As the report of the holdings for the second quarter has come out for Berkshire Hathaway, there are a few surprises there: they have increased their stake of Apple by 75,000,000 – and the total now is almost 240,000,000. In dollar terms, the holdings are worth a little bit over 50 billion dollars. Teva Pharmaceutical – not the best performer in the biotech space – was another beneficiary of Berkshire Hathaway. Buffett also has done some reshuffling in his airline holdings: they added to Delta Air Lines, Southwest Air and trimmed their holdings of United Continental.
As we know, Warren Buffet is a big fan of Wells Fargo – or at least he has been for many years but ever persisting scandals apparently are starting to take tall even on the most religious believers – Berkshire trimmed their holdings of Wells Fargo and increased their holdings of iconic Goldman Sachs. Apparently, Mr. Buffet cannot forget these very profitable preferred convertibles he got from Goldman Sachs during the financial crisis.
GS saw its Momentum Indicator move above the 0 level on April 22, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 77 similar instances where the indicator turned positive. In of the 77 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for GS just turned positive on April 23, 2024. Looking at past instances where GS's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
GS moved above its 50-day moving average on April 15, 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 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 276 cases where GS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
GS broke above its upper Bollinger Band on April 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 74, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 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 (5.433). P/E Ratio (18.081) is within average values for comparable stocks, (35.241). 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 (105.216).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of investment banking, securities and asset management services
Industry InvestmentBanksBrokers