What's the trade ahead of Goldman Sachs (GS) earnings Tuesday before the bell? Find out from Oppenheimer Chief Market Technician Carter Worth.
Following is a synopsis of the main points made by Carter Worth on “Fast Money.”
Typically, stock prices follow earnings, he said. That’s not exactly a headline, but it’s probably as close to a truism on Wall Street as you can get. In recent months, we've seen the stock prices of Bear Stearns (BSC) and Morgan Stanley (MS) go lower as their earnings have declined.