Goldman Sachs

  • GS

  • $585.00

  • -1.12%

  • $594.00

  • $595.00

  • $585.08

Ticker Appearances

Tue, October 15, 2024 | 9:47AM ET

⚡ FlashInsights

Tue, October 15, 2024 | 9:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
The drop in long-term rates in recent months still doesn't appear to be affecting bank Net interest income all that meaningfully, and this morning's earnings out of BAC -0.93%  GS -1.12%  and C -0.63%  are lifting these three stocks around 2% in pre-market trading. Technically, there was ample evidence that Financial earnings period might be received favorably by markets given the triangle breakout in the Financial sector that happened back on 10/4, a full week BEFORE Financial earnings got underway. This has helped the Financial sector claw back and is now the best performing sector over the last week based on Equal-weighted ETF performance out of the 11 major sectors. Invesco's RYF is up +3.80% over the last week, far better than the +2.28% in RSP and better than the +2.88% in ^SPX -0.02%  itself. Financials outperformance has begun to accelerate following last month's ability of RSPF to have exceeded former all-time highs from early 2022, and technically this sector remains an Overweight.
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Daily Technical Strategy
Mon, July 15, 2024 | 7:37PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Expect Regional Banks and Biotechnology will also benefit as Small caps rally

US EQUITY INDICES ARE STARTING TO MOVE HIGHER IN TANDEM, WITH ^SPX -0.02% , RSP -0.42% , DJIA 0.08%  AND ALSO QQQ 0.61%  ALL SHOWING GAINS OF ROUGHLY +0.45%.  SMALL CAPS,...

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Daily Technical Strategy
Fri, April 12, 2024 | 6:53PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Financials nearing short-term support but selectivity remains key

THIS WEEK’S SELLOFF LOOKS TO BE NEARING IMPORTANT SUPPORT HEADING INTO NEXT WEEK WHICH SHOULD ALLOW FOR SOME STABILIZATION AND A SNAPBACK RALLY INTO LATE...

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Live Technical Stock Analysis
Thu, February 1, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis February 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

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Wed, November 8, 2023 | 9:35AM ET

⚡ FlashInsights

Wed, November 8, 2023 | 9:35AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥
This remains a light #macro week, but because positioning is so ‘light’ we expect stocks to levitate in the absence of macro.QQQ 0.61% SPY -0.02% IWM -0.81%  This chart fromGS -1.12%  Goldman Sachs speaks to the light positioning
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