Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "John Marshall"


25 mentions found


Investors looking to bet on another rally for major tech stocks should take a look at some options trades that are curiously cheap, according to Goldman Sachs. The "Magnificent Seven" was the key to the stock market rally last year, but the group has splintered a bit in recent months. For example, investors have had a hard time betting on Tesla , which is down nearly 30% in 2024. "We see the potential for more volatility over the next two months than is priced into TSLA options. The strategy works by picking a strike price, typically above the current stock price, and expiration date.
Persons: Goldman Sachs, John Marshall, Elon Musk's, Goldman, Michael Ng Organizations: Tesla, Apple, Worldwide
Nvidia has been the biggest story of Wall Street's rally to record highs, but the options market appears to be underestimating the impact of its earnings report Wednesday, according to Goldman Sachs. "NVDA options suggest investors expect this earnings report to be unusually important; NVDA options imply a +/-11.9% earnings-day move vs. its 4-quarter historical earnings-day move of +/-10.8%. The importance of this earnings report is easy to see given NVDA options volume has been 36% of all single stock options volumes over the past three months," the note said. The S & P 500 is a market cap-weighted index, meaning that Nvidia has taken on extra importance over the past two years. The options market has underpriced S & P 500 moves following the previous four Nvidia reports as well, according to Goldman.
Persons: Wall, Goldman Sachs, John Marshall, Marshall, Goldman, — CNBC's Michael Bloom Organizations: Nvidia, Traders
As first quarter earnings season rolls on, analysts are upping their forecasts on a collection of names set to report next week. According to FactSet data, analysts have upwardly revised their earnings estimates by more than 18% over the past three months. Analysts polled by FactSet have increased their earnings forecasts by nearly 18% over the past three months, and now expect earnings of 66 cents per share. GE YTD mountain GE Aerospace stock. GE Aerospace started trading on Wall Street earlier in April, after General Electric completed a split into three components compromised of GE Vernova, GE Healthcare and GE Aerospace.
Persons: Meta, Justin Post, Goldman Sachs, John Marshall lauding, Noah Poponak, Rowe Price Organizations: Netflix, Express, CNBC, Meta, Facebook, Messenger, Bank of America, GE Aerospace, FactSet, GE, Wall, General Electric, GE Vernova, GE Healthcare, Seagate Technology
Goldman's top trades for earnings
  + stars: | 2024-04-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman's top trades for earningsJohn Marshall, Goldman Sachs head of derivatives research, joins 'Money Movers' to discuss the top idea from Goldman's list of top tactical trades, the cruise lines Goldman favors, and much more.
Persons: John Marshall, Goldman Sachs, Goldman
Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows. If that's the case, it would mark the third consecutive quarter of earnings growth. The reporting period could also be a good time for tactical opportunities in the stock market. The bank also expects these names to see sharp moves after posting earnings, based on what the options market shows. The options market implies a 4.1% move for Nasdaq on after the April 25 report is released.
Persons: Goldman Sachs, John Marshall, Goldman, Lizzie Dove, Per Goldman, Toshiya Hari Organizations: JPMorgan Chase, Citigroup, Royal Caribbean Cruises, Nasdaq, Semiconductor, Broadcom Locations: Wells, China, Asia
Read previewGoldman Sachs analysts kicked off the new month and quarter by revealing their favorite investing ideas. AdvertisementHow to successfully select stocksThe directors' cut list consists of 20 to 25 stocks beloved by Goldman's research analysts. But a promising outlook alone isn't enough to make the directors' cut list. Kron and company also look for stocks that Goldman Sachs analysts are more bullish about than their peers are. AdvertisementBelow are the 22 companies on the "directors' cut" version of Goldman Sachs' US conviction stock list.
Persons: , Goldman Sachs, Steven Kron, Kron, Chris Hussey, John Marshall, Stocks Organizations: Service, Business, Goldman, Citigroup, Royal Caribbean Cruises, TPG, Blue Owl, TE, Chevron
April sees about 10% of all preannouncements for a given year on average, according to Goldman Sachs. Given that earnings announcements can cause stock volatility, whether they are scheduled or not, this could create an opportunity for options traders to capitalize. CNX, a natural gas company, has announced preliminary results in April four times since 2011, according to Goldman, while Delta has done so three times. The stock has since erased that drop, but the sharp one-day move likely created some winners among options traders. Health care is a sector that sees a higher-than-average number of preannouncements, according to Goldman, which could bode well for traders interested in HCA.
