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Daily Alert - 5/2/19

11 analysts have raised their EPS estimates for this investment banking firm in the last 30 days.

11 analysts have raised their EPS estimates for this investment banking firm in the last 30 days.

The Goldman Sachs Group, Inc. (GS)
From Shortex Market Letter

Goldman Sachs (GS)
52wk H. 249.15 52wk L. 151.70
Mkt Cap: $77.23B, EPS: 24.02 P/E: 8.50, Beta: 1.20
Div/Yld: 3.20(1.67%)

The global investment banking firm has a primary income derived from trading and investments and lending institutions clients, hedge funds, HFTs.

Recent profit drop due to a shift away from trading. In erratic pattern since early June ’17. Plunging to (215-201) to (193-185) to (171-165) to new low of 151.70. Reversal rocketed to (190-197) consolidating in death cross pattern since Dec ’18.

Volatile.

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BUYING RANGE: 193-210
NR TERM OBJ: 220
INTERMED OBJ: 251
STOP LOSS: 181

Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, April 25, 2019