This is another indicator of late cycle behavior, where the easier deals have been done and you see tougher transactions,” Newberry said. “The overall quality we’ve seen is not what we’re accustomed to, but you can find good deals to do if you search and are more diligent.”Pricing on a true first-lien loan is typically around 550 to 650 basis points over Libor, down about 50 basis points from this time last year, according to Newberry.In the middle market, where borrowers typically have $15 million to $50 million in Ebitda, lenders are struggling to fundraise in a competitive landscape, according to Albert Periu, chief executive officer of lower middle-market lender Neptune Financial Inc.“There are people getting squeezed here,” Periu said. “If you’re not playing a differentiated story, you’re having trouble right now.”(Corrects description of Parts Town in second paragraph of story published Nov. 1. Earlier versions of this story corrected attribution in third and fourth paragraph and context around lenders getting squeezed in deckhead and eighth paragraph.)To contact the reporter on this story: Kelsey Butler in New York at kbutler55@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Sally Bakewell, Adam CataldoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

First Horizon (FHN) & IBERIABANK to Merge With $75B in Assets
Tue, 05 Nov 2019 15:05:03 +0000
First Horizon's recent all-stock merger of equals (FHN) with IBERIABANK (IBKC) reflects the companies' strategic efforts for business expansion with diversified products into the Southern market.

Goldman's sub-Saharan Africa CEO Coleman to leave firm
Tue, 05 Nov 2019 13:15:53 +0000
U.S. investment bank Goldman Sachs said on Tuesday that its sub-Saharan Africa chief executive, Colin Coleman, would retire from the firm at the end of the year. Coleman, 57, has headed Goldman's Johannesburg office since 2000 and is one of the country's best-connected bankers, having nurtured ties with senior figures in the African National Congress (ANC) since being involved in the anti-apartheid movement in the 1980s.

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