GS Goldman Sachs Earnings Trade | Stocks to Trade | 4.16.15

GS, Goldman Sachs is an interesting trade today.
A higher opening is good off earnings but it is not a good trade today.

When a stock has a multi-day move in one direction, a gap in that direction sets up capitulation. This means the stocks has exhausted it’s current move.

The correct play here is to wait for a pause or consolidation so you can manage risk. It is a high-probability long any day trader would want to trade. It is simply not a good trade on the open.

This type of analysis should already be a part of your trading plan.

GS Goldman Sachs Chart
gs goldman sachs

GS Goldman Sachs Trade and Daily Game Plan

GS Goldman Sachs Earnings News

Early movers: GS, UNH, BLK, BX, KEY, PM & more

Goldman Sachs Beats Q1 Expectations

Goldman Sachs Group Inc (NYSE: GS) reported stronger-than-expected results for the first quarter. The New York-based bank posted quarterly net earnings of $2.84 billion, or $5.94 per share, versus a year-ago profit of $2.03 billion, or $4.02 per share.

Goldman profit gets boost from burst of trading

Goldman Sachs delivered quarterly earnings that topped analysts’ expectations on Thursday.

Bank of America Initiates Goldman Sachs BDC At Neutral

Bank of America initiated coverage on Goldman Sachs BDC, Inc. (NYSE: GSBD) with a Neutral rating. The target price for Goldman Sachs BDC is set to $22. Goldman Sachs BDC shares closed at $21.59 yesterday. Latest Ratings for GSBD DateFirmActionFromTo Apr 2015Bank of AmericaInitiates Coverage onNeutral Apr 2015CitigroupInitiates Coverage onBuy Apr 2015SunTrust Robinson HumphreyInitiates Coverage onBuy View More Analyst Ratings for GSBD View the Latest Analyst Ratings

Other Notable Earnings Today:

C Citigroup

Citigroup Q1 adj. revenue $19.8 bln; FactSet consensus $19.8 bln

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Citigroup Q1 revenue $19.7 bln vs. $20.2 bln

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Citigroup Q1 adj. EPS $1.52; FactSet consensus $1.39

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

AXP American Express

Top Analyst Upgrades and Downgrades: AmEx, BIND, Devon, GM, Novavax, Teck and More

Tuesday’s top analyst upgrades and downgrades include American Express, BIND Therapeutics, Devon Energy, General Motors, Novavax and Toyota.

 

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