Analysts lifted their price targets on Corning Inc. post Q4 results. Barclays analyst Tim Long raised the price target on Corning to $52 from $47 (26 percent upside) and reiterated an Overweight rating on the shares. The company’s results and guidance were above expectations, with continued strength in optical and outperformance in life sciences and Hemlock boosting results. JPMorgan analyst…
Goldman Sachs Says Bull Market Intact, Stock Selloff Not Yet In ‘Danger Zone’
Goldman Sachs said in a note that recent stock battering is likely a correction within an ongoing secular bull cycle and that the depth of selloff has not yet plumbed the bear market “danger zone.” “While it has not reached danger zone levels that typically precede a bear market (a fall of at least 20…
Here’s Why Goldman Sachs Sees 12 Percent Downside in Apple
Goldman Sachs analyst Rod Hall reiterated his Neutral rating and $142 price target on Apple Inc. shares heading into earnings. The price target implies a downside of 12 percent. Hall notes company’s iPhone business should see positive results with upside risk to his December numbers. However, retail sales data and Chinese CAICT data suggest slower momentum in the month…
TrueCar Stock Gains as Goldman Sachs Takes Stake
Goldman Sachs Group Inc. has taken a 6.3 percent stake in TrueCar Inc., regulatory filing shows. Founded in 2005, TrueCar is an automotive digital marketplace that enables auto buyers to connect to its nationwide network of Certified Dealers. Santa Monica, California-based TrueCar powers auto-buying programs for more than 250 brands. The company offers the purchasing process…
China, Goldman Sachs, and Genocide Denial
January 24, 2022
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AnalysisBusiness & EconomyBusiness ColumnistsChinaChina Human RightsgenocideGoldman SachsOpinionThinking About ChinaUyhgursViewpoints
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News Analysis Goldman Sachs, one of the world’s most successful banks, has apparently found legal loopholes so its clients can secretly fund genocide denial. It’s despicable, but the big bucks in Manhattan high-rises don’t come free of guilt. There’s blood on those white shoe firms. As Uyghurs see their population dwindle in China through concentration…
Marketmind: Goldman Sachs Adds Another Layer of Stress
A look at the day ahead from Julien Ponthus. For all the turmoil across financial markets yesterday, the Nasdaq creeping dangerously near correction territory and closing below a key 200-day moving average probably came as the least surprising feature for investors. After all, dumping expensive tech and growth stocks when bond yields rise as the…
Retail Investors Show Signs of Fatigue After Last Year’s Trading Frenzy: Report
Retail investors were less enthusiastic about buying the dip in U.S. stocks on Tuesday, the latest sign of a possible fatigue after last year’s tech-fueled trading frenzy, Vanda Research analysts said in a weekly note. Individual investors bought $1.6 billion in stocks on Tuesday when U.S. shares sold off sharply after weak results from Goldman…
Higher Employee Wages Denting Profits of Major US Banks
January 19, 2022
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Business & EconomyBusinesses in COVID-19CompanieseconomyGoldman SachsinflationJPMorgan ChaseUSUS minimum wageUS Newswage increase
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Major U.S. banks are seeing operating expenses rise as employee wages, along with bonuses and compensations, go up in a tight Omicron-tainted labor market where companies struggle to hire and retain workers. Investment bank Goldman Sachs was forced to increase compensation and benefits to hold on to their staff, leading to a 23 percent surge…
GM Launches New Credit Card With Goldman Sachs
NEW YORK—General Motors Co. on Monday launched a credit card with Goldman Sachs Group Inc. and revamped its rewards program to let customers earn more points to put toward buying or leasing Buicks, Cadillacs, and other GM cars, the automaker, and bank said in a joint statement. Issued by Mastercard Inc. through Goldman Sachs, the…
Goldman Sachs Extends Return-to-Office Plans for Employees to Jan. 18
Goldman Sachs Group Inc. has changed its return-to-office plans for employees and is now asking eligible U.S. staff to work from home until Jan. 18. Goldman’s offices will continue to remain open with previously announced COVID-19 safety protocols which include a vaccine and booster requirement for eligible persons, bi-weekly testing, and mandatory masks, according to a company…
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