Goldman Sachs (GS) Offering Possible 51.52% Return Over the Next 13 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $337.50 short call and a strike $342.50 long call offers a potential 51.52% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $337.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock rose above the $342.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Goldman Sachs is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Goldman Sachs is bearish.

The RSI indicator is at 27 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

Goldman Sachs GQG fund cuts Russian exposure to $222 million
Fri, 04 Mar 2022 00:08:05 +0000
Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and a spokesperson, down from over $1.7 billion six months ago. The Goldman Sachs GQG Partners International Opportunities Fund was 0.99% exposed to Russia as of the end of February, Goldman Sachs said in a statement on its website, with holdings in Lukoil, Rosneft and Gazprom. The fund is Goldman's only fund with Russian exposure, according to data from research firm Morningstar on the top 100 open-end and exchange-traded funds worldwide in terms of estimated U.S. dollar exposure to Russian securities.

Wall Street Is Already Pouncing on Russia’s Cheap Corporate Debt
Thu, 03 Mar 2022 23:59:15 +0000
(Bloomberg) — As the U.S. and allies tighten sanctions on Russia and choke off investor demand for its assets, parts of Wall Street are jumping on the buying opportunity that it’s creating.Most Read from BloombergRussian Forces Occupy Site of Nuclear Plant as Fire ContainedUkraine Update: Russian Troops Occupy Nuclear Plant SiteRussia’s Rating Cut to Junk; Talks on Tap: Ukraine UpdateGerman Authorities Said to Deny Seizing Usmanov YachtResignation Sets In as Russians Face Their New Economic Rea

Goldman Sachs GQG fund cuts Russian exposure to $222 mln
Thu, 03 Mar 2022 23:56:55 +0000
Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and a spokesperson, down from over $1.7 billion six months ago. The Goldman Sachs GQG Partners International Opportunities Fund was 0.99% exposed to Russia as of the end of February, Goldman Sachs said in a statement on its website, with holdings in Lukoil, Rosneft and Gazprom. The fund is Goldman's only fund with Russian exposure, according to data from research firm Morningstar on the top 100 open-end and exchange-traded funds worldwide in terms of estimated U.S. dollar exposure to Russian securities.

Goldman Sachs (GS) Dips More Than Broader Markets: What You Should Know
Thu, 03 Mar 2022 22:45:10 +0000
In the latest trading session, Goldman Sachs (GS) closed at $333.42, marking a -0.88% move from the previous day.

Ex-Goldman Sachs banker calls on Wall Street giant to exit Russia
Thu, 03 Mar 2022 18:52:16 +0000
A one-time Goldman Sachs banker has written an open letter to David Solomon calling on the Wall Street investment bank's chief executive to exit Russia and re-locate staff from Moscow to stay “on the right side of history”. Georgy Egorov, a former equity capital markets director who left Goldman Sachs for Swiss rival UBS in 2010, also criticised a message posted earlier this week by Solomon on social media for not condemning the Russian invasion of Ukraine. “I was so proud, as a Goldman banker in Russia, to have worked on some of the largest transactions globally at the time – the largest bridge loan (Gazprom), the largest syndicated loan (Rosneft), one of the largest IPOs (VTB),” Egorov's letter said.

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