Citigroup Inc. (NYSE:C) Upgraded By Goldman Sachs

By Tim - http://stockstobuy.org

Shares of Citigroup Inc (NYSE:C) have been added to the conviction buy list at Goldman Sachs. Citigroup Inc stock is trading up $0.10 to $4.21 in early trading. Citigroup will have resistance located at $4.30 but then nothing major until $4.55-$4.70. Citigroup remains a solid long term buy below $4.00.

Citigroup has a current price target at Goldman located at $5.50.

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Goldman Sachs Group Inc Stocks Analysis - Watch $157

By Tim - http://stockstobuy.org

The following is stock technical analysis on Goldman Sachs Group Inc. (GS) for April 19, 2010

Goldman Sachs Group Inc. (GS) Support & Resistance Levels - 4/19/10

Resistance Levels: $168, $170, $176, $187

Support Levels: $160, $157, $155.50

Chart - http://www.stockcharts.com/

Shares of Goldman Sachs Group Inc. failed at $187-$190 resistance on Friday and then got crushed as the SEC charged the company with fraud. Goldman Sachs Group Inc now has support at $160, but if $160 fails and the stock breaks back down through $157, I think you have to move to the sidelines. On the upside, there will be resistance located at $168-$170. Earnings are due out before the open on Tuesday which are expected to be very strong!

For more Technical Analysis - Go Here

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Goldman Sachs Group Inc GS Stock Analysis

The following is technical analysis on Goldman Sachs Group Inc. (GS) for October 15, 2009

Goldman Sachs Group Inc. (GS) Support & Resistance Levels - 10/15/09

Resistance Levels - $201.42, $210

Support Levels - $187, $173.21

Chart - http://stockcharts.com

Discuss Stocks - http://stockstobuy.org

Goldman Sachs Group Inc. (GS) will be releasing earnings Thursday morning. GS is expected to post around $4.25 in EPS.

As for a the technicals, the stock is getting close to a major resistance level which hasn't seen seen since May 2008. I am watching $201.42 closely. If GS closes above this level, it could set up a move to $220-$240 by the end of the year. I would then want to keep a stop loss order at $195.On the downside, I like pullbacks to the 50 day moving average located at $173.21. For More Technical Analysis - Go Here

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Meredith Whitney CNBC 7/13/09 July 13 2009

Meredith Whitney was on CNBC this morning ( July 13, 2009 ) and gave her comments on the current financial crisis and why she upgraded Goldman Sachs Group Inc. (GS).

Earnings Season

It's all different...For Goldman Sachs, its a bearish call but a bullish call on the stock. The next few years GS will make a lot of money on debt market securities. They will report a monster quarter tomorrow and I upped the price target to $186 per share.

Things aren't improving for the banks but their net tangible book value is improving so you don't want to be shorting some of these banks going into earnings.

Bank of America Corporation ( BAC ) is the cheapest as far as the tangible book value is concerned. You could see a 15% move higher in value in these shares.

I think in some of these financials, you could see a 15% move, then a flat lined period followed by another leg down.

JPMorgan Chase & Co. (JPM) - JP Morgan will do well with investment banking, JPM earnings will be a great preview to Bank of America's earnings report.

Bank of America ( BAC ) - Will have a monster mortgage quarter. BAC is one the the cheapest banks out there.

Citigroup Inc (C:NYSE) - What matters with Citigroup is the dilation, not many people are focused on Citigroup stock this quarter.

Unemployment: Unemployment could be 13% by 2010-2011.....i'm not ready to go 14% just yet....this is what happens when we buy time but don't restructure the banks, economy. This is a scary situation!

Bank Stress Test: As for the bank stress test, it WAS NOT so stressful!


View all of Meredith Whitney's comments right here.

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Stock Market April 14, 2009 4/14/09

We are half way through the day on April 13, 2009. The Stock Market has been red all day partly due to profit taking from last week. Wall Street does not seem to like the General Motors ( GM ) bankruptcy news as it becomes more evident this will be the likely path. Shares of General Motors are trading at $1.70, down 16%. Shares of Ford ( F ) aren't budging today, flat at $4.24.

The financials are red hot for the 2nd straight day due to the Wells Fargo earnings news out last Thursday. For a brief moment today, shares of the Financial Bull 3x ( FAS ) ETF were worth more then shares of the Financial Bear 3x ( FAZ ). Since closing over the 50 day moving average, FAS has been on fire!

Watching: Agfeed Industries ( FEED ) - Huge breakout on heavy volume Monday. If you can recall, FEED reported outstanding earnings last quarter! I have my own personal price target of $5-$7 by 2010.

