Month: January 2020

No Picture
Trading Ideas

Goldman Sachs: These 3 S&P 500 Stocks Are Poised to Move Higher

January 7, 2020 admin Comments Off on Goldman Sachs: These 3 S&P 500 Stocks Are Poised to Move Higher

Investors are always on the lookout for a stock that primed to rise – and skill is measured by success. Goldman Sachs, the international investment bank, has achieved that success, by a combination of capital access, institutional savvy, and attracting the right people. The bank’s investment arm doesn’t just rely on current trends, they work to understand the markets and adjust strategies accordingly.To wit, the bank is using new data analysis methods to choose potentially winning stocks. G-S financial experts have begun looking at revenue projection adjustments as leading indicators, and testing those predictions against actual performance.The results have been …read more […]

No Picture
Trading Ideas

PayPal and Square Rally After Analysts Turn More Bullish

January 7, 2020 admin Comments Off on PayPal and Square Rally After Analysts Turn More Bullish

(Bloomberg) — Shares of PayPal Holdings Inc. and Square Inc. gained Tuesday after separate analysts boosted their ratings on the stocks.Square has a “favorable setup,” as sentiment on the company is mixed at the moment and it can beat expectations, BofA’s Jason Kupferberg wrote in a note raising his rating to buy from neutral.“Following significant underperformance in 2019, we see an attractive entry point,” Kupferberg said. He flagged “quarterly execution” and the company’s March 18 analyst day, its first since 2017, as potential catalysts, adding that Square’s 2020 revenue guidance “looks conservative.” Square rose as much as 3.7%, its biggest …read more […]

No Picture
Trading Ideas

UBS Is Latest to Puncture Banks’ Year-End Rally With Downgrades

January 7, 2020 admin Comments Off on UBS Is Latest to Puncture Banks’ Year-End Rally With Downgrades

(Bloomberg) — Shares of Bank of America Corp. and JPMorgan Chase & Co. fell pre-market Tuesday after UBS cut its ratings on the two stocks, piling on to Monday’s spate of big bank downgrades.UBS analysts led by Saul Martinez in a note urged “greater selectivity” in 2020. Martinez cited accelerating bank stock outperformance late last year, as concerns about lower interest rates eased. That was positive, he said, but “valuations now incorporate the persistence of historically elevated profitability levels.”The UBS downgrades follow downgraded investment ratings for bank stocks including JPMorgan, Citigroup Inc., and Morgan Stanley earlier this week. Several analysts …read more […]

No Picture
Trading Ideas

U.S. Gas Stations Rush to Adopt Chip Cards After Failed Bid to Delay Deadline

January 7, 2020 admin Comments Off on U.S. Gas Stations Rush to Adopt Chip Cards After Failed Bid to Delay Deadline

(Bloomberg) — Gas stations around the U.S. are rushing to upgrade fuel pumps to accept credit and debit cards with chips after Visa Inc. and Mastercard Inc. rejected a request to delay a looming deadline to complete the work.Beginning in October, station operators that haven’t modernized their pumps will face liability for any card fraud that happens at their businesses. The industry is “massively under-prepared,” said Joshua Smith, chief executive officer of Gas Pos, which sells point-of-sale systems.“There’s not enough technicians to do the installments,” Smith said. “There’s not enough inventory. Even if there were enough contractors, there’s not enough …read more […]