Goldman Sachs Asset Management Announces Liquidation of Goldman Sachs Defensive Equity ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Should l Buy GS?
Source: Newsfilter
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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: 831.270
Low
604.00
Averages
951.45
High
1100
Current: 831.270
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.
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- Oil Price Decline Impact: Following President Trump's comments about U.S.-Iran negotiations, Brent crude futures fell around 6% to $98.31 per barrel, while West Texas Intermediate futures dropped approximately 5%, reflecting market reactions to geopolitical developments.
- Market Volatility and Rate Expectations: Goldman Sachs noted that the recent pullback in gold prices aligns with historical trends, driven by rising interest rate expectations and market volatility, which have particularly affected gold-backed ETF demand.
- Long-term Bullish Outlook: Despite the recent price correction, Goldman maintains a bullish outlook for gold, forecasting prices to reach $5,400 per ounce by year-end, supported by ongoing central bank purchases as countries seek safer asset diversification.
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- Target Price Increase: Goldman Sachs raised its target price for Venture Global from $15 to $18.50, indicating potential gains of over 11% for investors buying at current levels, showcasing analysts' confidence in the company's future profitability.
- Positive Market Outlook: Morgan Stanley is even more bullish, projecting a nearly 33% increase in Venture Global's stock price to $22, primarily driven by soaring natural gas prices, with analysts estimating that every $1 rise in gas prices could boost EBITDA by $625 million.
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- Negotiation Dynamics Shift: Trump indicated he had retracted threats to strike Iranian energy infrastructure based on negotiation progress, which could alter market expectations for future oil prices, despite Iran denying direct talks with the U.S.
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See More
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- Regulatory Shift: Following the 2007-2008 financial crisis, capital standards were tightened, but the Fed now believes the banking system is safer, indicating a willingness to recalibrate these standards, which reflects confidence in financial stability.
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See More
Gold Prices Rise as Oil Prices Decline Amid Middle East Negotiations
- Gold Price Increase: Spot gold prices rose by 2.56% to $4,588 per ounce, with futures also climbing over 4%, indicating a market response to easing inflation concerns.
- Oil Price Decline Impact: Following President Trump's comments about U.S.-Iran negotiations, Brent crude futures fell around 6% to $98.31 per barrel, while West Texas Intermediate futures dropped approximately 5%, reflecting market reactions to geopolitical developments.
- Market Volatility and Rate Expectations: Goldman Sachs noted that the recent pullback in gold prices aligns with historical trends, driven by rising interest rate expectations and market volatility, which have particularly affected gold-backed ETF demand.
- Long-term Bullish Outlook: Despite the recent price correction, Goldman maintains a bullish outlook for gold, forecasting prices to reach $5,400 per ounce by year-end, supported by ongoing central bank purchases as countries seek safer asset diversification.
See More
Goldman Sachs and Morgan Stanley Bullish on Venture Global
- Stock Price Surge: Venture Global (NYSE: VG) saw its shares rise over 5% on Tuesday as analysts rushed to raise their price targets, indicating strong market confidence in the company.
- Target Price Increase: Goldman Sachs raised its target price for Venture Global from $15 to $18.50, suggesting that investors buying at the current price of $16.60 could see potential gains of over 11%.
- Optimistic Market Outlook: Morgan Stanley is even more bullish, projecting a nearly 33% rise in Venture Global's shares to $22, primarily driven by surging natural gas prices.
- Significant Earnings Potential: Analysts estimate that every $1 increase in natural gas prices could boost Venture Global's EBITDA by as much as $625 million, highlighting its profitability in the current market environment.
See More
Analysts Raise Price Targets for Venture Global Amid LNG Demand Surge
- Stock Price Surge: Venture Global's shares rose over 5% on Tuesday, closing at $16.60, reflecting market optimism about its future performance, particularly amid surging demand for liquefied natural gas (LNG).
