Goldman Sachs (GS) Offering Possible 34.41% Return Over the Next 35 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 $240.00 short put and a strike $230.00 long put offers a potential 34.41% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $2.56 would be kept by the premium seller. The risk of $7.44 would be incurred if the stock dropped below the $230.00 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

A 42% Jump for Beyond Meat in 2020, and Two More Numbers to Know
Thu, 16 Jan 2020 10:29:00 +0000
—to cover potential fines and legal settlements. The expense chipped 13% off Goldman’s net income for 2019, which it released on Wednesday morning. On Tuesday, JPMorgan had announced a blockbuster 2019—the bank hit new records on both revenue and net income.

StockBeat: RWE Hits 5-Year High as German Coal Exit Nears
Thu, 16 Jan 2020 05:04:00 +0000
By Geoffrey Smith

Why Goldman Sachs is playing catch-up with JPMorgan
Thu, 16 Jan 2020 05:00:28 +0000
When JPMorgan Chase posted dramatically better quarterly results this week than Goldman Sachs, it illustrated just why Goldman boss David Solomon is planning to make his company more JPMorgan-like. JPMorgan, the biggest US bank by assets, on Tuesday boasted the highest ever annual earnings of a bank anywhere, after increasing net income by 21 per cent in the final three months of last year. With annual profits of more than $36bn, JPMorgan would have enough earnings to buy Goldman’s entire share capital in less than three years, at least at its current market capitalisation.

Key Trends In ETF Issuer Growth
Thu, 16 Jan 2020 02:58:45 +0000
The ETF market is growing, and the rising tide lifts all boats—but not evenly.

U.S.-China Pact Leaves Currency Watchers Mostly Unimpressed
Thu, 16 Jan 2020 02:30:26 +0000
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S.-China trade deal includes a foreign-exchange agreement that reaffirms the nations’ commitments to avoid competitive devaluations. Currency watchers were mostly unimpressed.The two-page currency chapter of the broader accord signed in Washington on Wednesday lays out an enforcement mechanism if either side fails to adhere to International Monetary Fund and Group-of-20 commitments.The U.S. and China agreed to publicly disclose data including foreign-exchange reserves and figures on imports and exports as proof that neither side is manipulating exchange rates. But the general take from most analysts was that it offered little news on the currency front.“It still remains to be seen on enforcement of the exchange-rate component and the deal overall,” said Torsten Slok, chief economist at Deutsche Bank AG. “So we have to stay tuned with regard to the yuan.”In what analysts saw as a concession to China before the signing, the U.S. Treasury on Monday said China is no longer a currency manipulator. At President Donald Trump’s direction, Treasury Secretary Steven Mnuchin in August made an unusual move to name China a currency cheat as trade tensions rose, before removing the tag this week.A commitment from the Americans to make a public promise to remove that label at a later date was rejected by the Chinese, according to one person familiar with the matter.“Nothing new on disclosure, that’s disappointing,” said Brad Setser, who worked at Treasury during the Obama administration and is now at the Council on Foreign Relations. “The rest is mostly a reiteration of China’s existing IMF and G-20 commitments.”Optimism ahead of the agreement signing and after Treasury’s removal of China from its currency watch list drove the yuan on Tuesday to its strongest since July. The offshore yuan was little changed after the signing, at 6.89 per dollar.Treasury’s foreign-exchange policy report released Monday said China “needs to take the necessary steps to avoid a persistently weak currency.”If issues arise between the two countries and there’s a failure to arrive at a resolution, either may request the IMF to undertake “rigorous surveillance” of the policies agreed to, or initiate formal consultations and provide input, according to Wednesday’s deal.Yuan MovesThe onshore yuan is likely to stay just below 7 per dollar following the trade pact, according to Raymond Lee, a money manager at Kapstream Capital in Sydney. “With this deal that’s been done and China telling the U.S. that they’ll watch their currency, I don’t think they’ll allow it to get above 7.25,” he said.Mark Sobel, a former Treasury and IMF official, said the agreement does appear to give the U.S. administration a way to penalize China if it doesn’t follow the mandates.“What is new involves the relationship between the currency chapter and the bilateral dispute resolution mechanism,” he said. “In essence, the text indicates that if the U.S is unhappy over some aspect of FX policy, it can unilaterally make recourse to the provisions of that mechanism, including tariffs.”Policy ToolCurrency policy has emerged as a tool for Trump to rewrite global trade rules that he says have hurt American businesses and consumers. Foreign-exchange policy is a key piece of trade pacts with Mexico, Canada and South Korea.The Trump administration has considered measures to counter the dollar’s strength, including direct intervention, though at one point last year officials said that step had been ruled out. Still, Trump has continued to lament the greenback’s strength, which is a drag on U.S. companies’ overseas earnings.For Michael Cahill at Goldman Sachs Group Inc., the accord has less substance on exchange rates than the U.S. trade deal with Mexico and Canada.“I don’t see a lot new here and its less relative to what’s in the United States-Mexico-Canada Agreement, particularly given there is no agreement to publish intervention data,” said the strategist. “There’s nothing in it that significantly alters our outlook for the yuan. We see the currency moving to 6.85 in three months — so close to flat.”(Adds Kapstream’s comments in the 11th paragraph)–With assistance from Ruth Carson.To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;Liz Capo McCormick in New York at emccormick7@bloomberg.netTo contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, ;Alex Wayne at awayne3@bloomberg.net, Mark TannenbaumFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Be Sociable, Share!

Related Posts