Goldman Sachs (GS) Offering Possible 20.48% Return Over the Next 28 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $210.00 short call and a strike $220.00 long call offers a potential 20.48% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $210.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $8.30 would be incurred if the stock rose above the $220.00 long call strike price.

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

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

The RSI indicator is at 56.06 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

China Brokers Race to Raise Funds to Fuel Stocks Frenzy
Thu, 20 Aug 2020 04:06:17 +0000
(Bloomberg) — China’s brokerages are tapping the capital markets for funds at a record pace to expand their businesses and feed a world-beating stock rally.At least 10 securities firms listed in the mainland market have this year raised a combined 79.6 billion yuan ($11.5 billion) from private share placements and the highest number of rights issues in a decade, according to data compiled by Bloomberg. Companies are also tapping the bond market. Bond issuance by listed securities companies hit a record 784 billion yuan in the first seven months of this year.Brokerages need the funds to develop their margin trading businesses at a time when leverage is near the highest levels since the 2015 boom-and-bust. Regulators have encouraged top brokers to expand, while a flood of initial public offerings has also spurred their needs for greater capital strength. Lured by the rally, the number of new investors opening brokerage accounts in July surged the most in five years.The frenzy coincides with China’s efforts to boost stock trading and make its capital markets a more attractive fundraising option for private enterprise. The Shanghai Composite is up about 11% this year, the best performing major index globally.“The capital market has never been more important to China’s economic growth than it is now,” said Jiang Liangqing, a fund manager at Beijing-based Ruisen Capital Management. “Brokerages are seizing the opportunity to build up their war chests by taking advantage of the stock market rally.”To be sure, the growth in margin trading has triggered comparisons with the chaotic burst of the 2015 bubble, given brokers will have a better ability to lend to investors to buy stocks. However, at 1.4 trillion yuan as of Monday, leverage is around half the level of its 2015 peak.“The market is going up in the long run and naturally there will be demand for margin lending, and brokers will keep raising funds quickly because they don’t want to miss out,” said Sun Jianbo, president of China Vision Capital Management in Beijing. “But I won’t say a bubble has inflated until the Shanghai Composite hits 5,000 points.” The gauge was 33% below that level as of Thursday’s mid-day break.For now, the brokerage financing pipeline remains strong. There are at least seven more equity financing plans announced by A-share listed brokerages, with a combined fundraising target of 54 billion yuan.Brokerages are expected to maintain a strong level of financing, said Liao Chenkai, an analyst at Capital Securities Corp. “There are great opportunities in the stock market and in China’s capital market reforms, for these companies to take advantage of,” he said.(Added new stock investor growth in third paragraph and market performance.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

S.Korea's SK Construction preferred bidder to buy waste firm EMC
Thu, 20 Aug 2020 01:31:02 +0000

Dow flat in spite of gains for Nike, Visa shares
Wed, 19 Aug 2020 18:15:00 +0000
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday afternoon with shares of Nike and Visa seeing positive growth for the index. Shares of Nike (NKE) and Visa (V) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 16 points (0.

Goldman Sachs (GS) Concludes 1MDB Legal Case With Malaysia
Wed, 19 Aug 2020 15:34:03 +0000
Goldman signs agreement with Malaysia for resolving the multibillion-dollar 1MDB scandal and will pay $3.9 billion in the settlement including $2.5 billion in 10 days.

Dow up 87 points on gains for Goldman Sachs, Nike stocks
Wed, 19 Aug 2020 13:45:00 +0000
DOW UPDATE Powered by positive growth for shares of Goldman Sachs and Nike, the Dow Jones Industrial Average is climbing Wednesday morning. Shares of Goldman Sachs (GS) and Nike (NKE) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 87 points, or 0.

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