Don't Be Fooled by Goldman Sachs' (NYSE: GS) Earnings Beat
Goldman Sachs (NYSE: GS) stock rose 1.22% yesterday (Wednesday) to $178.75, ahead of today's Q4 earnings release.
Analysts project EPS of $4.21 on revenue of $7.71 billion. Those figures are down from last year, when GS reported EPS of $5.60 on revenue of $9.24 billion.
The bank is scheduled to report earnings at 7:30 A.M. EST and will follow up with a conference call at 9:30 A.M.
GS stock has performed well lately, up 10% in the last three months and 29% in the last year.To continue reading, please click here...
Stock Market Today Slumps on Sluggish Service Industry
Stock Market Today, Jan. 6, 2014: U.S. stocks, including all three major indices, closed in the red today as growth in the service industries was weaker than expected, adding to the heavy start to 2014 trading.
U.S. services sector shrank last month, with an index of 53.0, down from 53.9 in November and below expectations for 54.8. But, in a more positive economic indicator, factory orders rose 1.8% in November from a year prior, the U.S. Commerce Department reported.
In response, the Dow Jones Industrial Average today closed down 0.27% at 16,425, while the Standard & Poor's 500 was down 0.24% at 1,827 and the Nasdaq Composite Index is off 0.36% at 4,118.
In addition to today's economics reports, retail stocks are likely also weighed by the headline-grabbing cold weather, which investors expect to hurt January's retail sales.To continue reading, please click here...
How to Find the Best Small-Cap "Sparks" (in 90 Seconds or Less)
Today I'm going to show you how to find the best-performing small-cap stocks of 2014.
Employing the approach in 2013 helped spot some huge winners…
Puma Biotechnology, for example, jumped 452.2% in 2013, on a series of positive results and news related to its various clinical trials programs – a classic disruptive technology.
Tesla Motors is another great example. The luxury electric automaker trounced earnings estimates way back in the first quarter of 2013, which led to analyst upgrades… and, of course, a 344.1% gain for shareholders.
And then there was Netflix, which gained 279.6% after the company crushed fourth-quarter 2012 earnings, proving the company had righted its ship.
All very different businesses and industries, but one thing in common: sparks. They come in different shapes and sizes, but they all do the same thing: make you a lot of money.
This year's first batch of gains can come quickly, too. Plug Power (PLUG) generated a spark on Jan. 2, confirming it had met fourth-quarter 2012 order targets. Shares jumped 34% that following morning… and were up another 35% by the next afternoon.
And here's the thing: Sparks are easy to find, too. No need to study ambiguous chart patterns, watch 24 hours of business news channels, or pore over valuations.All it takes is five simple steps...
Stock Market News Today: 2014 Starts in the Red
Stock Market News Today, Jan. 2, 2014: U.S. stocks are kicking off the New Year on a heavy note in today's trading, with the Dow shedding more than 100 points as investors absorb fairly positive reports on jobless claims and U.S. manufacturing.
Initial jobless claims fell 2,000 to 339,000 last week, which is close to analyst expectations of a small increase for that week.To continue reading, please click here...
Stock Market News Today: Gains Continue After Record Highs
Stock Market News Today, Dec. 27: U.S. stocks are yet again forging higher in this post-Christmas holiday. As of 10:30 a.m., the Dow Jones Industrial Average is up 22.5 points, or 0.14%, at 16,502.38. The Standard & Poor's 500 Index is up just 1.89 points, or 0.10%, at 1,843.91. The Nasdaq is up 2.70, or 0.06%, at 4,169.88.To continue reading, please click here...
Stock Market News Today: Indexes Climb Ahead of FOMC Meeting
Stock market news today, Dec. 16: U.S. stocks jumped today ahead of an announcement by the FOMC Wednesday.To continue reading, please click here...
General Motors (NYSE: GM) Bailout Leaves Taxpayers with $10.5 Billion Loss
Monday, the U.S. Treasury Department sold off its remaining shares in General Motors (NYSE: GM), closing a chapter of the auto industry bailout with a cringe-worthy $10.5 billion loss of taxpayer dollars.
The federal government spent $49.5 billion to save the doomed auto-making giant in 2008. It took on about 912 million GM shares (a 60% stake) in exchange for cash.To continue reading, pleae click here
Volcker Rule Means "Sleepless Nights Ahead for Bankers"
After two years of review and lengthy revisions, all five regulatory agencies unanimously passed the controversial Volcker Rule on Tuesday.
The 953-page new version of the Volcker Rule imposes a strict ban on proprietary trading (when banks use their own funds to make trades). In effect, it bans banks from trading for their own gain. Included in the revised version is new wording targeting the sort of risk taking that was responsible for last year's $6 billion trading loss at JPMorgan.To continue reading, please click here...
Why These Wall Street Criminals Will Never Be in Jail
Today's Washington will never bring charges against Wall Street criminals – criminal charges, that is.
Five years have passed since the peak of the subprime financial crisis, in which the nation's largest banks formulated sloppy loans that taxpayers ended up paying for. Wall Street's greed cost the United States nearly 9 million jobs (6% of the workforce), a 30% fall in housing prices, and a 50% dip in the stock market.
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How the Masters of the Financial Universe Use Derivatives for Fun and Profit
Jon Stewart just did a very funny piece on "The Daily Show" about a new derivatives dust-up that Bloomberg News broke.
Earlier this year, a big Wall Street firm bought a credit default swap on debt that a private company owed to a third party. So the firm was set up to make money if that company missed any payments.In fact, this "game" has gotten even more dangerous...