BlackRock Files for Nasdaq 100 ETF to Challenge Invesco
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
- BlackRock ETF Filing: BlackRock filed a preliminary prospectus on Monday for an ETF tracking the Nasdaq 100 Index, expected to trade under the IQQ ticker, positioning itself to compete with Invesco's dominance in the ETF market, thereby enhancing its influence in asset management.
- UPS Severance Agreement: United Parcel Service slipped 0.34% premarket after agreeing with the International Brotherhood of Teamsters to cap severance packages at 7,500 drivers nationwide, reflecting the company's strategic response to union pressures amid operational challenges.
- Petrobras Investigation: Petrobras fell 0.78% in premarket trading as Brazil's ANP launched an inspection into the company's LPG auctions over price gouging suspicions, indicating regulatory risks that could impact the company's operations and reputation.
- Goldman Sachs Credit Fund Stability: Goldman Sachs edged up 0.10% premarket, reporting that its private credit fund had redemption requests below the standard 5% cap in Q1, showcasing relative stability among peers and potentially attracting more investor interest.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GS
Wall Street analysts forecast GS stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 864.150
Low
604.00
Averages
951.45
High
1100
Current: 864.150
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Goldman Sachs Set to Report Q1 Earnings Amid Bullish Sentiment
- Optimistic Earnings Outlook: Goldman Sachs is set to report its Q1 earnings before the market opens on April 13, with a bullish sentiment reflected in a 4.2% stock price increase to $900.69, as investors respond positively to easing geopolitical tensions.
- Strong Stock Performance: The stock has gained in six of the last seven trading sessions and is poised to close above its 60-day moving average for the first time since February, with a 94.8% increase over the past 12 months, indicating robust market performance despite a modest year-to-date gain.
- Post-Earnings Reaction Potential: Goldman has settled higher after six of its last eight earnings reports, including a 4.4% rise in January, and the options market is pricing in a 5.8% move, significantly higher than the 2.6% average over the past two years, suggesting strong expectations for the upcoming report.
- Analyst Rating Upside: Among the 26 analysts covering Goldman, 17 have a “hold” or worse rating, indicating potential for upgrades and price target hikes, with the current 12-month consensus target price at $934.54, only a 3.8% premium to the current stock levels.
See More
U.S.-Iran Tensions Ease, Market Rally Follows
- Market Rally: Following President Trump's announcement to suspend attacks on Iran, the Dow Jones Industrial Average surged 2.85%, the S&P 500 rose 2.51%, and the Nasdaq jumped 2.8%, reflecting investor optimism about market stabilization.
- Interest Rate Expectations: With a sharp decline in the 10-year treasury yield, the market anticipates lower interest rates, which are crucial for reviving the housing market, particularly benefiting companies like Home Depot that thrive in low-rate environments.
- Strong Performance from Leaders: Stocks such as Sherwin-Williams, Caterpillar, Home Depot, and Goldman Sachs led the rally, indicating investor confidence in these companies and suggesting expectations for economic recovery.
- Weakness in Oil Stocks: Despite the overall market rebound, oil companies like Chevron and Diamondback faced significant pressure, highlighting investor concerns over Middle Eastern supply disruptions and the ongoing uncertainty in the sector.
See More
OpenAI Plans to Reserve Shares for Retail Investors in IPO
- IPO Outlook: CFO Sarah Friar announced that OpenAI will reserve a portion of shares for retail investors during its IPO, emphasizing the importance of public participation to enhance consumer trust and broaden its investor base.
- Enterprise Revenue Growth: Currently, enterprise accounts for 40% of OpenAI's revenue and is projected to reach parity with consumer revenue by the end of 2026, which will further drive overall revenue growth and market competitiveness.
- Successful Fundraising: In its recent funding round, OpenAI raised $3 billion through private placements with banks like JP Morgan, Morgan Stanley, and Goldman Sachs, tripling its initial target, reflecting strong market confidence in its business model.
- Investment in Compute Power: OpenAI plans to invest $600 billion over the next five years in semiconductors and data centers to enhance its computing capabilities, viewed as a key asset for gaining competitive advantage, expected to drive revenue and cash flow growth.
See More
Market Rises on Iran Truce News
- Market Index Surge: Major market indexes like the Dow Jones Industrial Average rose by 2.36%, the Nasdaq Composite by 2.33%, and the S&P 500 by 2.07%, reflecting investor optimism due to a two-week truce in the Iran conflict, which has reduced geopolitical risks.
