Goldman Sachs weekly uptrend opportunity based On 1.00 Lot Calculation:
U.S. INVESTMENT SERVICES INDUSTRY AND GOLDMAN SACHS PLACE IN IT:
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MARKET SIZE: The U.S. Investment Services Industry had revenue of $1.183 trillion the last 12 months, including revenue of $312 billion the most recent quarter. It is a highly competitive sector with over 125 companies.
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MARKET GROWTH POTENTIAL: The industry is expected to grow by 5.8% per year between now and 2027.
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MARKET SHARE: Goldman Sachs’ revenue the last 12 months was nearly $61 billion and accounted for 5.14% of the market.
Goldman Sachs (ANALYSIS AND EVENTS)
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THE COMPANY: Goldman Sachs is a global financial institution that services other financial institutions, governments, and individuals. Its range of Services include Investment Banking, Asset Management, Consumer and Wealth Management. Its Global Markets division provides execution services to its clients in addition to trading the firm’s own money. The New York based company was founded in 1869 and has offices in 35 countries.
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FUNDAMENTAL ANALYSIS: Goldman Sachs remains the dominant player in trading and banking. It is expected to get its compensation costs under control that hurt its earnings in the 1st Quarter.
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EVENT: Goldman Sachs will post its 2nd Quarter earnings report on July 18th, 2022. The company has exceeded the analysts’ consensus forecast for revenue and earnings 8 of the last 8 times, and 7 of the last 8 times, respectively. According to Bloomberg, current Wall St. estimates for Goldman Sachs’ 2nd Quarter are earnings of $8.88 per share and revenue of $11.955 billion.
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DOW JONES INDUSTRIAL AVERAGE: Goldman Sachs is part of the prestigious Dow Jones Industrial Average index of only 30 stocks, and is over 6% of the DJIA’s weight at the time of this writing. The DJIA is made up of the best bellwether stocks in the United States.
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ANALYST OPINION: Bloomberg reports the consensus target price for Goldman Sachs is $402.00. On July 7th, 2022, Societe Generale reiterated its price target of $455. JP Morgan set a price target of $394 on July 5th, 2022. Credit Suisse’s price target is $430, set on July 1st.
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UPSIDE POTENTIAL: Goldman Sachs stock traded at an all-time high of $423.85 on November 2nd, 2021. Goldman Sachs’ stock price would need to climb over 43% from its current level to recapture that all-time high.
(#GS), July 8, 2022
Current Price: 295.00
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Goldman Sachs |
Weekly |
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Trend direction |
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400.00 |
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|
365.00 |
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|
330.00 |
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|
275.00 |
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|
255.00 |
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|
240.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
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Goldman Sachs |
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Pivot Points |
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Profit or loss in $ |
105,000.00 |
70,000.00 |
35,000.00 |
-20,000.00 |
-40,000.00 |
-55,000.00 |
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Profit or loss in €2 |
103,845.24 |
69,230.16 |
34,615.08 |
-19,780.05 |
-39,560.09 |
-54,395.13 |
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Profit or loss in £2 |
87,978.75 |
58,652.50 |
29,326.25 |
-16,757.86 |
-33,515.71 |
-46,084.11 |
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Profit or loss in C$2 |
136,587.15 |
91,058.10 |
45,529.05 |
-26,016.60 |
-52,033.20 |
-71,545.65 |
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1.00 lot is equivalent of 1000 units
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Calculations for exchange rate used as of 09:50 (GMT+1) 08/07/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested.
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Trailing stop technique can protect the profit – Ask your Client Manager for more details.