Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $197.50 short put and a strike $192.50 long put offers a potential 30.21% 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 $197.50 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock dropped below the $192.50 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 above 80 which suggests that the stock is in overbought territory.
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
Fed’s Dovish Pivot Flattens Remaining Rate-Hike Expectations
Thu, 31 Jan 2019 09:42:44 +0000
After nine rate increases since 2015, Goldman Sachs Group Inc. economists said they now see just a 25 percent probability of the federal funds rate being lifted in the second quarter from the current 2.25 percent to 2.5 percent, down from 55 percent previously. Many described the Fed’s actions as a capitulation to worried financial markets, or, as Societe Generale SA’s Omair Sharif put it, “a letter of apology.” The Fed may also face the charge it bowed to complaints from President Donald Trump, who took to Twitter on Wednesday to cheer the surge in stocks that followed the new tone.
[$$] Goldman Sachs sued over work on $2.9bn grocery deal
Thu, 31 Jan 2019 02:03:55 +0000
was accused on Wednesday of taking $50m in unauthorised fees and structuring a complex financing deal to its own advantage and that of its hedge fund clients, in a dispute over its work on a $2.9bn takeover deal. Goldman vigorously denies all the allegations. , a major supplier to grocery chain Whole Foods, filed a lawsuit in New York’s Supreme Court accusing Goldman of putting its interests ahead of those of the company when it advised UNFI on its takeover of grocery chain Supervalu last year.
What is the Best Thing to Do with $100K in Cash?
Thu, 31 Jan 2019 01:55:59 +0000
Here is a problem that most people would be happy to have: You suddenly find yourself with an extra $100,000 in discretionary cash on hand and you're not sure what to do with it! The operative word here is discretionary.
[$$] Goldman Feasts at Expense of Food-Company Client, Suit Claims
Thu, 31 Jan 2019 01:37:44 +0000
Goldman Sachs Group Inc. put its own interests ahead of that of a corporate client in advising on a wholesale-food company acquisition last year, a new lawsuit alleges. The suit, filed by United Natural Foods Inc., accuses Goldman of improperly extracting more than $200 million in advising the Providence, R.I., food distributor on its $3 billion acquisition of grocery chain Supervalu Inc. At issue is a roughly $2 billion financing loan Goldman arranged for United Natural Foods on the deal.
Goldman Sachs ditches single-use plastic products
Thu, 31 Jan 2019 01:07:16 +0000
Goldman Sachs Group Inc told employees on Wednesday it will no longer carry widely used, throw-away plastic items like water bottles or silverware in its offices and cafeterias as the U.S. bank tries to cut the amount of trash it puts in landfills. Starting last week, Goldman cafeterias and vending machines globally swapped out plastic soda and water bottles for aluminium cans, glass bottles and compostable cups to be used for fountain drinks, said Cindy Quan, the bank's head of environment, social and governance for real estate. The operator of luxury hotel chain Peninsula Hotels, The Hongkong and Shanghai Hotels, Limited, said it will stop using plastic bottles, packaging and bathroom amenities by 2020.
Also on Market Tamer…
Follow Us on Facebook