Persons: Goldman Sachs, John Marshall, Goldman, bode Organizations: Delta Air Lines, HCA Holdings, Fidelity National Information Services Locations: Delta, DAL
John Marshall of Goldman's derivatives research team said in a Feb. 22 note that investors can use options to position for a reversal in the momentum trade. Goldman's approach to hedging momentum is two-pronged: buying put options on high momentum stocks, and buying call options on "anti-momentum" stocks. "If a true momentum reversal were to occur, we see the potential to profit on both sides of the trade," Marshall wrote. Goldman has a sell rating on SkyWest and a neutral rating on Palantir. On the other leg of the trade, Goldman identified stocks with buy ratings from its analysts that have fallen over the past 12 months.
Persons: Goldman Sachs, John Marshall, Marshall, Goldman Organizations: Nvidia, Goldman, SkyWest, Pfizer
Those options could be relatively cheap right now for some of the more vulnerable stocks, according to Goldman. "During normal market environments, the options market prices options efficiently based on trailing realized volatility. Our long-term studies have shown that Free Cash Flow is the most important fundamental metric to watch when estimating downside asymmetry," Marshall said in the note. To identify put option candidates, Goldman found stocks trading above the firm's price targets and low or negative free cash flow. That company reported a net loss of $116.6 million in 2023 , with free cash flow of just $7.9 million.
Persons: John Marshall, Goldman Sachs, Goldman, Marshall, — CNBC's Michael Bloom Organizations: Southwest Airlines, LUV, Tech, Intel, Southwest
Stephen I. Vladeck Courtesy of University of Texas School of LawThat mantra was ringing in my head as I reviewed the code of conduct voluntarily adopted by the Supreme Court on Monday, the first such formal code to govern the justices. In adopting these rules, the Supreme Court didn’t address that issue at all. Congress controls when and where the court sits; until 1935, the court sat in the Capitol — a powerful reminder of which branch was beholden to which. But it’s the least-worst alternative to a problem that the Constitution necessarily creates: how to have an independent Supreme Court that is nevertheless at least loosely accountable to the political branches. Accountability and independence aren’t mutually exclusive — something the justices are tacitly conceding by agreeing for the first time to formally adopt a code of conduct.
Persons: Stephen I, Charles Alan Wright, Robert Jackson, Clarence Thomas, Samuel Alito, they’ll, , , John Marshall, it’s, I’ve, couldn’t, aren’t, ” isn’t, shouldn’t, Ronald Reagan Organizations: University of Texas School of Law, CNN, Supreme, Soviet, University of Texas School of, Judicial Conference, United, Congress, Capitol, Democratic, Republicans Locations: United States
12 Arizona at its famously hostile arena on Friday night — the kind of marquee matchup that's getting trickier for coaches to schedule with lengthy conference slates, NCAA Tournament bids and even coaches' job security on the line. “I know you always hear people, fans of college basketball saying, ‘We need this.’ It's hard, it's really hard. It's become big business.”The game at Cameron Indoor Stadium opens a home-and-home series, with the Blue Devils visiting Tucson in 2024. By the time Duke returns the trip next year, Arizona will have left the Pac-12 for the Big 12. He won an NCAA title as a Duke player in 2010 and an assistant in 2015 and worked under Coach K for nine seasons.
Persons: — Jon Scheyer, Tommy Lloyd, Lloyd, ” Lloyd, , Duke, there's, Scheyer, “ Tommy, It'll, it'll, , , ” Scheyer, of Famer Mike Krzyzewski, Mark Few’s, John Marshall, ___ Organizations: Duke, Cameron, Blue Devils, CBS, North, UCLA, Ohio State, Atlantic Coast Conference, Michigan State, ACC, SEC, of Famer, Arizona, NCAA Locations: DURHAM, N.C, Arizona, Tucson, North Carolina, Kansas, Kentucky, Hill, Lexington, that's, Arkansas
The firm recommends buying call options into the individual companies' reports in what it calls its top "tactical" trades for earnings. "Option implied earnings day moves are elevated suggesting investors are nervous regarding upcoming earnings reports," Goldman analyst John Marshall wrote Thursday. Investors are contending with several headwinds that are making them uneasy into earnings results. Cenovus stock has ticked up more than 6% from the start of the year. The firm says call options for the December term with a $470 strike are the play ahead of Nvidia's results.
Persons: Goldman Sachs, Goldman, John Marshall Organizations: Goldman, Cenovus Energy, Energy, FedEx, Nvidia Locations: Israel, Cenovus
Goldman Sachs expects the stock market is about to get even bumpier from here — and recommends ways for investors to capitalize on the turbulence. "We expect volatility to increase over next few weeks," John Marshall, head of derivatives research at the firm, wrote Monday. While the CBOE Volatility Index, or VIX, a popular measure of volatility, is down about 35% in 2023, the Wall Street firm expects that a deteriorating macroeconomic backdrop and seasonal volatility will drive it up. The CBOE Volatility Index was last hovering around 14. "Buy CBOE Volatility Index (VIX) Oct monthly expiry $15 calls to hedge potential rise in volatility," the firm's Arun Prakash wrote in a Thursday note.