Stock Market April 14, 2009

Earnings Reports due out in the morning:

Goldman Sachs GS 4/14 8am 1.10EPS

Johnson & Johnson JNJ 4/14 8am 1.22EPS

W.W. Grainger GWW 4/14 8am 1.08EPS

Fastenal FAST 4/14 8am .34EPS

As the above earnings releases start to trickle in, we will then be hit with some economics data.

PPI, Core PPI at 8:30am
Retail Sales at 8:30am
Business Inventories at 10:00am

We then have a few earnings reports due out after the bell.

CSX Corp CSX 4/14 4pm .57EPS

Intel INTC 4/14 4pm .02EPS

I will post my stocks to watch list later today, Right Here

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Meredith Whitney CNBC 3/10/09 March 10, 2009

Meredith Whitney was on cnbc this afternoon( March 10, 2009 ) and gave her comments on the current financial crisis.

- Credit Cards will be the next credit crunch
- At least 2 trillion of credit card lines to be cut by 2010
- Bank credit card portfolios will not be profitable in 2009, might even lose money

Would you be buying the bank stocks right now?

- Goldman Sachs ( GS ) in the $70's yes, $100's no
- There is a trade here, but a trade alone...I think you could probably make money getting long some of these stocks. We will have to see what they do as far a mark to market in April.

Citigroup ( C ) - they don't make money in any of their businesses - you see Citi up 28% today but its only $0.28 cents. I am skeptical of these relief rallies.
Citi will be forced to sell their crown jewels

Mark to Market accounting

The damage is already done....if the market comes back, they don't get the benefit to write their assets back up. Mark to market doesn't really matter right now.

TALF - Is TALF going to be enough? They are trying to entice the private sector to come back into the market, private capital has to have sweet terms to get back into the stock market.

With these bank stocks - you could see them go up on earnings in the first quarter because of a head fake on the mortgage moratorium.

View all of Meredith Whitney's comments right here.

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Bank Stocks 2/20/09 February 20, 2009

Today, 2/20/09, the bank stocks are getting hit hard once again as the stock market plunges to new lows today. Meredith Whitney said on CNBC yesterday that she would still sell Citi at $2.50. It appears that Wall Street is pricing in nationalization.

Banking Stock Update - February 20th, 2009 - Pre Market

Citigroup C - $2.32 Down 7.52%
Bank of America BAC - $3.60 Down 8.4%
Wells Fargo WFC - $11.21 Down 6.66%
Goldman Sachs GS - $83.75 Down 2%
Morgan Stanley MS - $19.34 Down 1.90%
JP Morgan JPM - $19.81 Down 3.83%
Financial Bear 3X FAZ - $77.40 Up 10.50%

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Bank Stocks 2/19/09 February 19, 2009

Today, 2/19/09, the bank stocks are getting hit hard once again as the stock market rises today. In Pre Market, these bank stocks were higher but have since fallen at the open. The investment banks and brokerage firms are looking higher.

Banking Stock Update - February 19th, 2009

Citigroup C - $2.80 Down 3.78%
Bank of America BAC - $4.25 Down 7%
Wells Fargo WFC - $12.92 Down 1%

Goldman Sachs GS - $88.19 Up 4.19%
Morgan Stanley MS - $21.00 Up 4.00%
JP Morgan JPM - $21.93 Up 1.93%

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Bank Stocks 2/18/09 February 18, 2009

Today, 2/18/09, the bank stocks are getting hit hard once again as the stock market continues to fall. To get a sustainable rally, we need to see the stocks below turn around and recover.

Banking Stock Update - February 18th, 2009


Bank of America ( BAC ) - $4.69 Down 4.29%

Citigroup ( C ) - $2.96 Down 3.2%

JP Morgan ( JPM ) - $21.62 Down 0.14%

Goldman Sachs ( GS ) - $83.44 Down 2.65%

Morgan Stanley ( MS ) - $19.55 Down 1%

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Stock Market Crashes! February 10, 2009

Well, Wall Street does not like the bank rescue/bail out plan today, 2/10/09. The Stock Market was down going into the Timothy Geithner speech but the Dow has fallen an extra 200 points after the speech. Was this speech a joke? Timothy Geithner had virtually no specifics of the bank plan.

Bank Stocks fall big:

Bank of America ( BAC ) - $5.85 Down 15%
Citigroup ( C ) - $3.55 Down 10.50%
Goldman Sachs ( GS ) - $90.65 Down 7.5%

Financial Bear 3X ( FAZ ) - $45.60 Up 15%
Gold $915 Up 22

Dow Jones - 7971 - Down 300

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Art Cashin CNBC 12/16/08 - Goldman Sachs GS

Art Cashin, NYSE floor trader from UBS, was on CNBC 12/16/08 and gave his comments on what he is looking at today as far as the stock market goes.

