-- Goldman Sachs is getting clobbered on earnings, but there's still a reasonable long setup on the dip. Here's where. -- By Bret Kenwell , Unfortunately for investors in Goldman Sachs (GS), the stock is continuing the pattern we've seen with a few of its peers when they started reporting earnings last week. Like JPMorgan (JPM) did last week when it pulled back on earnings, Goldman Sachs is down too. It's lower by more than 7% on Tuesday. JPMorgan missed on revenue estimates, which is what hit the stock hard. Goldman Sachs beat analysts' revenue expectations, but missed on earnings estimates. Revenue rose 7.7% year over year, fueled by investment banking revenue, which rose 45% from last year to $3.8 billion. The concern here now becomes the financial sector as a whole. As of just a couple of days ago, energy stocks and financial stocks were leading the way… more

And Just Like That...

/ January 18, 2022 6:53 PM

No, it's not the next chapter of the Sex and the City reboot now called And Just Like That. Rather, just like that, after Tuesday's drubbing the stock market is either hanging by a thread, or over the cliff already. It's something we mentioned on Sunday's Weekly Market Outlook… the prospect that both the S&P 500 as well as the... more

The market snapped back from Friday's intraday loss to close the bulk of last week's setback, although it still closed a tad in the red for the five-day stretch. Good thing too, since any further losses would have pulled the indices under major technical support. Nevertheless, the market remains within striking distance of its key floors; one or two more... more

— JPMorgan will report earnings before the open on Friday. With financials trading well, bulls are hopeful for new highs. Here are the levels to know. — By Bret Kenwell, Delta Air Lines (DAL) unofficially kicked off earnings season by reporting before the open. Those shares are up on the day and investors are hoping it's the start of... more

— AMD stock was on fire in 2021, but cooled off coming into 2022. Let's look at Monday's dip, which appears to be a buying opportunity. — By Bret Kenwell, Shares of Advanced Micro Devices (AMD) finally felt the pinch and have been selling off. Including today, shares are down in four of the past five sessions, with its... more

With nothing more than a passing glance it would be easy to look past Monday's market action and simply plan on checking back in on Tuesday. The NASDAQ Composite essentially broke even, and though the S&P 500 and the Dow logged measurable losses, neither made major breakdowns in terms of closing prices. If you take a few extra moments to... more

Despite its decent start, the first trading week ended up not being a very encouraging one. All the major indices lost ground, and more than a little of it. The NASDAQ Composite now stands nearly 4.4% its 2021 closing price, and is knocking on the door of a fairly significant support level. One more rough day could break that floor,... more