GS ( BLOWOUT Earnings)
Summary
- Earnings way up.
- Trading market best in years.
- Cheap stock.
GS, MS and OPY all should have blow earnings this month, all stocks are very cheap in this crazy high market. But this group is the only group left that is still cheap, earnings are growing, markets are staying strong. OPY will keep buying back shares like crazy or be sold at $50 a share, P/E of 5 this year is a joke, MS the same just no takeout on this one.
GS and MS could be fully priced and insiders are starting to sell them.
So many banks not making money hence those stocks are at the lows but some banks also very cheap that are still making coin.
But the investment bank group is the cheapest it has ever been and with rates at these lows, deals will happen each month period and the IPO market is hot as ever.
Stay long for 25% more upside on OPY only or maybe 100%!
Sell or hedge GS and MS with a OPY long today!
Douglas Hughes
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