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Goldman Sachs Newsroom
Dow's 300-Point Drop Led By Losses In Shares Of Merck, NVIDIA Corp.
Goldman Sachs: Reduced SJM HOLDINGS Target Price to 3 HKD, first quarter performance is roughly in line with expectations.
Goldman Sachs released a research report stating that SJM HOLDINGS (00880) achieved performance in the first quarter that was generally in line with expectations, with overall EBITDA decreasing by 3% to 0.958 billion yuan, while the market forecast was between 0.945 billion and 1.06 billion yuan. The group noted that the Macau City of Dreams maintained a normal win rate of 3.2%, which will increase its EBITDA by approximately 60 million yuan. Although the outlook for the gaming industry is weak, SJM management remains optimistic that with the further expansion of the Lisboa, its gaming revenue will continue to outperform the market. The bank has lowered the group's EBITDA forecast for the fiscal years 2025 to 2027 by 5%, with the target price reduced from 3.2 HKD to 3 HKD.
Goldman Sachs: Downgraded COSCO SHIP ENGY freight forecast and lowered the Target Price to HKD 8.8.
Goldman Sachs released a Research Report stating that COSCO SHIP ENGY (01138) performed worse than both the bank's and market's expectations in the first quarter of this year, mainly due to the significant decline in transportation costs for Crude Oil Products and the continuous rise in costs. The bank slightly lowered and significantly cut the group's forecasts for Crude Oil Product transportation rates, while raising the forecast for transport volume; it also reduced the net income forecast for 2025 to 2027 by up to 8% and decreased the Target Price from HKD 9.4 to HKD 8.8, maintaining a 'Buy' rating. The report mentioned that the group's stock price has retreated 24% since reaching a high in January and February of this year, reflecting the transportation rates falling short of expectations and the potential issues arising from the placement.
Goldman Sachs: Maintains "Buy" rating for the three major telecom operators, expecting that the decline in cash flow in the first quarter will have a controllable impact.
Goldman Sachs released a Research Report stating that the revenue and net profit growth of Chinese telecommunications stocks in the first quarter has slowed compared to 2024, but this is within the bank's expectations. The performance shows a significant decline in operating cash flow, mainly impacted by a notable increase in accounts receivable, which is related to the shift in telecom companies' business models towards enterprise business (cloud/ICT projects). However, a reduction in capital expenditure and an increase in accounts payable are expected to offset this negative impact and stabilize free cash flow from 2025 to 2026. Moreover, cash flow exhibits a seasonal pattern, with cash recovery from accounts receivable primarily concentrated in the second half of the year. Overall, the bank believes that Chinese telecommunications companies still possess.
JPMorgan: AI tools played an important role during the market turbulence caused by tariffs.
JPMorgan's Asset and Wealth Management CEO, Mary Erdoes, stated that the bank's AI tools have enabled it to boost sales to wealthy clients, even handling a large number of requests from concerned customers during the market crash in April. This largest bank in the USA has been increasing its use of AI alongside its peers. Goldman Sachs is launching a generative AI assistant for its bankers, traders, and asset management, while Morgan Stanley is developing a chatbot for its financial advisors using OpenAI. Last month, tariffs were announced in the USA.
Overview of international financial hotspots last night and this morning _ May 6, 2025 _ Financial news
For more global financial News, please visit 24/7 real-time financial news. Market Close: US stocks closed lower on Monday, ending the 9-day rise of the S&P Index. On May 5, the top 20 trading amounts of US stocks: Skechers USA is about to be (Delisted), with a stock price increase of 24%. On Monday, China Concept Stocks fluctuated; Alibaba rose by 0.64%, while Taiwan Semiconductor fell by 1.61%. US Crude Oil fell by 2%, with OPEC+ June production increase expectations putting pressure. New York gold futures rose over 3%, returning to $3340. European stock markets have seen the longest consecutive rise since 2021, with trade and economic outlook improving. Macroeconomically, US hiring slowed down in April, affected by tariff concerns, and the USA rejected a complete exemption.
Goldman Sachs stated that the performance of large Technology stocks boosts confidence, and the recent pullback is a Buy opportunity for the AI Sector.
A team of analysts at Goldman Sachs stated that the earnings reports released by several large Technology companies involved in the AI field at the end of last month exceeded expectations, indicating that investors have the opportunity to reposition themselves in this Sector after the recent pullback. Over the past two years, AI Concept Stocks have been a hot Sector driving the rise of Large Cap, but it encountered significant resistance in 2025. In January of this year, DeepSeek raised doubts in the market about the necessity of USA companies investing billions of dollars to build AI systems, resulting in a significant blow to chip manufacturers and AI-related Stocks. Recently, the trade war initiated by USA President Trump has caused concerns in the market.
Crude Oil in the USA fell by 2% as the OPEC+ June production increase expectations put pressure.
