GO
Loading...

Watch Goldman Earnings for Strong Trading Revenues: Terranova

With Citi earnings beating Street expectations, how should you position ahead of results from Goldman Sachs?

Trader Joe Terrarnova is bullish. “I bought the stock last week,” he reveals.” I see potential for trading revenues to be better than expected – Q1 was largely better than expected. I think the stock surprises to the upside.”

Vote
Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

Trader Patty Edwards is somewhat bullish. “Goldman is trading at .89 book – at least book as we know it,” she says. “And I think their numbers will decent. If it meets your criteria, take a look.”

However Edwards also adds the stock does not meet her criteria. She tends to be a conservative investor and reminds the desk, broadly, “I’m a bear on banks.”

Trader Steve Grasso is neutral on Goldman at best. “If you think the market is coming in – as I do – I’d stay on the sidelines.”

Trader Brian Kelly is outright bearish. “I’d much rather put money to work in the regionals as a play on the domestic recovery,” he says.

What do you think? We want to know!







______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On Apr 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long GS; Joe Terranova is long JOY; Joe Terranova is long HPQ; Joe Terranova is long LQD; Steven Grasso is long CUBA; Steven Grasso is long GERN; Steven Grasso is long HPQ; Steven Grasso is long HSPO; Steven Grasso is long MU; Steven Grasso is long NAT; Steven Grasso is long NYX; Steven Grasso is long P; Steven Grasso is long PRST; Steven Grasso is long VVUS; Steven Grasso is long XRX; Steven Grasso is long ZNGA; Steven Grasso is long ORCL; Steven Grasso is long UAL; Steven Grasso is long LNG; Steven Grasso is short AAPL; Steven Grasso is short QQQ; Patty Edwards is long for clients AAPL; Patty Edwards is long for clients WFC; Patty Edwards is long for clients GDX; Patty Edwards is long for clients GLD; Patty Edwards is long for clients KMB; Patty Edwards is long for clients ERF; Patty Edwards is long for clients INTC; Patty Edwards is long for clients JOY ; Patty Edwards is long for clients SBUX; Patty Edwards is long for clients COP; Patty Edwards is long for clients AMZN; Patty Edwards is long for clients PEP; Patty Edwards is long for clients HD; Patty Edwards is long for clients BRK.B; Patty Edwards is long for clients JNJ; Patty Edwards is long for clients BMY; Brian Kelly is long SPY; Brian Kelly is long IWM; Brian Kelly is long USG; Brian Kelly is long KRE; Brian Kelly is long CAF; Brian Kelly is long GERMAN BUNDS; Brian Kelly is short EUROTOXX 50 FUTURES; Brian Kelly is short BRITISH POUND; Brian Kelly is short SWEDISH KRONE

For Doug Kass
Doug Kass is long XLF
Doug Kass is long BAC
Doug Kass is long C
Doug Kass is long BRK.B

For Sam Isaly
Sam Isaly is long JNJ
Sam Isaly is long ISRG
Sam Isaly is long PFE
Sam Isaly is long FRX
Sam Isaly is long LLY
Sam Isaly is long WLP
Sam Isaly is long PFE
Sam Isaly is long RHHBY
Sam Isaly is long NVS
Sam Isaly is long BMY
Sam Isaly is long SNY
Sam Isaly is long MRK

For JC O’Hara
Nothing to disclose

For Peter Keith
Piper Jaffray usually provides bids and offers for the securities of Home Depot, Inc. (The) and will, from time to time, buy and sell Home Depot, Inc. (The) securities on a principal basis: HD
Piper Jaffray usually provides bids and offers for the securities of Lumber Liquidators, Inc. and will, from time to time, buy and sell Lumber Liquidators, Inc. securities on a principal basis: LL
Piper Jaffray has received non-investment banking securities-related services from or has had a client relationship with Lowe's Companies, Inc. in the past 12 months: LOW
Piper Jaffray usually provides bids and offers for the securities of Lowe's Companies, Inc. and will, from time to time, buy and sell Lowe's Companies, Inc. securities on a principal basis: LOW


CNBC.com with wires.

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report