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Recession-Proof Riches: 3 Stocks That Thrive in Any Economy
InvestorPlace· 2024-04-18 16:08
Finding reliable assets is crucial in the current unstable environment. Even amid economic uncertainty, certain equities hold their value and offer steady returns. Three such luminaries are well-known in their fields. These three firms stand out as beacons of stability in the face of market turbulence: the first one with its strong loyalty program and worldwide development initiatives; the second with its consistent growth in wealth management; and the third with its inventive competence in medicines.Their ...
Wall Street Analysts See Goldman (GS) as a Buy: Should You Invest?
Zacks Investment Research· 2024-04-18 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Goldman Sachs (GS) .Goldman currently has an average brokerage recommendation (ABR) of 1.54, on ...
港股概念追踪 |高盛预计精炼铜供应将出现“非常严重”的缺口 期货铜价继续上涨(附概念股)
Zhi Tong Cai Jing· 2024-04-18 06:45
4月18日,沪铜涨超2%,报78400元/吨,创2006年以来新高;国际铜主力合约站上70000元/吨,为2021年10月以来首次,日内涨2.47%。 高盛策略师Nicholas Snowdon表示,随着史无前例的矿石短缺影响到精炼铜市场,该行预计铜价在明年第一季度将飙升至每吨12000美元左右。Nicholas Snowdon预计,精炼铜供应将出现“非常严重”的缺口。 花旗集团表示,铜价在涨至22个月高点后,很容易出现剧烈波动,因为对冲基金等市场参与者大量建立头寸可能会迅速退出。 “我们发现,今年做有色金属板块股票投资收益是最高的,核心逻辑在于原材料价格的上涨。”南华期货首席经济学家朱斌日前在接受记者采访时表示。今年2月初以来,有色金属期货价格触底反弹,相关概念股也迎来快速拉升。 中信证券发布研究报告称,2024年3月以来铜价持续上涨,近期一度突破9500美元/吨。展望未来,该行认为在矿端持续偏紧、冶炼端减产落地预期下,叠加海内外主动补库周期时点临近,铜供需格局或将转为短缺。 金融属性方面,铜的交易逻辑从此前的降息预期过渡到通胀预期,在需求和成本两维度为铜价提供支撑。 中信证券建议按照“成长、价值、组合”维 ...
Fear dominates the stock market for the first time in 5 months
Finbold· 2024-04-17 16:17
Market Sentiment - Investor sentiment has shifted from optimism to fear, as indicated by the CNN Fear & Greed Index, which stood at 37.64 on April 16, marking a significant increase in fear levels last seen in November 2023 [1] - The Fear & Greed Index evaluates market sentiment based on factors such as stock price momentum, market volatility, investor surveys, and put-and-call options, with readings below 50 indicating fear [1] Market Concerns - The rise in fear has raised alarms about a potential stock market crash, as historically, heightened fear levels have preceded significant downturns [2] - Goldman Sachs has issued a warning regarding market turbulence, noting that hedge funds in the U.S. are offloading stocks at the fastest pace in three months while increasing short positions [2] - Current market conditions are reminiscent of the 1987 crash, with several bearish indicators emerging [2] Economic Factors - Ongoing concerns about inflation suggest that the Federal Reserve is unlikely to lower interest rates in the near future, contributing to market unease [2] - Geopolitical uncertainties, particularly related to Iran's retaliatory actions against Israel, have further exacerbated investor anxiety [2] - There is a noticeable decline in confidence among both retail and institutional investors in the U.S. stock market, with several trading days in the red since the start of April [2]
Time to Buy Goldman Sachs (GS) Stock After Strong Q1 Results?
Zacks Investment Research· 2024-04-16 22:46
On Monday, strong first quarter results from Goldman Sachs (GS) served as a nod to the notion that investment banking is strengthening. Notably, JPMorgan (JPM) and Morgan Stanley (MS) have been able to impressively exceed their quarterly expectations as well.However, Goldman Sachs’ superb Q1 report has caused the most excitement in this regard, and investors may be wondering if it’s time to buy stock in the finance titan.Q1 ReviewAt the moment the Zacks Finacial-Investment Bank Industry is in the top 16% ...
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
PYMNTS· 2024-04-15 17:20
Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking activities.During the conference call with analysts, CEO David Solomon said that capital markets related activity has been robust as “CEOs need to make strategic decisions for their firms, companies of all sizes need to raise capital and financial sponsors need to transact to generate returns for their investors.”The reopening of the capit ...
Goldman Sachs(GS) - 2024 Q1 - Earnings Call Transcript
2024-04-15 16:52
The Goldman Sachs Group, Inc. (NYSE:GS) Q1 2024 Earnings Conference Call April 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Denis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Securities Matt O'Connor - De ...
Goldman (GS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Zacks Investment Research· 2024-04-15 16:46
The Goldman Sachs Group, Inc.’s (GS) first-quarter 2024 earnings per share of $11.58 surpassed the Zacks Consensus Estimate of $8.54. Also, the bottom line increased 16.3% from the year-earlier quarter.Shares of the company gained 4.02% in the pre-market trading on an earnings beat. Investors seem to be bullish on the stock because of higher revenues reported in the quarter.Goldman’s results have benefited from the strength in the consumer banking and investment banking business, along with improved fee inc ...
Goldman Sachs Stock Surges as Investment Banking Boosts Earnings Above Estimates
Investopedia· 2024-04-15 14:50
Key TakeawaysGoldman Sachs stock jumped in intraday trading Monday on a first-quarter earnings report that came in well above analyst estimates.Revenue, net income, and earnings per share were all above expectations, but like other banks that reported earnings last week, net interest income fell from last year.Goldman is the latest big lender to report earnings after JPMorgan, Citigroup, and Wells Fargo kicked off a stretch of bank earnings on Friday. Shares of Wall Street banking giant Goldman Sachs (GS) s ...
Why Goldman Sachs (GS) is a Top Stock for the Long-Term
Zacks Investment Research· 2024-04-15 14:31
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...