Earnings Preview: Goldman Sachs and Morgan Stanley Report Tuesday
The big bank earnings parade continues as we head into another heavy week of results. Both Goldman Sachs (GS) and Morgan Stanley (MS) report third-quarter earnings before the market opens on Tuesday, October 17. Low volatility across many markets has put these firms’ trading segments in focus in recent quarters, and that is likely be one of the main areas that analysts dig into again […].
How Goldman and Morgan Stanley’s Profits Might Still Surprise
As Goldman Sachs Group Inc. and Morgan Stanley’s bigger rivals reported third-quarter results last week, most U.S. bank stocks tumbled. Can the pair buck the trend when they post figures Tuesday? At Goldman Sachs, investors will focus on whether it’s making progress in improving trading — a source of revenue under pressure industry-wide.
The bank vowed to address problems after that business posted its worst first-half performance in more than a decade. JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. all disclosed third-quarter declines last week. But another theme that emerged for the quarter — signs of trouble in consumer lending — may spell less pain for Goldman and Morgan Stanley, because they don’t rely so heavily on that business.
Jim Cramer on Everything To Know About Goldman Sachs, Morgan Stanley Earnings
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Today's Trading Lesson
How to Profitably Trade Stocks
I wanted to take my time answering your question because it deserves a good reply.
First let me say that trading for a living, for extra money, whatever your goal- is possible. With my own eyes I have witnessed too much success to believe otherwise.
So if that’s the case, why is the rate of failure higher than the rate of success?
The first reason that comes to mind is a lack of respect for the task at hand. Chart reading is not trading, the same as passing a written exam doesn’t teach you to drive.
If you can begin respecting the task, that’s a good place to start. Most people see a much further advanced version of themselves in the mirror, with no results to back it up.
Today's Trade of the Day | 10-17-17
BABA-Alibaba Group traded into a well-offered pattern and then into an inside day. Game planning a new long. If the stock price trades below yesterday's low before triggering my buy-stop I am letting the trade go. This is a long only play.Setting a $180 buy-stop and a target to sell the swing trade @ $192.50. Stop loss comes in on a close below $177.50
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S&P 500 Heatmap
Stocks to Trade |Tuesday Edition 10-17-17
Bullish Momentum: BIDU, JWN
Bearish Momentum: aaoi, pcg, agn, mnk, slca
Bullish Order Flow: BIDU, MU, TAL, AMAT, LNG, CC, NVDA, NFLX, LRCX, AA, PNC, CVX, AABA, TXN, BABA, ADP, CAT, DLTR, ABBV, HON, UTX, CAR, DE, HD, XLNX, MCD, MAR, V, BA, LUV, DG, DAL, MA, VLO, AXP, PYPL, HTZ
Bearish Order Flow: jwn, agn, mnk, dxcm, esrx, cah, mdt, wba, cvs, cbs, k
Double Normal Volume: PCG, EXEL, NFLX, JWN, AGN
Inside Days: baba, intc, msft, hpq, hmny, xom, dal, mo, atvi, cop, celg, stx, cag, wdc, crm, mos, cost, kbh, wmb, dltr, k, hrb, ntap, car, de