Goldman Sachs (GS) Offering Possible 20.77% Return Over the Next 7 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 20.77% return on risk over the next 7 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 $0.86 would be kept by the premium seller. The risk of $4.14 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 74.77 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

Goldman’s journey: from high finance to the Mittelstand
Thu, 07 Nov 2019 04:00:28 +0000
As Deutsche Bank and Commerzbank discussed a historic merger earlier this year, Goldman Sachs was drawing up a plan to poach their clients. With revenues of €500m-€2bn, the 900 or so Mittelstand companies that make up Germany’s corporate heartland used to be too small to interest Goldman’s investment bankers. “What we’re talking about now is more expansive footprint growth,” said Goldman president John Waldron.

Allianz to Pay $1 Billion for Goldman’s Taikang Life Stake
Thu, 07 Nov 2019 03:47:18 +0000
(Bloomberg) — German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely-held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter.Goldman sold a stake of about 4% in Beijing-based Taikang Life to Allianz, according to a statement by the Chinese insurer on Wednesday. The statement didn’t provide any financial details. The U.S. investment bank will retain about 8.6% in Taikang Life after the transaction.The sale had attracted interest from other potential suitors including private equity firms and some Asian investors, the people said, who asked not to be identified as the information is private.A representative for Goldman Sachs declined to comment, while a representative for Allianz didn’t immediately respond to requests for comment.Europe’s largest insurer is seeking to tap the growing demand for insurance products in China. Allianz’s investment in Taikang Life follows other recent acquisitions, including the general-insurance assets of Brazil’s SulAmerica in August and two insurance businesses in the U.K. for a combined $1 billion in May. Shares of Allianz rose 1% on Wednesday.Founded in 1996, Taikang Life Insurance is among China’s largest insurance and financial services companies with 800,000 employees and agents, according to its website. Its main business areas are insurance, asset management, and health and elderly care. Goldman bought the stake in Taikang from French insurer AXA SA in 2011.(Updates to add Allianz’s share performance in fifth paragraph)To contact the reporter on this story: Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Philip GlamannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Goldman Sachs backs Atlanta software company with $40M investment
Wed, 06 Nov 2019 19:12:31 +0000
One of Atlanta's fastest-growing companies received a $40 million investment from Goldman Sachs’ Merchant Banking Division.

Uber Sinks to New Record Low as IPO Share Lockup Expires
Wed, 06 Nov 2019 17:51:08 +0000
(Bloomberg) — Multiple large stakes in Uber Technologies Inc. changed hands on Wednesday, pushing the shares down to an all-time low, as post-IPO selling restrictions for early investors and insiders lifted.The sell-off has placed Uber among the top most actively traded stocks in the U.S. by value on Wednesday. Uber shares worth over $2.2 billion have traded as of 12:25 p.m., according to Bloomberg data. The stock dropped as much as 8.7% in New York, touching a new all-time low of $25.58.“Part of the problem with why there is so much pressure, is that Uber and many of its IPO peers this year had stayed private longer,” Wedbush analyst Ygal Arounian said in an interview. Arounian added that it meant there were more shares issued in the private market, and that there are many more shareholders who can sell stock now. “There’s a simple supply and demand element to it,” the analyst said.Wedbush had earlier estimated about 763 million shares will hit the market upon the lockup expiry.The expiration of the IPO lockup period has been a much-dreaded event for Uber investors, also since positive news from the company has been scarce. The latest quarterly results out earlier this week failed to lift that gloom. Analysts said the company needed to show consistent and steady growth in the number of riders who use its services. It also needs to show a stable road to future profits, as well as provide more clarity around regulatory roadblocks in order for market sentiment to start turning in its favor. ​The stock’s disastrous run since the IPO has weighed heavily on its top investor SoftBank Group, which holds a 13% stake in the company, according to Bloomberg data. Earlier on Wednesday, the Japanese investment firm reported its first quarterly operating loss in 14 years, after writing down the value of a string of marquee investments that included Uber.​According to Bloomberg data, a block of 7.75 million shares crossed at 9:30 a.m. at a price of $26.02. Also, Goldman Sachs sold about 2 million shares on behalf of an unknown selling holder at $26.90 each, a 4.0% discount to Tuesday’s closing price. Shares were offered at $26.75 to $27.00.Goldman Sachs held a 4.1% stake in Uber, according to Bloomberg data as of June, putting it among the top 10 holders.Shares in 2019’s largest U.S. IPO are now down nearly 40% since the May debut. Shares of peer Lyft Inc. are down 24% over the same period. Wall Street, however, is still optimistic. About 25 analysts recommend buying the stock, while 12 suggest holding and only one advocates selling Uber shares, according to Bloomberg data.(Updates share move, adds analyst comments, more block trade detail, context.)\–With assistance from Joshua Fineman.To contact the reporters on this story: Drew Singer in New York at dsinger28@bloomberg.net;Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Is JPMorgan Stock A Buy Right Now? Here's What Earnings, Charts Show
Wed, 06 Nov 2019 16:47:50 +0000
JPMorgan Chase has the reputation of being the best-run banking giant. But is the stock a good buy right now? Here’s a look at the JPM stock chart and fundamentals.

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