Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $217.50 short put and a strike $212.50 long put offers a potential 26.58% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $217.50 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 $212.50 long put 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 up which suggests that the medium-term momentum for Goldman Sachs is bullish.
The RSI indicator is at 64.52 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
Ex-McKinsey Consultant Turns Failed Restaurant Into $535 Million Startup
Wed, 31 Jul 2019 22:00:11 +0000
(Bloomberg) — When Indian diners order biryani online from Rebel Foods they’re greeted with a culinary history of the fragrant, slow-cooked rice dish. “The recipe was lost forever when King Cyrus laid siege to Behrouz until it was discovered amongst the ruins,” the story reads in part. “With this Biryani, we have brought back to life this lost recipe.” Diners are invited to read the entire account, which extends to 14 chapters and describes a protracted war between two ancient Persian kingdoms. The whole thing is made up—a canny exercise in myth-making that has helped turn the meal (named Behrouz after the fictional conflict) into a top-seller and the first branded version of India’s unofficial national dish.Rebel Foods calls itself the World’s Largest Internet Restaurant Company, a boast that’s hard to disprove because there aren’t many chains quite like it. Founded by a McKinsey & Co. alumnus named Jaydeep Barman, the company serves a dozen different menus with everything from cheese-loaded Italian pizzas to 99 variations of the dosa, a popular south Indian lentil-and-rice crepe. All of the food is cooked in more than 200 cloud kitchens, so-called because these centralized operations serve farflung customers who have no idea where their food is coming from—much like cloud computing services. It’s become the go-to business model for food delivery companies looking to side-step the costs of running traditional restaurants with seating and wait staff. Backed by Sequoia Capital, Mumbai-based Rebel Foods in July received a $125 million injection from Coatue Management, Goldman Sachs, the Indonesian delivery service Gojek and others. The company, which is valued at $525 million, says it more than doubled sales last year and is now expanding into Southeast Asia and the Middle East. Over the next 18 months, Rebel and Gojek will build 100 Indonesian cloud kitchens dishing out biryani, pizza, Chinese food and local fave Nasi Goreng. Rebel plans to open 20 kitchens in the United Arab Emirates by year-end.“Cloud kitchens are red hot because they add a fast-delivery layer on top of restaurant brands, allowing them to scale quickly,” says G.V. Ravishankar, the Bangalore-based managing director of Sequoia Capital India. He says Rebel Foods is well positioned because young diners in India and beyond are eager to try new foods and flavors.Around the world in recent years, a crop of food delivery companies like Munchery, Sprig, Maple and SpoonRocket raised tens of millions of dollars only to fail. There was no shortage of demand for their services; many millennials would rather order in than cook at home, and UBS’s Evidence Lab predicts the global food delivery market will grow tenfold by 2030 to $35 billion. The first wave of food delivery startups were felled by steep operational costs and profit-gobbling discounts. Barman, who is 45, runs Rebel Foods from an office park in the Bhandup West area of Mumbai and grew up in the food-mad city of Kolkata. His career took him to Switzerland, the U.K. and France, and he realized that, despite the farflung popularity of the cuisine from his home country, there isn’t a single global Indian food brand. The triumphant 2010 IPO of the Indian operator of the Domino’s pizza chain was a sign that it was time to return. He quit McKinsey just a few months from becoming a full partner. Back in India, Barman teamed up with INSEAD business school classmate Kallol Banerjee in 2012 and started a brick-and-mortar restaurant chain called Faasos that sold kebab wraps. With Sequoia as an early backer, they opened about 50 locations. But crippling rents prompted the duo to shut down the operation three years later and switch to cloud kitchens. “We went completely dark and saw the light,” Barman says. Ghost kitchens have also caught on in the U.S. and Europe and have various permutations. Uber co-founder Travis Kalanick owns CloudKitchens, which doesn’t operate any restaurants but rents cooking space to the likes of fast-casual chain Sweetgreen. London-based Deliveroo plans to use some of an Amazon-led $575-million funding round to expand its network of cloud kitchens. On Rebel’s home turf, delivery startup Swiggy, backed by Naspers and Tencent Holdings, is building out its own ghost cooking