GS Goldman Sachs Earnings Report 11-17-18

GS Goldman Sachs Earnings Report 11-17-18

GS Goldman Sachs Earnings Report 11-17-18

Earnings Preview: Bank Of America, Goldman Sachs And Morgan Stanley Take The Stage This Week

Goldman Sachs Earnings and Options Trading Activity

For Q4, Goldman Sachs is expected to report adjusted EPS of $4.90, down from $5.08 in the prior-year quarter, on revenue of $7.63 billion, according to third-party consensus analyst estimates.

In the third quarter of 2017, the company reported a 26% year over year drop in revenue from fixed income, currency and commodity trading as a result of low volatility and low client activity.

In the same quarter, Goldman Sachs reported double-digit revenue growth in its investment banking as well as its investing and lending division, offsetting the declines in trading revenue.

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What to expect when Goldman Sachs and Morgan Stanley report earnings

They may seem more prestigious than plain-vanilla deposit-taking banks, but Morgan Stanley and Goldman Sachs face the same headwinds as their peers as earnings season gets underway.

Both face one-time dings from the tax changes, as reported in December. And both have excellent prospects for 2018, if stronger economic growth around the world, stronger inflation, and choppier markets emerge as expected.

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GS Goldman Sachs Chart Before Earnings 1-17-18

GS Goldman Sachs Chart Before Earnings 1-17-18

Cryptocurrency Trading

Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse

Most major digital currencies sold off sharply on Tuesday, but the declines in bitcoin, ethereum and litecoin prices weren’t as bad as much of the rest of the market.

All of the top 20 digital currencies — by market value — suffered double digit losses over the last 24 hours, according to data from industry website CoinMarketCap.

For example, ripple was down 19 percent, bitcoin cash was down 13 percent, iota was down nearly 20 percent and monero was almost 15 percent as of 9 a.m. London time.

Continue Reading on CNBC == >

Today's Trade of the Day | 1-17-18

QCOM Chart 1-17-18

QCOM Chart 1-17-18

Today's chart of QCOM is more of a lesson, that a trade of the day. With the stock market getting pounded yesterday, we have a great opportunity to talk about relative strength and relative weakness plays.

If you're a short-term trader, these setups are some of the most reliable ideas you can scan for each day. The scan is to search for stocks that were strong on a weak day, and then look to be a buyer of momentum the next day (such as QCOM). -- QCOM had news of a buy-back, so this is not a pure technical play. But you get the idea.

There is a progression of which RS plays to take. Obvious order flow is the best, next would be if the stock is well-bid (for a long). Keep this simple scan in your game plan for some easy trades.

SPY ETF Chart 1-17-18

SPY ETF Chart 1-17-18

HEADLINE NEWS

S&P 500 Heatmap

SP 500 Heatmap 1-17-18

SP 500 Heatmap 1-17-18

Stocks to Trade | Wednesday Edition 1-17-18

MOMENTUM

Bullish Momentum: QCOM, MCK, VNTV, ABBV

Bearish Momentum: riot, htz, car, roku, tal, juno, cf, bmy, scg, dish, mac, nke

ORDER FLOW

Bullish Order Flow: KSS, NKTR, UAL, STX, CAH, TGT, NVDA, LOW, NFLX, TSCO, BA, TXN, CAT, EOG, BBY, UPS, AMZN, DVA, CVS, DE, COF, CVX, MCK, ADBE, PYPL, MAR, LYB, UTX, UNP, HD, MA, DLTR, JPM, V

Bearish Order Flow: pcg, eix, d, duk, kmb

Double Normal Volume: MRK, FB, BMY, TAL, LOW, NFLX, BA, VNTV, TXN, D, HTZ, CAT, AMZN, CAR, UNH

Inside Days: wfc, mrvl, hd, wba, agn, mnk

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