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The stock market is off to a rough start in 2022. As I write this, the major averages are down sharply for the year and face numerous headwinds dominated by fears of widely anticipated Fed rate hikes.
Consider Some Goldman Sachs On The Dip
Summary
- Goldman Sachs recently sold off due to a turbulent market and an earnings report that did not measure up to some analyst expectations.
- However, the company's business is doing fine despite missing some overly optimistic analyst targets.
- If you believe in picking up quality stocks when they are on sale, Goldman Sachs looks like a good candidate with a 23% ROE and a fast-growing dividend.
James Bjorkman is currently a Senior Editor at Seeking Alpha after being a subscriber since 2012 and publishing his initial article in 2014. Educated at Brown University and NYU School of Law, James has a long history in real estate and investing, along with published articles in legal journals and other venues. He was intimately involved in online investing events during the dotcom era and has the scars to prove it. James lives in the Rockies and loves hiking and videography/photography. You may reach James at JamesB@seekingalpha.com.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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