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Posted
Oct 14 2009, 11:10 AM
by
Louis Navellier
Rating:
Money Blog: Top Stocks Blog - MSN Money
Banking giant Goldman Sachs (GS) is set to report earnings on Thursday and I, for one, am expecting an impressive blow-out.
As a behemoth on Wall Street, GS has managed to stay successful in both good times and bad. Shares are up nearly 100% over the past five years, while the Dow Jones Financial Services index fell 11% in the same time period. The future is bright for Goldman as well, with a five-year expected growth rate of 12.5%. Presently, Goldman Sachs is close to a 52-week high and closing in on the $200 per share mark. Over the past 30 days, more than half of covering analysts raised their third-quarter profit forecasts. Last quarter, the company beat expectations by $1.41.
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Posted
Oct 13 2009, 08:05 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Wasn't there some controversy over Wall Street bonuses recently? You wouldn't know it by looking at Goldman Sachs (GS), whose bonuses this year look to be the highest in its history.
Analysts estimate that Goldman's annual bonus pool has hit a record $23 billion -- and that's only through the third quarter, according to The New York Times. That's twice as much as the company awarded in 2008. And in an attempt to quash the inevitable criticism of its excess, Goldman is reportedly considering making a huge donation to charity. Perhaps in the ballpark of $1 billion. A nice gesture, but it won't make the bonus issue go away. And will shareholders be happy with Goldman donating that kind of cash?
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Posted
Oct 06 2009, 01:48 PM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Megan Barnett This week has seen yet another round in the battle between Goldman Sachs (GS) and the Rest of the World. See also, Goldman Sachs Lightning Bolt Sparks Rally. On Monday, Goldman Sachs analysts Richard Ramsden and Brian Foran upgraded their outlook for big banks from neutral to attractive. The news sent shares of JPMorgan (JPM), Bank of America (BAC), and Wells Fargo (WFC) sharply higher. And yes, even Goldman Sachs shareholders benefited from the news, as its shares jumped nearly 4%.
The upgrade baffled many banking analysts and it came against a backdrop of negative opinions. And these aren't just slightly bearish views -- they're downright scary outlooks that suggest some of the worst still lies ahead for banks and the rest of the economy. Here's a sampling:
Meredith Whitney, the analyst who made her name as a banking bear at the start of the credit crisis, penned an op-ed for the Wall Street Journal last week in which she predicted that small businesses will become the next victims of the crisis since their access to credit is being denied by banks and other lenders. She believes “we are only in the early stages of the second half of this credit cycle."
George Soros reiterated his gloom for a roomful of global financial policy wonks in Istanbul yesterday, saying that the US economic recovery will be extremely slow thanks to the “basically bankrupt” banking system at its core.
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Posted
Oct 05 2009, 08:23 AM
by
Jim Van Meerten
Rating:
Money Blog: Top Stocks Blog - MSN Money
Over the weekend, McClatchy Newspapers had two powerful articles entitled "Help with mortgages is difficult to come by" and "Some firms with spotty pasts get tax dollars." The articles expose how firms like Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS) -- firms who were bailed out from the brink of bankruptcy by TARP with billions of taxpayer dollars -- are now abusing mortgage borrowers who are in trouble. The Treasury is doing little, if anything to monitor the situation.
In one case, Ronnie Fruia was about to lose his home when he, his mother and son were all hospitalized. He was recovering from a stroke and couldn't talk, but CitiFinancial sent someone to his hospital room to sign modification papers that didn't even cut his interest rate. State regulators had to step in to get his rate changed from 11.5% to a reasonable 5%.
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Posted
Sep 28 2009, 10:02 AM
by
InvestorPlace
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article was written by InvestorPlace's Jim Woods.
Quick quiz: When is a bargain not a bargain?
Of course, you know the answer: When it ends up costing you more money in the long run.
Such is the case with a lot of so-called bargain stocks. But the flip side can also be true. High-priced stocks -- those with share prices in the three, four, five, even six-digit range -- can be real bargains, because the companies are worth every penny, and even more importantly, they have potential to see even bigger gains ahead.