operation, Swiggy Access. Like Kalanick, Barman wants to upend a dining business model invented centuries ago and forge something better suited to the times. “It’s useful to have a solid headstart,” he says. Rebel Foods says its 235 kitchens in 20 cities produce 2 million orders a month. Most are located in industrial complexes, first floor walk-ups or side alleys where rents are low and capacity is not a constraint. The kitchens are all built from the same template—the cooking and prep equipment stackable and space-saving. Pizzas move along a conveyor belt from prep to oven to carton. The printer spewing out online orders makes a different sound depending on the restaurant brand.A kitchen in Mumbai’s Vikhroli industrial suburb is crammed into 800 square feet. Every square inch of the space is filled with freezers, shelves brimming with kitchen equipment and prepped ingredients. During the lunch rush one recent day, about two dozen apron-clad men and women are preparing orders (two shahi biryani, four paneer piquante pizza, bhuna chicken wrap, butter chicken royal meal) streaming in by phone and app—all the while trying not to collide with one another.With each order, the kitchen becomes more frenzied. The finished dishes arrive in bowls, trays and small cartons at a small pickup counter, where they are whisked away by an endless stream of delivery boys, who roar off on a fleet of motorcycles and scooters and fan out across the neighborhood. The kitchen produces about 60 lunch orders during the week and triple that on weekends. The entire Rebel Foods operation runs the “equivalent of 1,600 restaurants,” says Ankur Sharma, Rebel Foods’s senior vice president of product and supply chain.Besides harnessing the cost-saving power of cloud kitchens, Barman and his partner leaned heavily on marketing lessons from business school. Each of Rebel Foods’s dozen brands has a back story—the more kitschy the better. Chinese dishes from Mandarin Oak were supposedly created by a monk who lived in an oak forest in China’s Shaanxi province. Slogan: Explore Heavenly Chinese from a Wise Monk’s Wok! Firangi Bake sells Indian versions of lasagna, quesadillas and mac cheese, lovingly prepared by the “mystical chef” Guru Firanga “with flavors from around the globe.” The expansion hasn’t been without challenges. Indian dishes vary from one region to the next—biryani recipes change every 100 miles or so—forcing Barman to set up a food lab and standardize the menu in a way that provides consistency while catering to regional sensibilities. The quality of ingredients also varies wildly across the country; paneer, a cottage cheese found in many Punjabi dishes, can be more or less fatty and sugary. If it isn’t kept cold, the cheese can spoil quickly; without the right fat content, it can turn tough. So Rebel selected one paneer supplier and helped the company expand India-wide to feed its kitchens.Gig-economy companies suffer high employee turnover, and Rebel is no exception. To ensure that kitchen staff make the individual dishes consistently no matter how long they’ve worked there, food engineers created pre-prep items such as a 36-spice biryani blend. “That takes the judgment out,” Barman says. Each dish has been deconstructed to create an exact timeline; for instance, workers can churn out dosas every two minutes.In a team-building exercise, the cooks huddle three times a day and scream: “Tasty tasty, fresh fresh, that’s why Rebel is best best.”To contact the author of this story: Saritha Rai in Bengaluru at firstname.lastname@example.orgTo contact the editor responsible for this story: Robin Ajello at email@example.com, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dow Jones Today: Fed Obliges, But Stocks Don’t Respond
Wed, 31 Jul 2019 20:17:27 +0000
In financial markets, there are disappointments, and then there are disappointments. As was widely expected, the Federal Reserve cut interest rates by a quarter point today and set the stage for another rate cut later this year.Source: Shutterstock "In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the committee decided to lower," said the Federal Open Market Committee (FOMC) in a statement.Even with the benefit of the widely-anticipated rate cut, stocks tumbled with losses accelerating late in Wednesday's session. The Nasdaq Composite plunged 1.19% while the S&P 500 slid by 1.10%. The Dow Jones Industrial Average shed 1.23% on the final trading day of July. All that after the Fed's first rate cut in more than a decade.InvestorPlace – Stock Market News, Stock Advice & Trading Tips"As the committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion," said the FOMC. * The 10 Best Stocks to Invest in for August Adding to the Wednesday woes was that stocks tumbled followed a decent jobs data point. Earlier today, the ADP private