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…..

gs-2-day-chart

Disclosure: Top Gun is short shares of Goldman Sachs (GS).

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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