GS-Goldman Sachs Earnings Report | Stocks to Trade 4-18-17

goldman-sachs-earnings report

goldman-sachs-earnings report

Goldman Sachs Rated a ‘Buy’ Ahead of 1Q Earnings

CFRA analyst Ken Leon upgraded Goldman Sachs (GS) to “buy” from “hold” with a $255 price target ahead of the company’s first quarter earnings release on April 18.

“Following strong results in investment banking and trading by JP Morgan (JPM), we believe GS will deliver comparable strength. GS has the highest revenue concentration to the capital markets vs. peers, and it will report Q1 results next Tuesday,” Leon wrote.

Goldman Sachs Group Inc (GS) to Release Quarterly Earnings on Tuesday

Goldman Sachs Group Inc (NYSE:GS) is scheduled to issue its quarterly earnings data on Tuesday, April 18th. Analysts expect the company to announce earnings of $5.31 per share for the quarter.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 18th. The investment management company reported $5.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.32. Goldman Sachs Group had a net margin of 24.17% and a return on equity of 9.78%.

Will Goldman (GS) Q1 Earnings Top Estimates on Cost Control?

We expect The Goldman Sachs Group, Inc. to beat earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 18.

Why a Likely Positive Surprise?

Our proven model shows that Goldman has the right combination of two key ingredients to beat earnings.

Zacks ESP: The Earnings ESP for the stock, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +1.69%. This is a very significant and leading indicator of a likely positive earnings surprise for the company. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

$GS 4-18-17 Before Earnings

$GS 4-18-17 Before Earnings

Today’s Trading Lesson…

Day Trade the Best Stocks and Adjust to the Market

Are you ready to be in cash if you can’t find awesome risk/reward scenarios for new long positions?

Most day traders like to be “long.” We like to be buyers.

It’s easier to understand than short-selling and technically has defined risk (you know where zero is). If this is you, it’s time to get prepared. Great day traders look for new ideas regardless of nyse runnerexisting positions. You should do the same.

Only plan day trades that match your strategy. It’s very tough to be profitable with spur of the moment ideas.

Always be assessing probabilities for your next move. Always be building if/then scenarios. Day trading is hard work. The stock market has been kind to investors the last 2 years. We aren’t investors. It’s time to make a trading plan for a bearish tape.


On the Tape Today | 4-18-17

$PM 4-18-17

$PM 4-18-17

PM | Phillip Morris produced a clean "fuel candlestick" and finally closed strongly above the $114 resistance. Game planning a $115.25 buy stop and a stop loss on a close below $114. Using a stop order to enter because I want to see follow through. Initial target comes in at $118.50.

$TSO 4-18-17

$TSO 4-18-17

TSO | Tesoro keeps knocking on the $79 support and appears ready to crack. Preparing a game plan for a sell short using a $78.75 sell stop with a clear target of $73.75. Stop loss on a close above $80. 


$SPY 4-18-17

$SPY 4-18-17

Tape Reading the SPY ETF

$SPY reacted to the non event over the weekend on light volume. An impressive day without much support.

The stock market remains stuck in neural, despite all of us wanted to see a clear bias to order flow. Short-term trading and trends give you the best chance right now. Keep in mind I am referring to the major indices. With earnings season here, plenty of stocks provide opportunity independent of the general market.

If trading earnings like GS or IBM on the day of the report scares you, let it go, and get involved the next day. Clear order flow typically unfolds and gives you a nice 3-5 day trade.

NFLX reported earnings yesterday, take a look and see if it fits your criteria.

I don’t want to write a long smart-sounding analysis of the $SPY because quite frankly, we are range bound. Stock picking skills and cash flow trade management are the correct play right now.

Stock Market Today: Heatmap of the S&P 500

$SP 500 4-18-17

$SP 500 4-18-17

Stocks to Trade 4-18-17 | Tuesday Edition

Short-Term Momentum

Bullish Momentum: SWFT, SRPT

Bearish Momentum: dish, slca, x, tpx

Long-Term Order Flow


Bearish Order Flow: panw, tpx, tso, tsco, akam, cvx, psx, fnsr, kmx, lulu

2X Normal Volume: NFLX, LLY, DISH, INCY, HOG

Inside Days: msft, c, ms, dal ,met, hal, hbi, dis, nbl, symc, jblu, cog, txn, nem, tsla, wdc, cat, ibm, mpc, stx, sti, pep, vlo,  lulu, urb, dis, psx, intu

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