Goldman Sachs (GS) Offering Possible 26.58% Return Over the Next 13 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 $325.00 short put and a strike $320.00 long put offers a potential 26.58% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $320.00 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 70.67 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

Why Suze Orman says she ‘loves Bitcoin'
Fri, 05 Mar 2021 11:00:00 +0000
Personal finance expert Suze Orman joins ‘Influencers with Andy Serwer' to tell us why she loves Bitcoin.

SoftBank Strategy Chief Plans Exit After Just Three Years
Fri, 05 Mar 2021 10:27:26 +0000
(Bloomberg) — SoftBank Group Corp.’s Chief Strategy Officer Katsunori Sago is planning to quit after less than three years at the company, as other executives gain prominence at the Japanese investment conglomerate.The Goldman Sachs veteran who joined SoftBank in June 2018 will resign on March 31, SoftBank said in a statement late on Friday. The Tokyo-based company was confirming an earlier report by Bloomberg News.The 53-year-old is a key member of founder Masayoshi Son’s inner circle and something of a celebrity in Japan’s world of finance. Prior to joining SoftBank, Sago spent more than two decades at Goldman Sachs Group Inc., rising to become vice chairman of its operations in the country. During a three-year stint at state-owned Japan Post Bank Co., he spearheaded a portfolio shift away from sovereign bonds.But little is known about his work at SoftBank. The company has never clearly defined his role as CSO, a position that did not exist prior to his joining. Over the past few years, he has assembled a small team of former Goldman bankers and set up an investment department in April.“Sago-san dedicated himself to a variety of projects by bringing a whole new perspective as SBG transforms into a strategic investment holding company,” Son said in the statement. “He played a crucial part in expanding SBG’s potential as an investment company.”Rumors about his departure began to circulate late last year as Sago seemed increasingly adrift while other Son lieutenants, including Chief Operating Officer Marcelo Claure and Vision Fund head Rajeev Misra, began to take more prominent roles in public markets and startup investment.In November, SoftBank said Sago and three other directors will leave the board in an effort to increase the proportion of outside directors and improve corporate governance. The executive earned 1.11 billion yen ($10.2 million) in the year ended March 2020, a 13% increase from the previous year.(Updates with SoftBank confirmation from the first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

StockBeat: The Sun Also Rises on Oil and Gas Stocks
Fri, 05 Mar 2021 04:56:49 +0000
By Geoffrey Smith

Black-Focused Neobank First Boulevard Raises $5 Million
Thu, 04 Mar 2021 19:59:02 +0000
Donald Hawkins and Asya Bradley, Co-Founders of Neobank First Boulevard, joins Yahoo Finance’s Kristin Myers to discuss the company’s work in helping close the racial wealth gap.

Goldman Follows Rivals in Setting Net-Zero Emissions Targets
Thu, 04 Mar 2021 18:00:00 +0000
(Bloomberg) — Three days after new Citigroup Inc. Chief Executive Officer Jane Fraser outlined a net-zero greenhouse-gas emissions target, Goldman Sachs Group Inc. CEO David Solomon is following suit.Goldman is joining rivals in pledging to achieve the goal in its financing activities by 2050, and for supply chains by 2030, Solomon said Thursday in a letter posted on the bank’s website. The bank has also joined the United Nations’ Principles for Responsible Banking, a group of 217 firms that agreed to align their businesses with global efforts to address climate change and other sustainability issues.Solomon said Goldman will set interim business-related climate targets by the end of the year.“Though we’ve made progress on our sustainable finance goals, one thing is clear: To make even further progress, collaboration is vital, especially in the short term,” Solomon said in the letter. “We encourage business leaders from all industries to join these collective efforts.”U.S. banks, which are the biggest financiers of fossil-fuel companies, have lagged behind some of their European counterparts in addressing global warming. JPMorgan Chase & Co. was the biggest financier of fossil fuels last year, according to data compiled by Bloomberg. Goldman ranks 17th.Environmental advocates have argued that many of the finance industry’s net-zero targets are set too far ahead and don’t mention any plans to stop financing fossil fuels.Goldman at the end of 2019 said it was targeting $750 billion for “climate transition and inclusive growth finance” over the coming decade. Solomon said the bank has already reached $156 billion of that total, including $93 billion focused on climate transition.Goldman also joined a group called OS-Climate Initiative, which includes Inc., Microsoft Corp. and London Stock Exchange Group Plc, to develop open-source climate data and tools, Solomon said. The bank also plans to add carbon accounting to its investment tool, Marquee, to help clients with their carbon footprints.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.