Giant Investment bank GS delivered a robust set of numbers last month, but the stock does appear to be “getting heavy” as it approaches the $US550 area:
- Goldman Sachs topped estimates for third-quarter profit and revenue, which was helped by trading revenue, delivering an impressive 18% beat.
- We like GS back around the $US450-460 area, which may not unfold, but we must watch the risk/reward profile.
MM is cautiously bullish toward GS
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