🚀 Goldman Sachs Surges: A Deep Dive into the +5.75% Weekly Spike!
🚀 Goldman Sachs Surges: A Deep Dive into the +5.75% Weekly Spike!
Investment banking giant, Goldman Sachs Group (GS, $343.32), defied market expectations this week, emerging as one of the top gainers with a robust +5.75% weekly ascent. But what's the story behind this bullish rally? Let’s unpack the data and trends.
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Dividend Details 💵:
Shareholders, mark your calendars! A dividend of $2.75 per share is set for disbursement come September 28, 2023. And for those curious about the previous payout, it stood at $2.50 on June 29. A quick refresher on dividend dynamics: if you're buying the stock on or post the ex-dividend date (August 30, 2023), you'll miss out on this dividend. Early birds who purchased before this date get to pocket the payout!
💡 Key Highlights
Sector Overview:
Within the Investment Banks/Brokers Industry, out of the 194 stocks scrutinized by A.I.dvisor, a substantial 66.67% (or 129 stocks) saw an uptrend. In contrast, 65 stocks (or 33.33%) experienced a downtrend.
Earnings Update:
The last earnings update from Goldman Sachs on July 19 brought a mixed bag. With earnings per share landing at $3.08, it fell short of the projected $3.18.
🔍 Zooming Into the Industry
Who's Who:
Apart from Goldman Sachs, some of the industry's heavy hitters include Morgan Stanley, Charles Schwab Corp, and CME Group.
Nature of the Beast:
Investment banks, like Goldman Sachs, operate in a unique niche. From underwriting to spearheading IPOs, facilitating high-stakes mergers to acting as financial knights in shining armor for corporate entities - they do it all. They often also take calculated risks, trading securities for potential gains.
Market Cap Overview:
Casting our net wider, the industry's average market capitalization is $9.46B. At the top of the valuation ladder, we have PKRSF boasting a valuation of $928.5B. Contrastingly, BFCH occupies the lowest rung with a valuation of just 13.
📊 A Quick Numbers Crunch
Price Metrics:
The last week was a bit of a roller coaster for the Investment Banks/Brokers Industry, with an average price dip of 2%. This trend held steady across the month. But the quarterly growth? A whopping 170%!
Volume Dynamics:
Trade volume, an essential pulse of market activity, declined by 28% on a weekly average. Monthly numbers, however, tell a brighter tale with a 1% uptick. The quarterly volume analysis painted a bleaker picture with a 36% drop.
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Fundamental Ratings:
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Investors with an eye on the long game, take note! The fundamental analysis ratings offer valuable insights:
- Valuation Rating: 53
- P/E Growth Rating: 63
- Price Growth Rating: 58
- SMR Rating: 69
- Profit Risk Rating: 76
- Seasonality Score: -14 (with -100 being the lowest and +100 the peak)
Goldman Sachs's stellar performance this week provides traders and investors a fascinating case study in market dynamics and the investment banking industry's current pulse. With a blend of data, trends, and a touch of market intuition, who knows what next week holds? Stay tuned, and as always, trade wisely! 📈🔍📊
GS's RSI Indicator recovers from oversold territory
The RSI Indicator for GS moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where GS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
GS moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GS advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
GS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 251 cases where GS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GS as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GS turned negative on November 29, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.270) is normal, around the industry mean (5.702). P/E Ratio (18.081) is within average values for comparable stocks, (34.442). Projected Growth (PEG Ratio) (3.284) is also within normal values, averaging (2.610). Dividend Yield (0.026) settles around the average of (0.030) among similar stocks. P/S Ratio (3.091) is also within normal values, averaging (112.495).
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of investment banking, securities and asset management services
Industry InvestmentBanksBrokers