Goldman Sachs (GS) Offering Possible 51.52% Return Over the Next 21 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 $362.50 short put and a strike $357.50 long put offers a potential 51.52% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $362.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $357.50 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 at 51.13 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

UPDATE 1-SoftBank shifts to foreign banks as borrowing soars
Thu, 27 May 2021 05:28:38 +0000
SoftBank Group Corp's bank borrowing climbed by 42% in the year to March-end with the increase shouldered by foreign lenders, company filings showed on Thursday. Borrowing from the conglomerate's principal lenders rose to 4.98 trillion yen ($46 billion) in the last business year, with main bank Mizuho Financial Group Inc the only Japanese lender remaining in the top three backers. Goldman Sachs Group Inc and JPMorgan Chase & Co are among SoftBank's biggest lenders, the filings showed, with the borrowing coming as the Japanese conglomerate builds its technology investing operations globally.

Goldman Sachs Joins JPMorgan Among SoftBank’s Biggest Lenders
Thu, 27 May 2021 04:50:39 +0000
(Bloomberg) — Goldman Sachs Group Inc. has emerged as one of SoftBank Group Corp.’s biggest lenders, with Masayoshi Son’s company borrowing over $5 billion from the New York-based firm.Goldman Sachs was SoftBank’s fourth-largest lender in the year ended March 31, extending 593.2 billion yen ($5.4 billion) in loans, the Tokyo-based company said in a statement on Thursday. The bank wasn’t included in the list in the previous period.Mizuho Financial Group Inc. retained its top spot with 850.1 billion yen, even after trimmed its loan exposure to SoftBank by almost 7% from a year earlier. JPMorgan Chase & Co. was second with 829.3 billion, more than triple the amount in the year-earlier period.BNP Paribas SA was also a new entry on the list, ranking third with 601.5 billion yen, SoftBank said. Deutsche Bank AG increased its lending 46% to 376.1 billion yen. Credit Suisse Group AG, which had extended 176.9 billion yen in loans to SoftBank in 2020, fell out of the top 10 this year.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Snowflake Drops on Forecast for Slowing Product Sales Growth
Wed, 26 May 2021 21:20:13 +0000
(Bloomberg) — Snowflake Inc., a software company that debuted with 2020’s biggest U.S. public offering, said product sales will grow more slowly in the current quarter than in the most-recent period. The shares fell about 4% in extended trading.Product sales, which make up more than 90% of Snowflake’s revenue, will be $235 million to $240 million in the period ending in July, the San Mateo, California-based company said Wednesday in a statement. That would be a growth rate of as much as 92% over the period a year earlier, the company said, compared with a pace of 110% in the fiscal first quarter, which ended April 30. Analysts, on average, estimated $233 million, according to data compiled by Bloomberg.Total revenue more than doubled to $228.9 million in the fiscal first quarter, compared with analysts’ average estimate of $213.4 million. The company reported its net loss was $203 million, or 70 cents a share, from $93.6 million, or $1.72, a year earlier.“Given there were high expectations into the quarter, the investor base might not be satisfied enough with these results to drive shares higher,” Raimo Lenschow, an analyst at Barclays, wrote in a research note.Snowflake’s software pulls information from multiple systems so clients can analyze it together in one place. The company competes against the cloud-computing divisions of Amazon.com Inc., Microsoft Corp. and Alphabet Inc., as well as open-source vendor Cloudera Inc. and database stalwart Oracle Corp. Snowflake has secured major deals with banks, including Capital One Financial Corp. and Goldman Sachs Group Inc.After the successful initial public offering in September, shareholders have grown concerned that the company is overvalued. The stock had declined 16% this year through Wednesday’s close.(Updates with comments from analyst in the fourth paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Megabank CEOs grilled by both sides of Capitol Hill on climate, racial equity matters
Wed, 26 May 2021 18:51:10 +0000
The Georgia voting law and the fossil fuel industry were focal points of a heated Senate Banking Committee interrogation of the six largest banks' CEOs.

Hillman Capital Exits Nordstrom, Goldman Sachs
Wed, 26 May 2021 17:21:46 +0000
Firm's largest sales of the 1st quarter

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