Goldman Sachs (GS) Offering Possible 46.63% Return Over the Next 9 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $230.00 short call and a strike $235.00 long call offers a potential 46.63% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $1.59 would be kept by the premium seller. The risk of $3.41 would be incurred if the stock rose above the $235.00 long call 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 down which suggests that the medium-term momentum for Goldman Sachs is bearish.

The RSI indicator is at 43.6 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

Al Gore's Generation, Caisse Near Deal for Fintech Firm FNZ
Tue, 09 Oct 2018 09:19:42 +0000
The acquisition of a two-thirds stake held by the private equity firms General Atlantic and HIG Capital values FNZ at about 1.65 billion pounds ($2.2 billion), according to a statement from the companies Tuesday that confirmed an earlier report by Bloomberg News. The deal is the first investment to be made by a new partnership formed by Canada’s second-largest pension fund and the investment firm co-founded by former U.S. Vice President Gore and former Goldman Sachs Group Inc. partner David Blood.

Jim Cramer: Rates Are Not Done Going Up Yet
Mon, 08 Oct 2018 23:01:00 +0000
Or is this what it looks like when interest rates have peaked? The question is, if PepsiCo's quarter was so weak why is it going up today? With a 3.45% yield, PepsiCo's been in a battle with the bond market for investors.

Goldman Is Looking to Reduce Marcus Lending Goal on Credit Caution
Mon, 08 Oct 2018 21:59:37 +0000
The firm’s Marcus unit cut its loan-originations target for next year, according to people with knowledge of the plans. Goldman Sachs leaders including new Chief Executive Officer David Solomon have made Marcus a pillar of their plan to boost revenue over the next several years. Marcus represents a major departure from Goldman Sachs’s traditional focus on major corporations and investors through its investment bank and trading business.

Solomon Kicks Up the Tempo on Goldman’s Remix
Mon, 08 Oct 2018 19:58:16 +0000
On Monday, Bloomberg reported that Solomon is looking to rein in the rapid growth of Marcus — the bank’s relatively new consumer lending business. Marcus’s loan book has grown 300 percent in the past year, reaching $4 billion at the end of the second quarter. Solomon has already replaced a number of top executives who were lieutenants to former CEO Lloyd Blankfein.

GE sells $1 billion in equity investments to Apollo
Mon, 08 Oct 2018 16:49:10 +0000
GE and Apollo said they “will seek to form an ongoing relationship” to explore energy infrastructure investments.

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