- Target Price Increase: Goldman Sachs raised its target price for Venture Global from $15 to $18.50, indicating potential gains of over 11% for investors buying at current levels, showcasing analysts' confidence in the company's future profitability.
- Positive Market Outlook: Morgan Stanley is even more bullish, projecting a nearly 33% increase in Venture Global's stock price to $22, primarily driven by soaring natural gas prices, with analysts estimating that every $1 rise in gas prices could boost EBITDA by $625 million.
- Urgent Energy Supply Needs: With rising natural gas prices due to Middle East conflicts, Venture Global, as one of the largest LNG exporters in the U.S., is well-positioned to meet the increasing demand for reliable energy supplies, further solidifying its market position.
See More
Oil Prices Drop Over 5% Amid U.S.-Iran Negotiations
- Significant Oil Price Drop: Oil prices fell over 5% after President Trump announced ongoing negotiations with Iran, with Brent crude futures declining nearly 6% to $98.31 per barrel and WTI down 5% to $87.65, reflecting market sensitivity to geopolitical risks.
- Negotiation Dynamics Shift: Trump indicated he had retracted threats to strike Iranian energy infrastructure based on negotiation progress, which could alter market expectations for future oil prices, despite Iran denying direct talks with the U.S.
- Supply Disruption Impact: Goldman Sachs highlighted that the current disruption in oil supplies represents the largest shock in decades, significantly affecting global supply shares and increasing market uncertainty, prompting investors to hedge against potential worst-case scenarios.
- Geopolitical Risk Premium: According to Goldman, short-term crude price movements are driven more by shifts in perceived worst-case probabilities rather than changes in the fundamental outlook, with expectations that flows through the Strait of Hormuz will normalize over a four-week period, further influencing oil price trends.
See More
Goldman Sachs Predicts LNG Market Disruption Through 2027
- Market Disruption: Goldman Sachs anticipates that the liquefied natural gas (LNG) market will remain disrupted through 2027 due to the U.S.-Iran war, with Qatar's LNG export capacity reduced by 17% from Iranian attacks, impacting about 3% of global LNG supply.
- Earnings Upgrade: Goldman raised Venture Global's EBITDA estimates for 2026 through 2028 by 62% on average, maintaining a buy rating with a price target of $18.50, indicating a 17% upside from Monday's close, reflecting the company's strong leverage to rising global gas prices.
- Investment Potential: Cheniere Energy is also favored by Goldman, receiving a buy rating and a price target of $312, suggesting nearly a 9% gain from Monday's close, as its capital allocation strategy positions it well for significant stock buybacks in Q3 and Q4 of 2025.
- Risk Factors: Despite the upward revisions in earnings estimates across the LNG sector, Goldman cautions that significant commodity price volatility and uncertainty in energy markets pose risks to the growth outlook for Venture Global, Cheniere Energy, and Golar LNG.
See More
Federal Reserve Proposes Easing Bank Capital Requirements
- Easing Capital Requirements: The Federal Reserve's proposal to lower tier 1 capital requirements by 4.8% for large banks, 5.2% for midsize banks, and 7.8% for smaller banks is expected to free up billions of dollars for profit generation, significantly enhancing financial flexibility for banks.
- Regulatory Shift: Following the 2007-2008 financial crisis, capital standards were tightened, but the Fed now believes the banking system is safer, indicating a willingness to recalibrate these standards, which reflects confidence in financial stability.
- Positive Market Reaction: Following the announcement of the new rules, bank stocks surged, with Morgan Stanley rising 2.4% and Goldman Sachs and Wells Fargo each gaining 1.4%, indicating strong market optimism regarding the potential for increased profitability in the banking sector.
- Optimistic Future Outlook: The relaxation of capital requirements will allow banks to allocate more funds for lending, share buybacks, and dividends, which is expected to enhance shareholder returns and drive stock prices higher, creating a positive feedback loop.
See More