Persons: Goldman Sachs, John Marshall, Marshall, Arun Prakash, Prakash, CNBC's Michael Bloom
Some mosquitoes are actually helpfulThe first problem to tackle here is the word “all.” There are more than 3,000 recognized mosquito species worldwide. Healy, who is also president of the American Mosquito Control Association, offered Louisiana, which is home to many swamps where mosquitoes thrive, as an example. “Disease-transmitting mosquito species, such as Aedes aegypti and Aedes albopictus, are invasive species in many parts of the world. As for the Anopheles mosquitoes, which transmit malaria, things are a little different. … We are constantly educating mosquito control workers to follow these practices.
Persons: birdsong, We’ve, , Kristen Healy, Healy, we’d, Laura Harrington, Culex, Aedes, ” John Marshall, ” Marshall, ” Healy, Soumyabrata Roy, NurPhoto, it’s, Harrington, Wolbachia, ” Harrington, Stefan Sauer, “ We’ve Organizations: CNN, US Centers for Disease Control, Entomology, Louisiana State University, American Mosquito Control Association, Cornell University, University of California, Getty Locations: , West Nile, Louisiana, West, Berkeley
Options trading may seem tricky, but Goldman Sachs has found a simple, profitable strategy. That options strategy is called overwriting. However, only one strategy has beaten the market for the last 18 years. This was a particularly effective strategy for stocks in the information technology and the consumer staples sectors. To that end, Marshall searched for stocks that have both a market cap within the top two-thirds of Goldman Sachs' stock coverage universe, as well as implied volatility in the top two-thirds of all the stocks Goldman Sachs analysts cover.
Persons: Goldman Sachs, John Marshall, Marshall, outperforming Organizations: Sharpe, Goldman
Investors who have to pick between bulls and bears now have a way to profit from winners and losers. Goldman Sachs has found 30 stock market outperformers and underperformers to invest in with options. This simple options investing strategy finds the best and worst stocks and uses puts and calls. It's been a weird year for investors, who have found themselves torn between calls for recession and market exuberance. But analysts at Goldman Sachs, led by John Marshall, head of derivatives research, have found an ingenious solution.
Persons: Goldman Sachs, It's, John Marshall, Marshall, Sharpe Locations: Wall
Goldman Sachs created an options investing strategy that has outperformed the S&P 500 for 27 years. Analysts at Goldman Sachs break down the 20 stocks that investors can use this strategy with now. Market-beating options trading strategyIn essence, this profitable options strategy boils down to one simple concept: overwriting. "Over the past 27 years, buy-write strategies have outperformed the total return of the S&P 500 on a risk-adjusted basis," Marshall wrote. So, Marshall screened for stocks in the top two-thirds of Goldman Sachs' stock coverage universe, as well as stocks with implied volatility in the top two-thirds.
Persons: Goldman Sachs, John Marshall, Marshall, Sharpe, outperforming Organizations: Goldman
John Marshall of Goldman Sachs thinks a straddle options strategy is the perfect way to capitalize. "This spread between the realized moves and implied moves is currently at +0.1%, the highest in a decade considering a like-for-like universe of stocks." While a 0.1% difference may seem small, it's a window of opportunity for investors utilizing the right options strategy. To that end, Marshall and his team compiled a list of 10 stocks they think are ripe for an options straddle strategy ahead of earnings. Those stocks are below, as well as their tickers, earnings dates, implied and historical earnings day moves, the difference between the two, and the at-the-money straddle pricing Marshall is targeting.
Persons: Stocks, John Marshall, Goldman Sachs, Marshall Organizations: Evercore ISI, Goldman, Marshall
The necessary and proper clause gives Congress broad authority to decide on what it needs to carry out its enumerated powers. “Congress has duties to perform and powers to execute,” Chief Justice John Marshall wrote in his opinion for the court in McCulloch v. Maryland in 1819. As far as the Constitution is concerned, Congress cannot only shape that jurisdiction (“with such Exceptions”) but also set the terms by which the court exercises its appellate authority (“under such Regulations”). Congress could, to use one example, require justices to recuse themselves in any appellate proceeding in which they have a conflict of interest. As it stands, however, the kinds of ethics rules that are on the table — or should be — fall squarely within congressional authority to shape, regulate and even discipline the Supreme Court.
