GoldmanSachs posts
Posted Jul 9th 2009 1:40PM by Melly Alazraki
Filed under: Analyst upgrades and downgrades, Goldman Sachs Group (GS)

Analysts at Banc of America Securities-Merrill Lynch
upgraded Goldman Sachs Group (NYSE:
GS) from Neutral to Buy today. In a note, lead analyst Guy Moszkowski said Goldman "is on track to beat its 2007 trading-revenue record, enabling it to boost compensation by an estimated 64 percent from last year," Bloomberg reported. BAC/Merrill analysts also upped their target price from $144 to $175. In response, GS stock rose about 3.5% to trade around $143.40.
Moszkowski gushed over Goldman's management skills, saying they're unmatched in the way the company manages risks. This, he said, is paying off in this market where most companies are far more risk averse than they used to be, offering Goldman "mute" competition.
Continue reading Goldman Sachs upgraded to Buy at Banc of America
Posted Jun 18th 2009 10:10AM by Mark Fightmaster
Filed under: Analyst reports, Analyst upgrades and downgrades

This morning, Goldman Sachs felt it prudent to up its view of the
U.S. auto sector to Attractive from Neutral. The brokerage stated that it would use any current weakness as an opportunity to build positions. If, like me, you are questioning Goldman's strategy, the firm explained, "Despite the significant rally in auto shares since the February lows, we think we are still in the middle phase of a cyclical rebound in the auto sector."
In its note to clients, Goldman Sachs predicted, "improved affordability, improving confidence and significant pent-up demand as likely to offset the impact from gas prices and deliver significantly more upside in the space as auto sales gain momentum."
Continue reading Surprisingly, Goldman Sachs raised the auto sector to Attractive
Posted Jun 3rd 2009 8:00AM by Tom Johansmeyer
Filed under: Analyst reports, Good news, Google (GOOG)
Goldman Sachs has upped its share price estimate on Google Inc. (NASDAQ: GOOG) to $486, an increase of 17%. The analysts cite both search query growth and improvements in emerging markets coverage as the reasons for giving a nod to the dominant player in the online search business. The higher estimate implies that Google still has plenty of room to grow, which leaves plenty of upside for investors.
On a per-share basis, Goldman Sachs pushed its earnings forecast for the search giant 2% higher for this year – to $21.30. Per-share earnings estimates for 2010 were increased to by 8% to $23.36, and the 2011 estimate is now $27.02 (up 12%).
Posted May 21st 2009 4:00PM by Jon Ogg
Filed under: Regions Financial (RF), QUALCOMM Inc (QCOM), Suntech Power Hldgs ADS (STP)

Today was a day marked by selling, partly on economic news and partly on a call from S&P. S&P put the credit bias of the United Kingdom
at "negative" from "stable" giving the notion that the nation's Triple-A ranking is possibly at risk to be cut. Then came the
implications from Bill Gross and others that the U.S. could ultimately see the same fate. To show how bad the trend and bias was, long-dated Treasuries saw their yields rise as much as 15 basis points today.
A slightly
less-bad jobs report failed to catch any attention today. In short, if you are a market bear you are getting more feathers in your cap now that earnings are basically finished. Here are today's unofficial closing bell levels:
Dow 8,291.82 -130.22 (-1.55%)
S&P 500 888.23 -15.24 (-1.69%)
Nasdaq 1,695.25 -32.59 (-1.89%)
Top Analyst CallsContinue reading Closing Bell: Bears getting braver (OPEN, LDK, STP, QCOM, RF, PETM)
Posted Apr 17th 2009 11:30AM by Steven Halpern
Filed under: Newsletters, Goldman Sachs Group (GS), Stocks to Buy, Federal Reserve, Financial Crisis
"Goldman Sachs (NYSE: GS) surprised investors with better-than-expected earnings while also raising equity to help replay $10 billion in TARP money," says Bill Martin In BullMarket.com.
"On the earnings front, Goldman swung back to solid profitability after turning in its first-ever quarterly loss at the end of its last fiscal year, which ended November 28th, 2008.
"Goldman earned a net profit of $1.66 billion, or $3.39 a share, compared to a Q1 2008 profit of $1.47 billion, or $3.23 a share. The results are a vast improvement over the loss of -$2.29 billion, or -$4.97 a share, reported for Q4 2008.
"Goldman Sachs has long been the best run of what were previously Wall Street's top investment banks and the strength of its trading operations were evident in the quarter.
Continue reading Good news from Goldman (GS)
Posted Apr 6th 2009 4:00PM by Jon Ogg
Filed under: Cisco Systems (CSCO), Ford Motor (F), AT and T (T), Amer Intl Group (AIG), Sun Microsystems (JAVA), Level 3 Communications (LVLT)

