191.64 +0.28 (0.15%)
Pre-Market: 9:07AM EST
|Bid||191.80 x 800|
|Ask||192.17 x 900|
|Day's Range||190.35 - 195.89|
|52 Week Range||190.35 - 275.31|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||13.96|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||3.20 (1.58%)|
|1y Target Est||272.87|
Futures in New York rose as much as 2.7 percent after plunging more than 6 percent on Tuesday. The American Petroleum Institute was said to report a 1.55 million-barrel drop in stockpiles last week, compared with a gain forecast in a Bloomberg survey before government data due Wednesday. U.S. President Donald Trump thanked Saudi Arabia for working to reduce prices, and called for them to be even lower.
Goldman Sachs (GS) expects a high level of volatility in oil prices in the upcoming weeks—based on its note on November 21. In the last trading session, US crude oil prices fell 6.6%. At 7:01 AM EST on November 21, US crude oil prices have risen by almost 90 cents.
Morgan Stanley downgrades rival investment bank Goldman Sachs in light of a growing financial scandal, arguing that the stock could face headwinds. Goldman shares are down more than 14 percent since it was reported that a former partner pleaded guilty to helping steal from a Malaysian fund. "It is unclear how long the issue will take to resolve, what the fines and penalties could be, and what costs Goldman Sachs will subsequently incur," Morgan Stanley's analyst writes.
Soros Fund Management, which manages the Soros family’s wealth, also bought Alibaba and Micron Technology in the third quarter.
Kuwait Projects Co (KIPCO) , the Gulf state's largest investment company, has hired Goldman Sachs to advise it on the sale of its majority stake in pay-television operator OSN, sources familiar with the matter told Reuters. OSN, which this year signed its first partnership deal in the region with Netflix, posted a 10 percent year-on-year fall in income for the three months to Sept. 30, an OSN spokeswoman said. KIPCO and Goldman Sachs declined to comment.
Goldman Sachs' online retail bank "Marcus" has "exceeded every expectation" in its debut in the U.K., its managing director told CNBC. Marcus has won over 100,000 customers in the U.K. since its launch at the end of September. The digital bank is trying to attract customers with a 1.5 percent interest rate on savings.
The Japanese government is threatening to cut existing solar power project subsidies angering the power producers and investors that say the cuts will undermine their profitability and violate earlier agreements. The Ministry of Economy, Trade and Industry (METI) last month proposed that companies granted permits for solar projects between the fiscal years of 2012 to 2014 under so-called Feed-In-Tariffs that guarantee minimum power prices submit applications by March 2019 to connect to the grid. Japan introduced the FIT to spur solar developments to fill the power gap after the country closed its nuclear power plants following the 2011 Fukushima disaster.
The savage sell-off of US technology stocks broadened into a global market retreat on Tuesday, stoked by investor fears around trade tension, slowing economic growth and weak corporate earnings in the US, Asia and Europe. The Nasdaq Composite index ended a turbulent trading day down 1.7 per cent, nearly wiping out the last of its gains for the year. It fell 1.8 per cent.
Oil markets clawed back some ground on Wednesday after tumbling more than 6 percent the day previous day in heavy trading volumes. "It will take a fundamental catalyst for prices to stabilise and eventually trade higher," Goldman said in the note, adding that such a catalyst would include physical evidence that OPEC production is "sequentially" declining and further proof of demand resilience. "While both are unlikely, we are more concerned about the latter, with such a shift leading to sustainably lower prices," Goldman said.
(GS) Group stock has fallen below book value for the first time in more than two years and ranks as the worst-performing stock in the Dow Jones Industrial Average so far this year. The dual dubious distinctions have come as Goldman (ticker: GS) shares have continued their recent decline, falling 3.5%, or $6.86, to $191.36 amid a selloff for financial stocks on Tuesday. Goldman shares now are down 24.9% in 2018, the worst showing among the 30 members of the Dow industrials, Bloomberg data show.
Most stocks have been thoroughly shaken and stirred since early October, and a long-overdue corrective move finally took shape. Not even the bluest of the blue chips have been immune. The Dow Jones Industrial Average still is off its record high from a couple months ago, and several Dow stocks still are vulnerable to more selling. The initial shellshock has started to fade, however, the smoke is clearing and some stocks are recovering. Smart investors are now weighing the impact and searching for opportunities. Some Dow Jones stocks may have more downside to dish out, but a handful of these iconic names are looking oversold, undervalued and ripe for a rebound sooner than later. Remember: Corporate earnings have never been better, and consumer confidence is as high as it's been in years. Clearly something is going right. Here's a look at five Dow stocks that may have more ground to give up before they hit bottom, and two industrial-average components that may already be buys at current prices. But a note: Most of these "stocks to sell" are merely in short-term trouble. A sizable pullback from any of them could ultimately turn into a buying opportunity. SEE ALSO: 12 Vulnerable Stocks to Watch on Market-Wide Weakness
LONDON (Reuters) - Investment bank Goldman Sachs said on Tuesday that it expected emerging market shares, currencies and bonds to see a modest rebound next year. "We expect modest positive returns across the major EM indices next year, albeit with low risk-adjusted returns," analysts at Goldman said in a 2019 outlook report. They forecast that emerging market equities would see the biggest rise at 12 percent in dollar terms, while EM currencies should appreciate by around 2 percent on average due to economic improvements and a modestly weaker U.S. dollar. ...
U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and tech selloff spreads. Mark Lehmann, President of JMP Securities, joins The Final Round with his take on as stocks push weaker into the last month of trading.