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 $215.00 long call offers a potential 30.89% return on risk over the next 6 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 $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock rose above the $215.00 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 42.09 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
Malaysia charges 17 Goldman Sachs figures over 1MDB scandal
Fri, 09 Aug 2019 08:52:00 +0000
Malaysia filed criminal charges Friday against 17 more current and former directors at three Goldman Sachs subsidiaries for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.
Alibaba President Among Those Malaysia Charged in 1MDB Deal
Fri, 09 Aug 2019 08:49:53 +0000
(Bloomberg) — Alibaba Group Holding Ltd. President Michael Evans is among 17 current and former Goldman Sachs directors facing criminal charges over their alleged role in $6.5 billion of bond sales by 1MDB.Evans, the international face of China’s e-commerce leader, was among a group of individuals who served as directors at three Goldman units Malaysia accused of misleading investors when arranging deals for 1MDB. The Alibaba honcho is a familiar face to the Chinese internet titan’s investors and a fixture in the media as well as international conference circuit, and is charged with helping helm Alibaba’s global expansion.Evans, who joined Alibaba in 2015 as one of its highest-profile recent hires, has a mandate to help realize billionaire co-founder Jack Ma’s ambition to get half its revenue from outside of China. The president was instrumental in orchestrating the Chinese giant’s push into Southeast Asia through the acquisition of a stake in Lazada, establishing its largest overseas beach-head. The company is expanding into Malaysia and counts the country in particular as a key partner for its so-called E-WTP or electronic world trading initiative. Evans is also overseeing Alibaba.com’s expansion in the U.S. and Ma’s promise to President Donald Trump to create a million jobs.The executive, like others charged, now faces custodial sentences and criminal fines in a case with global ramifications. Supposed to promote development, Malaysian state-owned investment fund 1MDB has spurred criminal and regulatory investigations around the world that cast an unflattering spotlight on deal-making, election spending and political patronage under former Malaysian Prime Minister Najib Razak. Of $8 billion that 1MDB raised via bond sales, the U.S. alleges more than half was siphoned off.“Mike Evans was a member of senior management at Goldman Sachs prior to joining Alibaba Group in 2015,” the Chinese company said in a texted statement. “We are aware of the news and will continue to monitor the situation.”Malaysia will seek custodial sentences and criminal fines against the individuals, Attorney-General Tommy Thomas said in a statement Friday. The penalties sought reflect “the severity of the scheme to defraud and fraudulent misappropriation of billions in bond proceeds, the lengthy period over which the offenses were planned and executed,” as well as the breadth of Goldman units and officers involved in arranging the 1MDB bonds.“We believe the charges announced today, along with those against three Goldman Sachs entities announced in December last year, are misdirected and will be vigorously defended,” a Goldman Sachs spokesman said by email.(Updates with Alibaba’s statement in the fifth paragraph)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin Chan, Sam MamudiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Malaysia files charges against Goldman directors over 1MDB
Fri, 09 Aug 2019 08:13:39 +0000
It named the three subsidiaries as Goldman Sachs International, Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) Pte. Individuals named included Richard Gnodde, chief executive of Goldman Sachs International, and Michael Sherwood, former co-head of Goldman Sachs International.
Malaysia Files Criminal Charges Against Goldman Execs in 1MDB Scandal
Fri, 09 Aug 2019 06:57:12 +0000
(Bloomberg) — Malaysia filed criminal charges against 17 current and former Goldman Sachs Group Inc. employees, stepping up its efforts to prosecute individuals it alleges were involved in frauds related to the state investment fund 1MDB.Goldman Sachs Vice Chairman Richard J. Gnodde and John Michael Evans, a former partner at the U.S. bank who’s now president of Alibaba Group Holding Ltd., were among those charged. They were directors of three Goldman Sachs units that Malaysia has accused of misleading investors when arranging $6.5 billion in bond sales for 1MDB in 2012 and 2013.The directors knew the funds would be misappropriated, Malaysian officials allege. The country announced charges against the entities in December, though prosecutors have struggled to serve to the respective Goldman Sachs units. Malaysia will seek custodial sentences and criminal fines against the individuals, Attorney-General Tommy Thomas said in a statement Friday.“We believe the charges announced today, along with those against three Goldman Sachs entities announced in December last year, are misdirected and will be vigorously defended,” a Goldman Sachs spokesman said by email.Law enforcement agencies from the U.S. to Singapore are investigating the money trail of billions of dollars that were allegedly siphoned in the 1MDB case. Goldman Sachs, which received some $600 million in fees for the bond sales, has been under close scrutiny. U.S. prosecutors have charged two former bankers at the firm.The penalties announced today reflect “the severity of the scheme to defraud and fraudulent misappropriation of billions in bond proceeds, the lengthy period over which the offenses were planned and executed,” as well as the breadth of Goldman Sachs units and officers involved in arranging the 1MDB bonds, Thomas said in the statement.Prime Minister Mahathir Mohamad has prioritized recouping funds believed to be lost through the troubled state fund, including by seeking about $6.5 billion compensation from Goldman Sachs for its involvement in 1MDB. The premier said the bank had offered 1 billion ringgit ($239 million), which he called “little” compared with the “huge killing” that the bank made from the bond deals.Former senior Goldman Sachs banker Tim Leissner has pleaded guilty to conspiring to launder money and violating the U.S. Foreign Corrupt Practices Act by paying bribes to Malaysia and Abu Dhabi officials and circumventing Goldman’s internal accounting controls.\–With assistance from Elffie Chew.To contact the reporter on this story: Anisah Shukry in Kuala Lumpur at email@example.comTo contact the editors responsible for this story: Sam Mamudi at firstname.lastname@example.org, ;Yudith Ho at email@example.com, Michael PattersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
UPDATE 3-Malaysia files criminal charges against 17 Goldman Sachs executives
Fri, 09 Aug 2019 06:48:57 +0000
Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd and former director at Goldman Sachs (Asia) LLC, and Michael Sherwood, former vice chairman of Goldman Sachs Group, were among those charged.
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