Morningstar analysts think Goldman Sachs' stock is set to outperform. They're not as bullish as they once were. » Read More
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Many option traders wanted to put their hands around the call options in Goldman Sachs on Monday, reflecting optimism about the prospects for favorable earnings from the investment bank.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades as well as high risk / high reward plays for the Million Dollar Portfolio Challenge.
We told you about the fundamentals now find out how the technicals suggest trading Goldman Sachs and Merrill Lynch!
Stocks finished mixed amid volatile oil prices and a weak manufacturing report from the Fed.
The Dow finished Monday’s session modestly lower as investors continued to worry about the course of the economy. What's the "Word on the Street?"
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
Lehman Brothers Holdings' chief executive expressed confidence in the investment bank on Monday, sending its shares up as much as 9 percent even as it posted its first quarterly loss as a public company.
Now that Lehman's out of the way, all eyes are on Goldman Sachs and Morgan Stanley. What should you expect?
Goldman Sachs Group laid off investment bankers last week as it reacts to slowing markets and a slump in merger activity, according to people familiar with the situation and Wall Street recruiters.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
What's bubbling in the options market? General Electric and financials, according to one tracker.
Stocks opened lower on Wall Street Monday as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
S&P futures dropped about 5 points as the New York Empire State Index was notably weaker than expected and has been down 4 of the last 5 months, then dropped again on oil. The most important issues this week:
Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Options were active in GE and Goldman Sachs last week, according to one observer.
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished, the New York Times reported.
Should oil prices extend their pullback and data show no further deterioration in the U.S. economy, stocks could rise next week. But investment banking results will be the wild card.
In Friday’s Web Extra the traders reveal how to play Goldman Sachs, wholesale inflation data, and FedEx in the week ahead.
Following are the “Fast & Furious” trades. Now we bring you even more Fast ways to trade tomorrow's market moving events.