WTI Crude Oil in the USA fell about 2% on Monday (May 5), after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase production for the second consecutive month. West Texas Intermediate Crude Oil for June delivery on the New York Exchange decreased by $1.16, a drop of 1.99%, closing at $57.13 per barrel. The global benchmark Brent Crude Oil fell by $1.06, down 1.73%, closing at $60.23 per barrel. International oil prices have cumulatively dropped about 20% this year. Last Saturday (May 3), the eight OPEC+ countries led by Saudi Arabia reached an agreement to increase production again in June.
Barclays Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $720
Goldman Sachs lowers oil price forecasts due to the possibility of OPEC+ continuing to increase production.
Goldman Sachs has lowered its oil price forecast, stating that it expects OPEC+ to continue increasing production at an accelerated pace, with an anticipated increase of 0.411 million barrels per day in July, the same as the increases announced for May and June. Goldman Sachs Analysts noted: "Last Saturday, OPEC+ decided to continue increasing production by 0.411 million barrels per day in June, which has boosted our confidence that the new benchmark production rate is likely to be 0.411 million barrels per day." As a result, the bank expects the average price of Brent crude oil for the remainder of 2025 to be $60 per barrel, and $56 per barrel for 2026, down from previous expectations of $63 and $58 respectively.
Was Jim Cramer Right About Goldman Sachs Group (GS)?
Overview of international financial hot topics from last night to this morning_ May 3, 2025_ Financial news.
To view more global financial News, please move to the 7×24 hour real-time financial news market close: the S&P index has set a record for the longest consecutive rise in 20 years, with market attention on data and trade negotiation prospects. On May 2, the top 20 trading volumes of US stocks: Apple fell 3.7%, and the Earnings Reports highlight tariff and growth concerns. On Friday, China Concept Stocks rose broadly, with Taiwan Semiconductor up 3.81% and Alibaba up 4.35%. This week, Brent crude oil plummeted 8.3%, and Crude Oil fell 7.5%. Spot Gold fell 2.4% this week, and the Philadelphia Gold and Silver Index cumulatively declined over 3.5%. European stocks rose for nine consecutive days, nearing recovery of losses since the announcement of US tariffs.
Overnight news: U.S. stocks closed higher, Trump announced the 2026 budget plan, Bezos plans to sell $4.8 billion worth of Amazon stocks, Barclays and Goldman Sachs expect the Federal Reserve to lower interest rates in July.
To view more global financial News, please move to the 7×24 hour real-time financial news market close: the S&P index has set a record for the longest consecutive rise in 20 years, with market attention on data and trade negotiation prospects. On May 2, the top 20 trading volumes of US stocks: Apple fell 3.7%, and the Earnings Reports highlight tariff and growth concerns. On Friday, China Concept Stocks rose broadly, with Taiwan Semiconductor up 3.81% and Alibaba up 4.35%. This week, Brent crude oil plummeted 8.3%, and Crude Oil fell 7.5%. Spot Gold fell 2.4% this week, and the Philadelphia Gold and Silver Index cumulatively declined over 3.5%. European stocks rose for nine consecutive days, nearing recovery of losses since the announcement of US tariffs.
10-Q: Q1 2025 Earnings Report
USA bond market: Treasury bonds fell as the probability of the Federal Reserve cutting interest rates decreased due to strong employment data.
U.S. Treasury bonds fell further near closing, ending at intraday lows. This was after the stronger-than-expected U.S. employment data for April resulted in significant sell-offs in Treasury futures, weakening expectations for a Federal Reserve rate cut. Both Goldman Sachs and Barclays pushed back their expectations for a rate cut by the Fed from June to July, increasing short-end selling pressure. Shortly after 3 PM New York time, the yield curve flattened, with all yields rising by 6 to 13 basis points. The 2s10s and 5s30s spreads narrowed by 4 and nearly 6 basis points respectively during the day; the U.S. 10-Year Treasury Notes Yield ended at this week's high of about 4.31%, rising by 9 basis points during the day. More than half of the drop occurred in the U.S.
Dow's 600-Point Rally Highlighted By Gains In Shares Of 3M, American Express
This week, Brent crude oil plummeted by 8.3% and WTI crude oil fell by 7.5%.
On Friday, international oil prices fell by more than 1%. This week, Brent Crude Oil has accumulated a decline of 8.3%, and Crude Oil has dropped by 7.5%, both marking the largest weekly drop since the end of March. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) held an early meeting on production, preparing to discuss the plan to increase output in June, which has made the market sentiment tense. On Friday, the June Crude Oil contract on the New York Exchange fell by 1.6%, closing at $58.29 per barrel. The July Brent Crude Oil contract fell by 1.35%, closing at $61.29 per barrel. This week, Brent Crude Oil has declined by over 8.3%, and Crude Oil has dropped by 7.5%, both.
Sector Update: Financial Stocks Gain Friday Afternoon
Sector Update: Financial
Peering Into Goldman Sachs Group's Recent Short Interest