Bing: More on Bargain Stocks
Here are five of my favorite "expensive stocks" that are currently selling at bargain prices.
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Posted
Sep 17 2009, 08:59 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
This doesn't look good for Goldman Sachs (GS). It hired away a former staffer in the House Financial Services Committee and turned him into a lobbyist working directly with that committee. Smart move. Unfortunately, Rep. Barney Frank has banned that lobbyist from communicating with any committee members or staff for another year (the lobbyist got a one-year banishment in September of 2008). The committee is considering a huge list of financial reform suggestions -- and some of them would have a direct effect on Goldman, Reuters reports.
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Posted
Sep 17 2009, 11:57 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Andrew Jeffery
Federal Reserve Chairman Ben Bernanke may have kept his job for another four years, but that doesn’t mean it’s going to be any easier than the last four.
With pundits, politicians, and regulators sounding the trumpets that our latest bout with recession is likely behind us, central banks and Treasury Departments around the world are looking forward at the daunting task of removing the various forms of stimulus -- which, in the estimation of former Merrill Lynch economist David Rosenberg, have contributed 100% of global economic growth this year. See "Staying Neutral on Inflation vs. Deflation."
European Central Bank Chief Jean-Claude Trichet even took out space in the Financial Times to lay out his vision for the eventual withdrawal of “enhanced credit support,” which helped prop up local, and indeed global, financial markets.
Here at home, Bernanke’s much maligned predecessor, Alan Greenspan, is voicing concern that Congress could complicate the Fed’s already delicate task of keeping the economy grinding ahead without waking the sleeping giant of inflation.
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Posted
Sep 14 2009, 04:00 PM
by
AllStarPortfolio
Money Blog: Top Stocks Blog - MSN Money
This is my maiden voyage into the world of stock analysis and I thought why not play it safe and write about the best buy in the world. Navios Maritime is a shipping company and probably one of the most conservatively managed shippers of the publicly traded companies. Shipping rates measured by the Baltic Dry Index (BDI) are down 65% yoy when the S&P 500 is down 25%. Much of the world is now becoming industrialized as the economies of Brazil, India, Russia, and China are growing and stabilizing and will continue to over the next decade or so, which will increase the consumption of half of the world population. This will increase shipping rates back to rates we have seen in 2008 in the coming years. http://caps.fool.com/player/allstarportfolio.aspx In the meantime, Navios Maritime has charter-out coverage on 99% of their vessel voyages for the rest of 2009. This is by far the highest rate in the industry and thus they have "locked-in" profits for 2009. They are chartered to make $0.67 per
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Posted
Sep 01 2009, 03:51 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Vanity Fair has announced its “New Establishment 100″ list for 2009, basing selections on wealth, influence, and philanthropy, as well as such intangibles as vision and "X factor.”
Topping the list is Goldman Sachs (GS) chief executive Lloyd Blankfein. Apparently, the big pay packages that he and his top executives get are not enough to erode his power in the business community. Blankfein was in the No. 2 spot a year ago.
Second on the list is Steve Jobs, chief executive of Apple (AAPL). He should arguably be at the top. He is clearly the most influential and powerful chief executive in America, taking a role that Jack Welch of General Electric (GE) once had.
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Posted
Aug 27 2009, 09:57 AM
by
Kim Peterson
Money Blog: Top Stocks Blog - MSN Money
Earlier this week, news emerged that Goldman Sachs (GS) was giving extra stock tips to a small group of preferred customers. These tips came straight from the internal "trading huddles" that the firm's analysts attend. After the huddles end, several dozen special (read: rich) customers get called and filled in. For everyone else, well, there's always the published reports that may come out days later, and may not have the same insight. The news of this preferential treatment -- first reported by The Wall Street Journal -- is not sitting well with regulators. It's not that all customers have to be treated equally. No business does that. The question is more of whether Goldman actually hurts some clients by not providing all the information they need. Bing: More on Goldman's trading huddles
The chief financial regulator of Massachussetts has subpoenaed Goldman and wants to know more about the trading huddles,
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