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Gold Stocks, Bitcoin Crushed Despite Inflation Hedge Argument: Goldman Sachs Now Says Buy This Miner
Monday, September 12, 2022 - 2:36pm | 937Gold and Bitcoin (CRYPTO: BTC) have proven neither holds the title of being a hedge against inflation this year. Gold equities, gold (the commodity) and Bitcoin have all suffered sharp declines over the past months. The VanEck Gold Miners ETF (NYSE: GDX) has declined 37% off its April 18 52-week...
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Goldman Sachs Downgrades US Steel, Upgrades Cleveland-Cliffs Ahead Of Steel Market Mean Reversion
Wednesday, October 6, 2021 - 11:41am | 478U.S. steel prices have skyrocketed in 2021, and steel stocks have mostly followed suit. One major Wall Street firm adjusted its coverage of steel stocks on Wednesday ahead of an anticipated correction in the steel market in the months ahead. The Steel Analyst: Goldman Sachs analyst Emily Chieng...
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Goldman Sachs Upgrades Alcoa On Higher Commodity Prices
Wednesday, March 3, 2021 - 1:07pm | 300Alcoa Corp (NYSE: AA) is poised to benefit from its meaningful leverage to higher commodity prices, according to Goldman Sachs. The Alcoa Analyst: Emily Chieng upgraded the rating for Alcoa from Sell to Buy, while raising the price target from $19 to $32. The Alcoa Thesis: The Sell rating was based...