Tag Archives: Banking stocks

Banking, Stock Trading, US Stock Market

Bonus Trade: Buy Goldman Sachs (GS) for Target $169

Hi, here is a bonus trade for all our regular website visitors. Buy Goldman Sachs (GS) stock at current market price ($151.75) for $169 as target, and $144 as Stop Loss. This trade can give 11% gain, and its likely to play out in coming 3-4 weeks. Following are the trade details.
Date: 15 March 2016
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Buy at: 152
Target: 169
Stop: 144
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Above 169, the next reliable target is 180. Patient investors can also hold for 180, by booking some profit at 169. We have been actively tracking Goldman Sachs (GS) for over 15 years, since year 2000, and once every 2-3 years, there are some very good buying opportunities in Goldman Sachs (GS). The stock has lost about 35% of its value during its recent correction from $220 to $140.

Please Note: If for any reason, we see a larger correction in the S&P500 in the coming months, then financials will correct further. In such a case, if we get Goldman Sachs (GS) at $100, then it will be a top buy in the entire market, with a reliable upside target of $200 in the next 3 years.

Disclaimer: Alpha Stock Trading will not be responsible for any gains or losses that occur in your trading. Investors/Traders should take their own decisions.

Hong Kong Stocks, Indian Stock Market, US Stock Market

Stock Market Analysis – 12 March 2011

Market mood was negative on account of Japan Earthquake and ongoing unrest in Libya and middle east region and constant threat of spike in crude oil prices.

In the week closing 11 March 2011, the Indian stock Index S&P CNX Nifty traded in a tight range of 5560-5410. Nifty closed in red in three out of five trading days. Week-on-week basis, the Sensex was down by 312 points or -1.7%, to close at 18174.39 levels. The Nifty also closed in the red down by 93 points, or 1.7%, to close at 5445 for the week. Metals, Capital Goods and Banking stocks were the major losers, with heavy weights like Tata Steel, L&T, BHEL, State Bank faced selling pressure, where as Reliance Industries and Reliance Capital were the major gainers. Food inflation for the week ended Feb 26, 2011 was 9.52% (v/s 10.39% last week). IIP numbers were positive in India. In Feb 2011, exports were $23.6 bn (49.8% growth YoY) while imports were $31.7 bn (21.2% gr wth YoY). IIP nos for Jan 2011 came at 3.7% (street estimates: 2.7%) while the December IIP was revised from 1.6% to 2.5%. Continue reading Stock Market Analysis – 12 March 2011 →