Four weeks in a row of gains were met with at least the first day of the week having sellers win over buyers. The good news is that the market came back at the end of the day. We might have closed up if we had another hour of trading on the clock.
Geithner's comments about running out management and boards of directors at banks which need capital did not help, nor did an influential banking analyst coming out with
very negative coverage of the sector at a new firm. Here were today's closing bell levels:
Dow 7,975.85 -41.74 (-0.52%)
S&P 500 835.48 -7.02 (-0.83%)
Nasdaq 1,606.71 -15.16 (-0.93%)
Top Analyst UpgradesTop Analyst Downgrades Continue reading Closing Bell: Another hour, and it might have been up (T, AIG, CSCO, F, LVLT, JAVA)
Posted Mar 31st 2009 9:05AM by Paul Foster
Filed under: Goldman Sachs Group (GS), Morgan Stanley (MS), Options
Morgan Stanley (NYSE: MS) closed at $22.13. MS is expected to report Q1 EPS soon. April option implied volatility is at 120; July is at 107; near its 26-week average of 113, according to Track Data, suggesting non-directional price movement.
Goldman Sachs (NYSE: GS) closed at $100.46. GS is expected to report Q1 EPS soon. GS April option implied volatility is at 87, July is at 81; above its 26-week average of 80, according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Mar 24th 2009 4:40PM by Sheldon Liber
Filed under: International markets, Bad news, Rants and raves, General Electric (GE), Scandals, Goldman Sachs Group (GS), Wells Fargo (WFC), Politics, Financial Crisis

In one of my previous blogs:
Is the stock market spring loaded? I coined the phrase
Lightspeed Inflation in reference to the rate at which the government was able to dilute our currency. It is time we stopped referring to the government's over spending as "running the printing presses".
We have reached a point, given our maximum note size of $100, that we would actually be better off if the government did have to print the money. Now they can just add whatever amount they want to the balance sheet electronically.
Continue reading From gold standard to no standard: 'Lightspeed inflation'
Posted Mar 20th 2009 8:15AM by Mark Fightmaster
Filed under: Goldman Sachs Group (GS), Amer Intl Group (AIG)
Goldman Sachs (NYSE:
GS) is set to make some news today, as the company is
going to hold a conference call to address "questions from journalists, and clarify certain misperceptions in the press regarding Goldman Sachs' trading relationship with American International Group." Furthermore, the call will be available to you and me over webcast -- according to GS's press release.
GS has drawn some scrutiny after it was discovered that $13 billion of the AIG-marked government funds actually went to GS. GS was not alone, as Sunday's release of spending details from
AIG (NYSE:
AIG) showed that Deutsche Bank and Societe Generale also received funds. Of the banks on the list submitted by AIG, GS received the most cash: $12.9 billion. Most of these payments were to compensate for collateral demands from hedges GS purchased from AIG.
Continue reading Goldman Sachs to release details of its AIG relationship
Posted Feb 8th 2009 10:26AM by Peter Cohan
Filed under: Goldman Sachs Group (GS), Financial Crisis
While Washington wrangles over $820 billion to stimulate the economy, the Fed and the Treasury have already invested or guaranteed $9 trillion to keep the financial system from imploding. For some strange reason, this much bigger figure seems to fly out the door with no public debate; little clear idea of how it's being spent; or what benefit it's creating. Now the Treasury is poised to announce its own plan to rescue the financial system. I think that plan needs work.
However, the Treasury plan will not be announced as originally scheduled on Monday because there seems to be a concern that it would complicate the passage of the stimulus plan. Meanwhile, Goldman Sachs Group (NYSE: GS) has estimated that it would cost $4 trillion to absorb all the banks' troubled mortgage and consumer debt.
Will Treasury propose a plan to use government funds to do this absorbing? If so, it would mark the biggest example in American history of letting private interests reap profits from their bad decisions -- in the form of keeping their bonuses which total about $100 billion over the last several years -- while sticking the public with the resulting losses which so far exceed $1 trillion.
Continue reading Why the Treasury should rethink its rescue plan
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