Merrill Lynch Profit Warning Rumors Are Not True
It is unbelievable how the stock market had become as stocks are getting manipulated all the time by greedy brokers. When a good company releases bad earnings, stock goes down. When the same company releases good earnings but does not exceed expectations, stock goes down as well.
Today, Merrill Lynch went down more than 5% when [...]
Goldman Sachs $4.58 EPS Beats Estimates of $3.42
Goldman Sachs just reported its second quarter results this morning. The company earns $4.58 EPS which beats the concensus estimates of $3.42 by $1.16. In this volatile market and bad economy, Goldman Sachs still managed to have a strong quarter. With its wise investment strategies, Goldman Sachs is able to survive and thrive in this [...]
Tagged as: diversification, Earnings, goldman sachs, investment banks, managment, morgan stanley, volatile, writedownsMerrill, JPMorgan, Goldman Sachs
There were lots of bad news for the financial sector lately. Just few days ago, Lehman Brothers posted a quarterly loss of 2.6 billion. As a result, many stocks (especially financials) went down. Yesterday, Goldman Sachs spread rumours that there could be further writedowns when they report earnings next week, on June 17. Next week [...]
Tagged as: Earnings, financials, goldman sachs, jpmorgan, lehman brothers, market, merill, oversold, writedownsUS Economy Loses Ground
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatilityCoach, Polo Drop on Analyst Downgrades
Even though Goldman Sachs downgrades Coach, I still believe that Coach will do just fine in the next few months. The core business is still intact and sales are stable because women are continuously buying Coach bags.
Tagged as: analysts, coach, downgrades, estimates, goldman sachs, polo ralph lauren