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Goldman Sachs Cuts S&P 500 Target By 16%

With little prospect of the Federal Reserve dialing back on its aggressive rate hikes to curb inflation, Goldman Sachs has reduced its year-end 2022 target for the S&P 500 by approximately 16%. This sees the benchmark index's target adjusted from 4,300 points to 3,600...

Goldman Analyst Share 3 Reasons Why You Should Buy Walmart Stock

Things are not going great for retailers at the moment. However, according to Goldman Sachs, that shouldn’t be the reason not to buy Walmart stock. In this week’s note sent to clients, Goldman’s retail analyst Kate McShane shared three reasons why Walmart stock is a...

Goldman Sachs Recommends Buying Warner Bros. Discovery, Downgrades Paramount

For those looking to invest in streaming, Goldman Sachs analyst Brett Feldman recommends being bullish on Warner Bros. Discovery (WBD). On the other hand, Paramount Global (PARA) is the one stock you should avoid. In a note sent to clients on Tuesday, Feldman and his...

Goldman Sachs Beats Expectations Despite 48% Profit Drop

Goldman Sachs Group Inc came on top in the second quarter, reporting results that decisively beat the analysts' expectations. According to Monday's report, the investment bank had $7.73 a share compared to an estimated $6.58 per share and $11.86 billion revenue vs. $10.86 billion...

Goldman Sachs Predicts That the U.S. Job Market Will Soon Cool Off

The U.S. job market has been growing in recent months, but this isn't an indicator of a long-term trend, according to Goldman Sachs. The investment bank and financial services shared this prediction in a note issued to clients on Friday. Goldman's chief economist Jan Hatzius...