Tag Archives: goldman sachs

JPMorgan’s chief U.S. equity strategist thinks that the S&P 500 could return to record highs by early next year if the U.S. policy of efficiently containing the coronavirus outbreak works and the government rapidly moves forward with fiscal stimulus.Last week was pretty damaging for the U.S. markets even though they had a day of positivity. However, they ended the week in the red. Just for reminder, U.S. stocks finished the session on Friday following predictions from Goldman Sachs on...

Michael Walkley from Canaccord Genuity lowers his Apple (AAPL) stock price target from $345 to $300. Also, he is reiterating the buy rating. Per Walkley, people dive in calculations regarding how coronavirus will impact the mobile phone market.The future of Apple Inc (NASDAQ: AAPL) stock is unclear, and the analyst claims ‘soft June’ as the period worth noting as impossible. Thanks to the Chinese location of Apple production plants, the company’s goals in March became more frugal in reach....

The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.The price of oil is easily the most talked about the news after the coronavirus pandemic. Oil, which has relatively maintained a significantly healthy price range for a while now, crashed terribly last week. Saudi Arabia deliberately cut down on the price of oil by 30% in response to Russia disagreeing to reduce its...

Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.The Dow Jones Industrial Average index was more than 1,200 points higher at the open on Friday amid market recovery from yesterday’s fall.The Dow Jones jumped 5.32% at the opening bell. Intel Corp (NASDAQ: INTC) was among the best performers, adding 9.16%. The...

Fear over the spread of the coronavirus tightened its grip on global stock markets. The indexes clearly reflect the situation. In the premarket Dow Futures lost over 600 points.The massive coronavirus-induced sell-off on Wall Street continued in premarket trade on Friday with the Dow Futures dropping over 600 points.Treasury yields continued to slide with the yield on the 10-year note falling below 1.20%. Meanwhile, oil prices declined for the sixth consecutive session.After losing nearly...

The global markets have been bleeding for the fourth straight day in a row after the U.S. Health officials warned against a possible coronavirus outbreak. In just four days the S&P 500 has crashed over 10% registering its fastest crash to date. Dow has lost 1000 points.Things are clearly not looking good for the global markets as threats of a global coronavirus outbreak intensifies. On Thursday, the Dow Jones dropped 4.5% over 1000 points dragging down several bluechip stocks as well!On...

Over the last few years, the giant stake in Apple (AAPL) stocks acquired by a prominent investor Warren Buffett has paid off significantly with more than 80% returns.Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is an investment behemoth with a great ability to select the right purchases. Regardless of the general volatility in most financial markets, Berkshire Hathaway has pulled in significant results from its investments over the last couple of years. Last year, Warren...

Berkshire Hathaway has added Kroger to its long list of investment stakes. Warren Buffett’s company has purchased nearly 19 million shares of the retail giant. BRK.B is up.Big business is almost always filled with investments and acquisitions. These investments are strategic by companies that believe the move will do wonders for their overall business. While the reason for the specific reasons might not always be known to the public, it is always interesting to see the choices. Another...

Citigroup and Goldman Sachs have performed the very first equity swap over the Ethereum blockchain.Citigroup and Goldman Reach a MilestoneSuch a swap involves one party making a payment to the other in exchange for a return asset. The process is undergoing a period of testing in which an additional 13 organizations will take part. The swap also ensures that each party to engage will have access to the same data, ensuring there are no issues across the board and lessening the chances for...

The Ethereum-alike blockchain network from Axoni is under development and usage among Goldman Sachs and Citigroup members. Two banks conducted the first equity swap on a new blockchain.This is a milestone in the development of corporate blockchains. Citigroup has already conducted transactions with Goldman Sachs via the secretive blockchain. The first deal occurred on January 28.The blockchain solutions company Axoni launches a distributed ledger network. It was founded in 2013, gathered...