Hi friends,
It's time to cool off those engines as markets ran quite hot in the last week. The S&P 500's SPY ETF broke roughly 2 standard deviations from its moving average last week and reversed course towards the last couple of days:
Dow Jones 30: 30,814.26 (-0.91%, year-to-date: 0.68%)
S&P 500: 3,768.25 (-1.48%, year-to-date: 0.32%)
Nasdaq: 12,998.50 (-1.54%, year-to-date: 0.86%)
Buckle up; earnings are revving up again. Here's what's coming up this week:
BAC (19th Jan 2021)
CMA (19th Jan 2021)
GS (19th Jan 2021)
HAL (19th Jan 2021)
JBHT (19th Jan 2021)
NFLX (19th Jan 2021)
SCHW (19th Jan 2021)
STT (19th Jan 2021)
ZION (19th Jan 2021)
BK (20th Jan 2021)
CFG (20th Jan 2021)
DFS (20th Jan 2021)
FAST (20th Jan 2021)
KMI (20th Jan 2021)
MS (20th Jan 2021)
PG (20th Jan 2021)
UAL (20th Jan 2021)
UNH (20th Jan 2021)
USB (20th Jan 2021)
BKR (21st Jan 2021)
CSX (21st Jan 2021)
CTXS (21st Jan 2021)
FITB (21st Jan 2021)
IBM (21st Jan 2021)
INTC (21st Jan 2021)
ISRG (21st Jan 2021)
KEY (21st Jan 2021)
MTB (21st Jan 2021)
NTRS (21st Jan 2021)
PBCT (21st Jan 2021)
PPG (21st Jan 2021)
SIVB (21st Jan 2021)
STX (21st Jan 2021)
TFC (21st Jan 2021)
TRV (21st Jan 2021)
UNP (21st Jan 2021)
CCL (22nd Jan 2021)
HBAN (22nd Jan 2021)
KSU (22nd Jan 2021)
RF (22nd Jan 2021)
SLB (22nd Jan 2021)
The Goldman Sachs Group, Inc (GS)
Be mindful of corrections; especially since all major market indexes went on a slight correction the last week. Despite this, Goldman Sachs went on a tear the last week, looking at a situation where it may be overbought. It hit its all time closing high on Thursday of the past week. Seems like there's a big appetite for big banks.
Annual Top-Line Revenue:
2015: $8.45B
2016: $9.69B
2017: $13.11B
2018: $19.68B
2019: $21.74B
Last 4 Earnings Result:
Beat
Beat
Beat
Miss
Historical Stock Returns:
3-month: 45.14%
1-year: 20.29%
5-year: 91.04%
For a large, storied company to more than double its revenue in less than half a decade is no easy feat. Keep an eye on GS's earnings this coming week.
Who's in the same space as Goldman Sachs?
Big banks are essentially like the clash of the titans. They're up against Wells Fargo, HSBC, JP Morgan Chase, and Bank of America.
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- Call to Leap Team
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