Goldman Sachs Is Hot
July 13, 2009 at 8:28 am · Category: Market Commentary, Stocks
Ahead of their earnings report before the open tomorrow, Goldman Sachs (GS) is hot. The stock is up 5% after a front page New York Times article (“For Goldman, a Swift Return to Lofty Profits”, The New York Times, July 13, A1) said Goldman will report lofty profits of more than $2 billion. Meredith Whitney also upgraded Goldman shares to buy.
This move appears to be driving the entire market…..
Disclosure: Top Gun is short shares of Goldman Sachs (GS).
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