SPY: Ignore The Noise And Buy The Dip [Seeking Alpha]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Seeking Alpha
My optimism is backed by strong earnings from the largest American financial institutions, which reflect the overall health of corporate America. The market may appear slightly overvalued based on P/E, but comparing current ratios to historical averages is likely unfair due to the potential long-term economic value from the AI revolution. Introduction The SPDR S&P 500 ETF Trust ( NYSEARCA: SPY SP500 ) has tumbled in recent days after the March CPI data release , which was hotter than expected. The dip looks logical given the fact that the Fed is likely to consider inflation data to be the most important factor in respect of the next interest rate steps. The market expects at least three rate cuts in 2024, and hotter inflation might mean that the Fed will not start rate cuts soon. On the other hand, I see a few potentially strong catalysts for the stock market. That said, I do not share the market's recent pessimism and assign SPY a "Strong Buy" rating. Fundamental analysis
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GS
Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 5/1/24 - Form 424B2
- 5/1/24 - Form 424B2
- 5/1/24 - Form 424B2
- GS's page on the SEC website