- Tech Stocks Lead Gains: Alphabet and Meta Platforms saw increases of 4% and 8%, respectively, driving market gains, although Meta's stock is down 6% year-to-date, indicating mixed investor sentiment despite excitement over its new large language model.
- Dow's Unique Performance: The Dow's rise was primarily fueled by high-priced stocks like Goldman Sachs and Caterpillar, which gained 3.77% and 6.14%, respectively, highlighting the strength of financial and industrial giants amid decreasing geopolitical uncertainty.
- Ongoing Market Risks: While the 17% drop in the VIX suggests market optimism, Vice President JD Vance cautions that the ceasefire remains fragile and shipping in the Strait of Hormuz is still limited, urging investors to remain vigilant and avoid excessive optimism.
See More
Trump Pauses Attacks on Iran, Stock Market Surges
- Market Surge: Stocks surged after President Trump announced a two-week pause on attacks against Iran, with the S&P 500 and Nasdaq rising 2.15% and 2.6%, respectively, reflecting investor optimism about market stability.
- Importance of Diversification: Investors recognized the importance of diversification as previously underperforming stocks like Home Depot rose over 5%, indicating a potential economic recovery as borrowing costs are expected to decrease.
- Strong Bank Performance: Goldman Sachs and Wells Fargo saw gains of 3.6% and 3.4%, respectively, while Capital One's shares increased by 5.3%, despite being down 22% year-to-date, suggesting a gradual restoration of confidence in the banking sector.
- Rapid Trade Alerts: Cramer highlighted stocks such as Levi Strauss, Delta Air Lines, and Apple at the end of the video, emphasizing the need for investors to stay informed about key trading alerts to seize market opportunities promptly.
See More
Three Top Dividend Stocks with Growth Potential for the Next Decade
- Brookfield Asset Management: Brookfield Asset Management (BAM) focuses on high-demand sectors, targeting revenue growth of 15% to 20% over the next decade while committing 90% of earnings to dividends, with a current yield of 4.13%, showcasing strong cash flow and stable dividend capacity.
- Equinix's Growth Potential: Although Equinix (EQIX) has a current dividend yield of only 2%, its average annual dividend growth rate of 11% over the past decade indicates strong market demand and profitability in the cloud computing and data center sectors, with projected revenue growth of about 10% this year.
- Constellation Energy's Nuclear Advantage: Constellation Energy (CEG) generates over 80% of its power from 21 nuclear reactors, positioning it to meet the increasing electricity demand as global nuclear power generation is expected to grow by 50% by 2050, despite a low current yield of 0.58%.
- Investor Confidence and Market Opportunities: The unique strengths and growth potential of these three companies attract investor interest, particularly against the backdrop of surging demand for artificial intelligence data centers, which is expected to drive both stock prices and dividends higher.
See More
Goldman Sachs Set to Report Q1 Earnings Amid Bullish Sentiment
- Optimistic Earnings Outlook: Goldman Sachs is set to report its Q1 earnings before the market opens on April 13, with a bullish sentiment reflected in a 4.2% stock price increase to $900.69, as investors respond positively to easing geopolitical tensions.
- Strong Stock Performance: The stock has gained in six of the last seven trading sessions and is poised to close above its 60-day moving average for the first time since February, with a 94.8% increase over the past 12 months, indicating robust market performance despite a modest year-to-date gain.
- Post-Earnings Reaction Potential: Goldman has settled higher after six of its last eight earnings reports, including a 4.4% rise in January, and the options market is pricing in a 5.8% move, significantly higher than the 2.6% average over the past two years, suggesting strong expectations for the upcoming report.
- Analyst Rating Upside: Among the 26 analysts covering Goldman, 17 have a “hold” or worse rating, indicating potential for upgrades and price target hikes, with the current 12-month consensus target price at $934.54, only a 3.8% premium to the current stock levels.
See More
U.S.-Iran Tensions Ease, Market Rally Follows
- Market Rally: Following President Trump's announcement to suspend attacks on Iran, the Dow Jones Industrial Average surged 2.85%, the S&P 500 rose 2.51%, and the Nasdaq jumped 2.8%, reflecting investor optimism about market stabilization.
- Interest Rate Expectations: With a sharp decline in the 10-year treasury yield, the market anticipates lower interest rates, which are crucial for reviving the housing market, particularly benefiting companies like Home Depot that thrive in low-rate environments.