Persons: John Marshall, Sheldon Whitehouse Organizations: McCulloch, . Maryland, Party, Constitution, Supreme Locations: ., Rhode
"We estimate that this Friday will be the largest July-options-expiration on record driven by continued growth in index and ETF options volumes. The other major change is a special rebalance of the Nasdaq 100 Index , which takes effect at the start of trading on Monday. The Nasdaq 100 rebalance will dilute the impact of the largest stocks in the index. The changes could force index funds and other investment products benchmarked to the Nasdaq 100 to adjust their holdings. The Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100, manages more than $200 billion in assets.
Persons: Goldman Sachs, John Marshall, — CNBC's Michael Bloom Organizations: New York Stock Exchange, Goldman, Nasdaq, Big Tech, Microsoft, Nvidia, Broadcom Locations: New York City, U.S
Goldman Sachs says there's rarely been a better time to buy options over the last 27 years. In a recent note, analysts at the bank shared 21 ETFs to buy call options on. There's rarely been a better time over the past quarter century to buy stock options, according to Goldman Sachs. We've compiled their 21 ETF call option suggestions below, all of which the analysts believe have substantial upside potential. Goldman's list of ETF call-option suggestions is shown below, in ascending order of implied returns based on the bank's price targets.
Persons: Goldman Sachs, there's, There's, John Marshall, Goldman, We've, Marshall Organizations: NASDAQ Biotechnology
Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. The firm compiled a list of stocks Goldman labels as "out-of-consensus opportunities" for put and call options ahead of each company's quarterly earnings report date. Goldman sees 3% upside to earnings consensus for the current quarter and 4% upside for the next four quarters. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months. Ahead of upcoming results, Goldman recommends buying call options for a $37.50 strike price, expiring in August.
Persons: Goldman Sachs, it's, John Marshall, Goldman, Toshiya Hari, NVDA, Kate McShane, BBWI, Eric Sheridan, — CNBC's Michael Bloom Organizations: Goldman, CNBC Pro, Nvidia, Body, eBay, EBAY
If nothing else, the Supreme Court’s decision in Students for Fair Admissions v. Harvard is a victory for the conservative vision of the so-called colorblind Constitution — a Constitution that does not see or recognize race in any capacity, for any reason. As Chief Justice John Roberts wrote in his opinion for the court, “Eliminating racial discrimination means eliminating all of it.” Or as Justice Clarence Thomas put it in his concurrence, “Under our Constitution, race is irrelevant.”The language of colorblindness that Roberts and Thomas use to make their argument comes directly from Justice John Marshall Harlan’s lonely dissent in Plessy v. Ferguson, the decision that upheld Jim Crow segregation. Our Constitution is colorblind, and neither knows nor tolerates classes among citizens,” wrote Harlan, who would have struck down a Louisiana law establishing “equal but separate” accommodations on passenger railways. But there’s more to Harlan’s dissent than his most frequently cited words would lead you to believe. It’s not that segregation was wrong but that, in Harlan’s view, it was unnecessary.
Persons: John Roberts, Clarence Thomas, , Roberts, Thomas, John Marshall Harlan’s, Plessy, Ferguson, Jim Crow, , Harlan, It’s Organizations: Harvard Locations: Louisiana
Sotomayor and Thomas are both the likely beneficiaries of affirmative action. A student at Harvard University at a rally in support of keeping affirmative action policies outside the Supreme Court on October 31, 2022. A young boy at the University of California, Berkeley in 1995 as students and families protested to keep affirmative action policies. In a statement following the ruling, former president Barack Obama wrote, "Like any policy, affirmative action wasn't perfect. Roberts accused the colleges' affirmative action programs of "employ[ing] race in a negative manner" without any "meaningful end points."
Persons: Sotomayor, , Clarence Thomas, Thomas, Sonia Sotomayor, colorblindness, Colorblindness, Howard Schultz, Tomi Lahren, Plessy, Ferguson, John Marshall Harlan, Antonin Scalia, Justice Roberts, Harlan's, David Butow, Roberts, Barack Obama, Michelle, haven't, Evelyn Hockstein, Michelle Obama, Katherine Phillips, Phillips Organizations: Supreme, Service, Harvard University, University of North, Latina, Yale Law School, Starbucks, Washington Post, Getty, Black, Seattle School District, University of California, Harvard, UCLA, UC, REUTERS, Princeton, Scientific, Columbia Business Locations: Berkeley, University of North Carolina, California, Idaho
Retail investors have "rage sold" out of the stock market after a difficult 18-month stretch for equities. The massive unwind comes after retail investors piled into stocks, fueling a pandemic trading boom. "We estimate retail investors have now sold more than twice what they acquired during the pandemic," Goldman Sachs said. In other words, retail investors have "rage sold out of the stock market," Fundstrat's Tom Lee said, referring to the data. According to Lee, that sets the stock market up for more upside because few investors are positioned for a continued rally.
Total: 25