(Bloomberg) — A former jet-setting Chicago billionaire was sentenced to seven and a half years in prison for a $1 billion fraud at an advertising startup that included investors such as Goldman Sachs Group Inc., Google parent Alphabet Inc. and Illinois Governor JB Pritzker’s venture capital firm. Most Read from Bloomberg Rishi Shah, 38, the […]
(Bloomberg) — It has become one of the most popular — and more recently, painful — trades among arbitrageurs on Wall Street: buying Taiwan Semiconductor Manufacturing Co.’s lower-valued Taipei shares and shorting the US stock on hopes prices will converge. Most Read from Bloomberg Goldman Sachs Group Inc. is now highlighting a zero-cost alternative. Investors […]
The biotech stocks get a lot of attention, from both stock analysts and investors, but the companies don’t exist in a vacuum. We are all familiar with their famously high overhead, but we might be less familiar with the companies behind the scenes that streamline the process. CROs, contract research organizations, are firms hired by […]
(Reuters) – Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple. Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms have collectively surged by 45% and now comprise 25% of […]
We recently compiled the list of the 15 Best Hardware Stocks According To Goldman Sachs using the latest sentiment data. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other hardware stocks. The soaring popularity of artificial intelligence for consumer and business applications has injected […]
(Bloomberg) — Goldman Sachs Group Inc. strategists have boosted their year-end target for the S&P 500 Index for a third time, reflecting Wall Street’s optimistic outlook for earnings growth and the US economy. Most Read from Bloomberg The bank’s equity strategists led by David Kostin now see the US stock benchmark index finishing the year […]
Stock picking is going to get a bit more difficult in the near term, if the word coming out of Goldman Sachs is accurate. The firm’s strategist, Peter Oppenheimer, sees a combination of rising bond yields and high stock valuations working together to tighten up overall gains in the equity markets. “The faster any rise […]
Reuters A record $7.3 trillion in money market funds could soon be reinvested elsewhere, Goldman Sachs says. The bank’s trading desk highlighted that bullish seasonals in July set the market up for further gains. “The bar for being short equities right now is very high given these upcoming flow and random market dynamics.” A “wall […]
Millennials and Gen Zers are famously on their own when it comes to retirement savings, with virtually no access to pensions, and muted expectations of being able to rely on Social Security. Ironically, that pessimism actually may be helping them. That’s according to a new report from Goldman Sachs Asset Management, which surveyed over 5,200 […]
(Bloomberg) — European drugmakers that are focused on building portfolios of new medicines have gotten a nod from analysts at Goldman Sachs Group Inc. Most Read from Bloomberg The analysts initiated coverage of six large-cap pharmaceutical stocks on Thursday, saying “innovation is the key to success.” They gave buy ratings to AstraZeneca Plc, Novo Nordisk […]
(Bloomberg) — The Federal Reserve Bank of Cleveland appointed Beth Hammack, a Goldman Sachs Group Inc. veteran, as its next president. Most Read from Bloomberg Hammack, who was most recently co-head of global financing at the Wall Street heavyweight, has more than three decades of experience in finance, capital markets, and risk management. She will […]
Given the S&P 500‘s recent surge beyond 5,300, surpassing some experts’ year-end targets, is it prudent for investors to be concerned about a potential overheating in the market? Goldman Sachs’ chief US equity strategist David Kostin believes that now that the S&P has climbed above the 5,200 target he’d predicted, there just isn’t much more […]