Goldman Sachs (GS) Offering Possible 40.06% Return Over the Next 14 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 $235.00 long put offers a potential 40.06% return on risk over the next 14 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 $1.43 would be kept by the premium seller. The risk of $3.57 would be incurred if the stock dropped below the $235.00 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 at 48.93 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

Prized Goldman Tech Hire Mike Blum Leaves, Extending Spate of Exits
Thu, 06 Feb 2020 01:05:39 +0000
(Bloomberg) — It was such a coup when Goldman Sachs Group Inc. landed electronic-trading veteran Mike Blum in late 2017, that the bank whisked him straight into its prestigious partnership. Now, he’s joining a spate of senior technology executives abruptly leaving.Blum, the former tech chief at high-frequency trading specialist KCG Holdings Inc., informed Goldman Sachs of his decision to step down as chief technology officer for electronic trading, according to people with knowledge of the matter who asked not to be named discussing personnel matters. A company spokesman declined to comment.It’s the third departure of a key executive from the trading unit’s electronic operations in as many days. He follows Ezra Nahum, its chief of engineering and operations, and Adam Korn, head of engineering. This week the bank also lost Rana Yared, who invested the firm’s own money in several fledgling tech ventures.Together that’s a significant bleed of expertise in operations Goldman Sachs told investors just last week will play a pivotal role in the investment bank’s evolution and growth for years to come. The steady drip of departures from one area is unusual for the elite firm, even at a time of year when bonus payouts unleash a wave of personnel moves across Wall Street.Goldman’s leaders touted a variety of tech projects at the investor day, explaining how innovations will lure clients and boost revenue. The departures will add to the pressure on the firm’s co-chief information officers, Marco Argenti and George Lee, and its chief technology officer, Atte Lahtiranta, to build a team capable of delivering on those goals. Two of them are themselves new, with Argenti joining the bank from Amazon.com Inc. and Lahtiranta from Verizon Media Group, both last year.Blum has been closely involved with efforts to reshape the firm’s electronic-trading platform to serve large quant hedge funds. The aim is to then deploy those advancements across a larger set of business partners. Reducing trading time, processing more requests and spitting out faster responses to queries would help generate more trades and more business.When he joined Goldman Sachs an internal memo said he would help build “an optimized large-scale electronic-trading platform.”At KCG, Blum oversaw the design and build-out of a trading and research platform. Earlier in this career, he was CTO at high-speed trading firm Teza Technologies. He also worked at Getco, a company that pioneered high-speed trading and formed KCG in a merger with struggling Knight Capital Group Inc. in 2013, as well as at UBS Group AG.To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David Scheer, Dan ReichlFor 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.

Goldman Sachs Partner in Technology Investments, Rana Yared, Leaves Firm
Wed, 05 Feb 2020 19:13:00 +0000
Rana Yared, a partner at Goldman Sachs who helped lead the bank's strategic investments in technology, particularly financial technology, is leaving the firm. Goldman revealed the move in an internal announcement Wednesday. Yared plans to join a venture capital firm as a general partner, a knowledgeable source told TheStreet.

FOCUS-France's BNP Paribas on prowl for further European expansion
Wed, 05 Feb 2020 16:55:57 +0000
BNP Paribas is looking for further opportunities to expand its investment banking franchise in Europe and fortify its lead over local rivals after last year taking over Deutsche Bank's electronic equity and prime broking operations. France's biggest bank has jumped to the top of Europe's investment banking league tables by gaining market share in fixed income and equities trading, as others pare back or exit.

Construction Machinery Stocks Dig in at Support
Wed, 05 Feb 2020 16:15:37 +0000
Buyers returned to construction machinery stocks at key support levels Tuesday. Play for a rebound in these three large-cap leaders.

Envestnet Hires Goldman to Advise on Options for Yodlee. A Sale Could Be Coming.
Wed, 05 Feb 2020 15:31:00 +0000
Envestnet, a provider of software for financial advisors looks like it may be a step closer to selling Yodlee, which helps consumers see a snapshot of their financial data on a single screen.

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