What are you watching today Art?

I think we need to sit back and wait for the Fed and GE guidance that will be coming this afternoon. The Goldman Sachs ( GS ) earnings were neutral, weren't as bad as people expected but their rating was downgraded by Moody's. We also have to see if there is more fall out from the Madoff scandal.

Traders want to hear something on this quantitative easing from the Federal Reserve Today.

For all of Art's Comments, go here

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Research in Motion RIMM downgraded Raymond James

12/01/08 - Raymond James has come out this morning and cut their price target on Research in Motion ( RIIM ) from $80 to $72. I'm guessing they are citing weak holiday sales.

Upgrades & Downgrades 12/01/08

Bankrate RATE - Citigroup from Hold to Buy
Toll Brothers TOL - Credit Suisse from Underperform to Neutral

Abercrombie & Fitch ANF - Pali Research to Sell - Price Target $18 to $15
Morgan Stanley MS - Credit Suisse to Outperform - Price Target $45 to $37.5
Goldman Sachs GS - Credit Suisse to Outperform - Price Target $187.5 to $140

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Dow Jones Futures 11/12/08 - Stock Market Futures

11/12/08 Pre Market Trading Report:

Today, November 12th, 2008, the Stock Market and Dow Jones Futures are down slightly after Asian and European markets traded lower. Libor Rates have continued to retreat and Oil prices dipped below $59 to $58.50. Key stocks to watch for a stock market bounce are General Motors ( GM ) and Goldman Sachs ( GS ). If these two stocks can start to bounce, so will the stock market. General Motors is bidding $3.40 this morning which would be 16% higher from yesterdays close. The Futures were higher but Best Buy just warned on same store sales for the rest of 2008.

Futures Markets 11/12/08:

Dow Jones Futures: Down 80
Nasdaq Futures: Down 14
S&P 500 Futures: Down 9

Asian Markets - European Markets 11/12/08

Japan's Nikkei was down 1.3 percent at 8695.51 and Hong Kong's Hang Seng closed 0.7 percent lower at 13,939.09. The FTSE 100 was 0.2 percent lower at 4238.34 points, while Germany's DAX was down 0.1 percent at 4755.42. In France, the CAC 40 was flat at 3338.73.

Biggest Gainers - Pre Market - November 12th, 2008

General Motors ( GM ) $3.40 up 16.44%

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Dow Jones Futures 11/11/08 - Stock Market Futures

11/11/08 Pre Market Trading Report:

Today, November 11th, 2008, the Stock Market and Dow Jones Futures are down moderately after Asian and European markets traded lower. Libor Rates have continued to retreat and Oil prices dipped below $60 at one point for the first time this year. Key stocks to watch for a stock market bounce are General Motors ( GM ) and Goldman Sachs ( GS ). If these two stocks can start to bounce, so will the stock market.

Futures Markets 11/11/08:

Dow Jones Futures: Down 110
Nasdaq Futures: Down 13
S&P 500 Futures: Down 11

Asian Markets - European Markets 11/11/08

The FTSE 100 index dropped 70.43 points, or 1.6 percent, at 4,333.49, while Germany's DAX was 101.08 points, or 2.0 percent, lower at 4,924,45. France's CAC-40 index was 67.87 points, or 1.9 percent, lower at 3,437.88.The Nikkei 225 index fell 272.13 points, or 3 percent, to 8,809.30, while the Hang Seng benchmark in Hong Kong lost 703.73 points, or 4.8 percent, to 14,040.90

Biggest Gainers Pre Market - 11/11/08

I continue to watch Las Vegas Sands ( LVS ) for pops with volume like we saw yesterday. Look for breaks through the highs of the day. I also will be watching Stem Cells ( STEM ) as it got close to $2.53 yesterday.

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Morgan Stanley ( MS ) ( GS ) Goldman Sachs 10/10/08

Morgan Stanley ( MS ) and Goldman Sachs ( GS ) are tanking this morning causing stocks to fall even further.

Dow Jones futures are at 8350 ....down another 250ish points so far this morning.

All eyes will be on trading today....If we tank and close positive...a strong case for the bottom will be made. Also, something could come out of the g-7 meeting this weekend.

First Solar ( FSLR ) Downgraded Goldman Sachs 10/07/08

First Solar Cut To Sell From Buy By Goldman Sachs - Dow Jones Newswire