payroll survey for July showed the addition of 156,000 private sector jobs this month, topping the estimate of 150,00. The July jobs report from the Labor Department is due out Friday before markets open.Let's look at some Dow winners, of which there were not many. An Apple Today …If not for shares of Apple (NASDAQ:AAPL), which gained 2%, it'd be painful to imagine how bad the Dow's losses would be today. The iPhone reported impressive earnings for the June quarter, saying it earned $2.18 a share on revenue of $53.8 billion, ahead of estimates of earnings of $2.10 a share on sales of $53.39 billion.Apple also said up its fiscal fourth-quarter revenue guidance to $61 billion to $64 billion. In the low end, that's slightly ahead of the $60.98 billion analysts are expecting. Both iPhone and services revenue for the most recently completed quarter missed estimates, but investors appeared more focused on the bullish revenue guidance."The iPhone accounted for 48.3% of Apple's overall revenue, the first time that it hasn't contributed over half of Apple's sales since 2012," according to CNBC.In late trading, just two other Dow stocks were in the green, but the gains paled in comparison to Apple and are hardly worth mentioning. Too Many Losers In the Dow TodayAmong the Dow's losers today, and there were plenty to pick from, were all of the index's financial services components, including Goldman Sachs Group (NYSE:GS) and JPMorgan Chase (NYSE:JPM). That was somewhat predictable given the belief that bank stocks benefit from higher interest rates.However, that conventional wisdom was probably dealt a blow last year when the sector struggled amid four rate hikes. Indicating that Wednesday's losses in bank stocks like JPM may be no more than knee-jerk reactions is increasing sentiment that some banks, including JPM, are poised to thrive as rates decline.After all, many of the largest domestic money center banks already warned on net interest margins on second-quarter earnings calls, so that should be baked into these stocks.Familiar face UnitedHealth Group (NYSE:UNH) slipped 2.32% today. Guess why? There was a Democratic presidential debate last night (another one tonight). I'm not making political commentary here. All viewpoints are welcome, but the fact remains that of the participants in the debate, the ones with better chances to emerge from the crowded field appear to favor some form of Medicare For All, while lower-tier candidates favor a more gradual approach to altering the healthcare system in the U.S.Either way, there's a good chance UnitedHealth makes another appearance here tomorrow. Dow Jones Today: Bottom LineWednesday's market action was very much a case of "sell the news." With plenty of earnings reports still left and Friday's job number loom, near-term catalysts are in play. That could help riskier assets start August on a strong note. Investors looking for sector ideas in the eighth month of the year may want to consider tech and utilities, which historically perform well in August.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post Dow Jones Today: Fed Obliges, But Stocks Don't Respond appeared first on InvestorPlace.
Apple's stock adds nearly 130 points to Dow's price in July, Boeing cuts about 115 points
Wed, 31 Jul 2019 18:34:00 +0000
Apple Inc.'s 3.9% stock surge Wednesday on the back of the technology giant's upbeat fiscal third-quarter earnings report came just in time to lift into first place as the top Dow Jones Industrial Average performer this month, both in price and percentage gains. The stock rose $19.00, or 9.6%, in July. That added about 129 points to the Dow's price, which increased by 555 points this month. The next biggest contributors to the Dow's gain were shares of Goldman Sachs Group Inc. , which rose $15.81, or 7.7%, to add 107 points to the Dow, followed by International Business Machines Corp. , which hiked up $11.20, or 8.1%, to add 76 points to the Dow. Meanwhile, Boeing Co.'s stock was the biggest drag, as it fell $16.90, or 4.6%, to shave about 115 points off the Dow.
‘Fastest Crypto Exchange In The World' Released To Retail Market
Wed, 31 Jul 2019 15:26:53 +0000
The crypto wallet Blockchain announced Tuesday that it has launched The PIT , an institutional-grade crypto exchange with microsecond-latency. “The current crypto exchange market is outdated, broken, …
Fed Lowers Interest Rates by Quarter Point, First Cut Since ‘08
Wed, 31 Jul 2019 15:19:00 +0000
Investing.com – The Federal Reserve cut interest rates for the first time since 2008 as inflation continued to track below target and signs of slowing global growth persisted. But Fed Chairman Jay Powell dashed hopes that aggressive cuts may follow, saying that the cut does not represent the start of a lengthy easing cycle.
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