- Strong Performance from Leaders: Stocks such as Sherwin-Williams, Caterpillar, Home Depot, and Goldman Sachs led the rally, indicating investor confidence in these companies and suggesting expectations for economic recovery.
- Weakness in Oil Stocks: Despite the overall market rebound, oil companies like Chevron and Diamondback faced significant pressure, highlighting investor concerns over Middle Eastern supply disruptions and the ongoing uncertainty in the sector.
See More
OpenAI Plans to Reserve Shares for Retail Investors in IPO
- IPO Outlook: CFO Sarah Friar announced that OpenAI will reserve a portion of shares for retail investors during its IPO, emphasizing the importance of public participation to enhance consumer trust and broaden its investor base.
- Enterprise Revenue Growth: Currently, enterprise accounts for 40% of OpenAI's revenue and is projected to reach parity with consumer revenue by the end of 2026, which will further drive overall revenue growth and market competitiveness.
- Successful Fundraising: In its recent funding round, OpenAI raised $3 billion through private placements with banks like JP Morgan, Morgan Stanley, and Goldman Sachs, tripling its initial target, reflecting strong market confidence in its business model.
- Investment in Compute Power: OpenAI plans to invest $600 billion over the next five years in semiconductors and data centers to enhance its computing capabilities, viewed as a key asset for gaining competitive advantage, expected to drive revenue and cash flow growth.
See More
Market Rises on Iran Truce News
- Market Index Surge: Major market indexes like the Dow Jones Industrial Average rose by 2.36%, the Nasdaq Composite by 2.33%, and the S&P 500 by 2.07%, reflecting investor optimism due to a two-week truce in the Iran conflict, which has reduced geopolitical risks.
- Tech Stocks Lead Gains: Alphabet and Meta Platforms saw increases of 4% and 8%, respectively, driving market gains, although Meta's stock is down 6% year-to-date, indicating mixed investor sentiment despite excitement over its new large language model.
- Dow's Unique Performance: The Dow's rise was primarily fueled by high-priced stocks like Goldman Sachs and Caterpillar, which gained 3.77% and 6.14%, respectively, highlighting the strength of financial and industrial giants amid decreasing geopolitical uncertainty.
- Ongoing Market Risks: While the 17% drop in the VIX suggests market optimism, Vice President JD Vance cautions that the ceasefire remains fragile and shipping in the Strait of Hormuz is still limited, urging investors to remain vigilant and avoid excessive optimism.
See More
Trump Pauses Attacks on Iran, Stock Market Surges
- Market Surge: Stocks surged after President Trump announced a two-week pause on attacks against Iran, with the S&P 500 and Nasdaq rising 2.15% and 2.6%, respectively, reflecting investor optimism about market stability.
- Importance of Diversification: Investors recognized the importance of diversification as previously underperforming stocks like Home Depot rose over 5%, indicating a potential economic recovery as borrowing costs are expected to decrease.
- Strong Bank Performance: Goldman Sachs and Wells Fargo saw gains of 3.6% and 3.4%, respectively, while Capital One's shares increased by 5.3%, despite being down 22% year-to-date, suggesting a gradual restoration of confidence in the banking sector.
- Rapid Trade Alerts: Cramer highlighted stocks such as Levi Strauss, Delta Air Lines, and Apple at the end of the video, emphasizing the need for investors to stay informed about key trading alerts to seize market opportunities promptly.
See More
Three Top Dividend Stocks with Growth Potential for the Next Decade
- Brookfield Asset Management: Brookfield Asset Management (BAM) focuses on high-demand sectors, targeting revenue growth of 15% to 20% over the next decade while committing 90% of earnings to dividends, with a current yield of 4.13%, showcasing strong cash flow and stable dividend capacity.
- Equinix's Growth Potential: Although Equinix (EQIX) has a current dividend yield of only 2%, its average annual dividend growth rate of 11% over the past decade indicates strong market demand and profitability in the cloud computing and data center sectors, with projected revenue growth of about 10% this year.
- Constellation Energy's Nuclear Advantage: Constellation Energy (CEG) generates over 80% of its power from 21 nuclear reactors, positioning it to meet the increasing electricity demand as global nuclear power generation is expected to grow by 50% by 2050, despite a low current yield of 0.58%.
- Investor Confidence and Market Opportunities: The unique strengths and growth potential of these three companies attract investor interest, particularly against the backdrop of surging demand for artificial intelligence data centers, which is expected to drive both stock prices and dividends higher.
See More
