Goldman Sachs

 

I will be keeping an eye on earnings announcements from Goldman Sachs and Morgan Stanley this week. It should give insight into just how bad things are for financial companies. Goldman currently trades at around $68 and Morgan Stanley at $14. Goldman is expected to report its first quarterly loss in 70 years. Analysts think that losses may be high as $5 a share. If earnings are worse than expected there will be a major sell off of financial stocks which may represent a buying opportunity.

Speak Your Mind

*