Goldman Sachs' Stephan Feldgoise on M&A landscape: One of the highest $10B+ transaction years YTD
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Bloomberg
3 hours ago
- Bloomberg
Goldman's Asset Arm Says Emerging Markets Catching Only ‘First Wave' of Flows
Emerging markets are set for further gains as renewed appetite for diversification and light positioning bolster the case for the asset class, which has been marred by years of outflows, according to Goldman Sachs Group Inc. 's asset-management division. 'The flow tide is turning — and we believe EM is catching the first wave,' said Anupam Damani, co-head of emerging-market debt at Goldman Sachs Asset Management. 'After years of being sidelined by US-centric risk taking, diversification is quietly reclaiming its place in global portfolios.'
Yahoo
11 hours ago
- Yahoo
The latest meme stock mania is being driven by a historic short-squeeze that raises the risk of a downturn, Goldman warns
The boom in meme stocks is being driven by a historic short-squeeze, Goldman says. A basket of stocks with the highest short interest is up 60% in three months, the bank said. The stock market often posts outsize gains after a burst of speculation, but this can raise the risk of a downturn. Bullish exuberance among retail traders drove a new meme stock rally this week. According to Goldman Sachs, it's just the latest episode in "one of the sharpest short squeezes on record." And while it's got room to run, it also raises the risk of a downturn, the bank said. Analysts said this week's rally in meme stocks, which saw companies like Opendoor, Kohl's, and other so-called DORKs surge, is part of a historic short-squeeze that recalls similarly bullish moments like 2000 and 2021. The bank said that heavily shorted stocks beloved by retail traders have trounced the broader market in the last few months. A basket of stocks popular with the retail crowd and another basket that tracks the most-shorted stocks have been up 50% and 60%, respectively, since April, compared to 28% for the broader S&P 500. Goldman Sachs' Speculative Trading Indicator — a gauge for how much trading activity is attributed to unprofitable stocks, penny stocks, or stocks with high valuations — spiked to its highest level since around 2021. Despite the frothiness, it's actually good news for near-term returns. When the gauge shows a sharp increase over a three-month period, stocks have typically outperformed for the following twelve months. However, the bank warned that the music eventually stops, and such wild bursts of euphoric trading actually raise the risk of a decline. "The recent rise in speculative trading activity signals near-term upside risk for the broad equity market but also increases the risk of an eventual downturn," the analysts wrote. The meme stock rally this week has fanned concern among other market forecasters, though many say the broader market still appears healthy. Michael Brown, a senior research strategist at Pepperstone, told Business Insider that stocks are still being propped up by a resilient US economy, strong corporate earnings, and optimism over President Donald Trump's trade deals, though sentiment was approaching extreme levels. Art Hogan, the chief market strategist at B. Riley Wealth Management, said he didn't believe meme stocks were a symptom of a larger valuation problem in the market, calling the latest rally "more noise than it is a signal." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
Is HPE the Next Big AI Stock? Goldman Sachs Weighs In
Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the On July 23, Goldman Sachs analyst Michael Ng reinstated coverage on the stock with a 'Neutral' rating and a price target of $22. The rating follows HPE's acquisition of Juniper Networks. According to the firm, HPE's expanded portfolio has allowed it to sustain its position as second-best in enterprise/campus networking while becoming a stronger competitor in the data center segment. Even though the firm maintains a positive outlook toward the company's networking business, it maintains a Neutral stance on the stock due to ongoing challenges in the Server and Hybrid Cloud divisions. A financial analyst standing in front of a screen with the ratings of the company provided by the NRSRO. The bank anticipates HPE's earnings per share at $1.80 for fiscal 2025, $2.23 for fiscal 2026, and $2.42 for fiscal 2027. Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads. While we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
